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Doesn't say much more but they are expecting a "pro forma" loss of .05 - .07
"Current economic conditions in enterprise software mandate that Inktomi further adjust its cost structure to move towards cash flow breakeven performance," David Peterschmidt, president and chief executive, said in a statement.
That whole thing could probably be replaced by one word. GOOGLE
OOPS! - Brain fart - this should go in the pay for spidering engines forums
Their current price is .27 cents per share. If I had the money to throw at it, I just might...if they ever landed another deal, and did a reverse split (say, 1 for 10) the stock might be worth something again.
Google - you got it there. INK can't hope to be a 'back end provider' when the spin is that Google not only gives you good search results - it actually increases your sites traffic.
Plain and simple: they mistreated the webmaster / SEO community. Anybody feel like paying them more money, after they stopped spidering in anticipation of gearing up for the worlds first pay for inclusion program (paid for spidering)?
I do feel bad for those folks who got cut - tough economic times, and all that - it's expensive to live in the area.
However, I don't think the executive management there has been thinking clearly for a long time about what they actually think their business is based on. It's based on their product - pay for inclusion / and XML based CPC.
To provide those and gain revenue, they need partners - I haven't seen any new domestic ones lately.
If one doens't materialize with MARKET SHARE, Inktomi is toast.
I would hate to see them close. I think there is space for pay for spidering on the internet, although their one size fits all (being spidered every 48 hours, or wait 3 months), is not the best way IMHO.
