“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.”