Commentary: Software Makers Hit The Endangered ListJim Kerstetter and Spencer E. Ante
Inktomi Corp. CEO David Peterschmidt was one of the few Silicon Valley execs who wasn't laughed at when he boasted that his Internet company would some day top $1 billion in revenues. Inktomi's search and networking technology had quickly become a cornerstone of the Net, and Wall Street bought into the company's growth gospel, sending its stock to an intraday high of $241 on Mar. 20, 2000. And even after the tech rout pummeled shares through the summer and early fall, shares of Inktomi held up better than most.
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