Undaunted by having posted a $7.6m loss for the fourth quarter ended September 30, July’s IPO star Inktomi Corp (CI No 3,454) has filed with the Securities and Exchange Commission for a follow-on common stock offering of up to 3 million shares. The San Mateo, California-based search engine and network caching company has also announced the release of 1.1 million shares of common stock from lock-up. Underwriters Goldman Sachs & Co will make these shares available without further restriction on October 28. Inktomi says it now has 16 customers for its OEM search engine. New agreements were signed in the fourth quarter with @Home Network, Grolier of France, GlobalNet 2000, Internet Century and Umbral Global of Mexico. In addition, the company completed its first full quarter of servicing searches on Yahoo. New customers for Inktomi’s Traffic Server network cache included @Home, Ameritech, BellSouth.net and OnSat Communications Network. The cache saw its largest ever deployment in September, across America OnLine. Also in September Inktomi bought C2B Technologies, a developer of online shopping software. A $1.0m one-time charge related to the acquisition is included in the $7.6m loss.
