Inktomi Soars on Wireless Deal
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Shares of Inktomi Corp. were the standout at the midpoint of Tuesday's trading session. The Internet software maker sealed a variety of deals with companies planning wireless initiatives.
At 12:15 p.m. Eastern, internet.com's Internet Stock Index was up 1.81, or .17 percent, to 1,072.46, the Nasdaq Composite was off 11.86 to 4,895.38 and the Dow Jones industrial average had added 31.64 to 9,978.77.
McAfee.com Corp. (MCAF) had leaped 5-1/2 to 51-1/4. The antivirus software site and parent Network Associates Inc. (NETA) will provide online virus scanning technology to users of Microsoft Corp.'s (MSFT) Hotmail e-mail service.
Adaptive Broadband Corp. (ADAP) was off 15-1/2 to 162-5/8 after hitting 193 earlier in the session. The high-speed wireless equipment maker announced a 2-for-1 stock split.
Ariba Inc. (ARBA) was off 3 to 295 after hitting 316-1/2. Dell Computer Corp. late Monday took a stake in the electronic commerce software maker and unveiled plans to use Ariba's technology to implement an online purchasing initiative.
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