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Inktomi, Inktomi they all have it Inktomi

a very bad pun of a very bad carry on pun

         

NFFC

8:40 pm on May 15, 2002 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



Inktomi Corp. (INKT) has a total of $4.8 million in loans outstanding to its chief executive as of April

Source [news.moneycentral.msn.com]

That is almost half their entire web search revenue last Quarter. Can someone explain to a simple webmaster why a company that has seen it's stock plunge from $200 plus to not far short of a $ lend the CEO such sums.

Am I missing something here?

mcguffin

8:46 pm on May 15, 2002 (gmt 0)

10+ Year Member



Looks like red Inktomi. :)

Everyman

8:47 pm on May 15, 2002 (gmt 0)



Am I missing something here?

Another one for the Enron file?

Everyman

9:56 pm on May 15, 2002 (gmt 0)



I think we have two scandals concerning Inktomi's excessive generosity to officers, not just one:

From Inktomi's 10-Q, filed 2002-03-31:

[sec.gov...]

Hey, let's name names!

From Inktomi's DEFR-14A filed 2002-02-05:

[sec.gov...]

At least they don't use Arthur Andersen. Their accountant is PricewaterhouseCoopers.

If they used Arthur Andersen, I was going to suggest:

User-agent: if_arthur_andersen_is_your_accountant
Disallow: /

(edited by: seth_wilde at 10:35 pm (utc) on May 15, 2002)

Everyman

10:35 pm on May 15, 2002 (gmt 0)



Blast from the past:
September 27, 1999 article from Business Week on Inktomi, ironically titled A Hidden Goldmine called Inktomi [businessweek.com]

littleman

10:50 pm on May 15, 2002 (gmt 0)



Perhaps he needed it to cover the margins on his shares?