Shares of

Inktomi

(INKT)

received a boost today after

Bear Stearns

issued some positive comments on the Internet infrastructure software maker and reiterated its buy rating.

The firm said that the stock has been unfairly hurt as of late by the misperception that a telecom industry slowdown would hurt the company's business.

Inktomi shares were recently up $3, or 12.4%, to $27.19 in

Nasdaq

trading. The 52-week high is $241.50.