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CNET News.com: Yahoo drops Inktomi for Google search technology

Jun 26, 2000, 20:21 (0 Talkback[s])
(Other stories by Jim Hu)

"Inktomi's stock plummeted in response to the news. Shares were down $26, or 19 percent, to $114.38 in late trading. Inktomi develops Web search technology that companies can license for their sites. Its clients include America Online, Excite@Home, RealNetworks and NBCi."

"To soften the blow of its decision to use the Google search engine, Yahoo said it will use Inktomi's search technology in its new Corporate Yahoo. Launched today, Corporate Yahoo is the company's attempt to sell customized versions of its service to corporations for internal use."

"Yahoo's decision to drop Inktomi marks a significant coup for Google. Since its founding in 1998, the Silicon Valley company has lured many early Web adopters to its service and has garnered attention from its competition. Just last month, Web search veteran AltaVista launched Raging Search, a slimmed-down search engine aiming to lure back sophisticated Web users who have migrated to Google."

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