Inktomi today announced that turnover and profits for its first quarter, ended 31December, 2000, will be below expectations.
Published: 4 January 2001 16:25 GMT
Shares in the Nasdaq-listed firm fell 27 per cent after the company said first quarter sales missed forecasts due to customers cancelling orders for its software.
In a statement David Peterschmidt, president and chief executive officer of Inktomi, said: "The current conditions in the US capital markets and the broader economy have resulted in a slowdown in infrastructure spending. Accordingly, we are adjusting our estimates for the current quarter."
The results for the first quarter and information on the company's expectations for fiscal year 2001 will be reported on January 18, 2001.
Inktomi shares were trading at $15.12 at the time of publishing, down from a 52-week high of $241.50.
With massive growth plans for this coming year, with no less than fourteen vacancies planned for the first quarter of next year across development, ...
You will be a competent manager with a strong knowledge of capital markets. My client is looking for a Global Reseach Manager who will have ...
The successful manager will be required to assist the Chief Compliance Officer in supervising specific compliance matters. Officer. To be successful, ...
Agenda Setters 2009
Welcome to the ninth annual Agenda Setters poll – silicon.com's list of the top 50 most influential individuals in the technology and IT industries, from techies and CIOs to entrepreneurs and business leaders. Find out more in our latest special report.
Stories from the web...
Copyright © 2008 CBS Interactive Limited. All rights reserved. Top of page
Digg
Slashdot
Del.icio.us
Stumble
Reddit
RSS Feeds
Nick Heath Your top HR tech priorities for next year revealed How to make human resources IT work for you
Bob Tarzey Why you must rein in your power users When they do damage, it can be catastrophic to your business