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Inktomi to Purchase WebSpective Software

TECHNOLOGY BRIEFS

September 17, 1999|Bloomberg News

Inktomi Corp. agreed to buy closely held WebSpective Software for about $106 million in stock in a move to improve its Traffic Server software, a network-caching product that lets companies store data and speed the movement of information on the Internet. Inktomi shares closed down 78 cents at $128.63 on Nasdaq.

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