Inktomi Slips 6.3% on Results, Warns for 2001 - TheStreet

Internet infrastructure company

Inktomi

(INKT)

was down 6.3% in preopen

Island

trading after it reported fourth-quarter earnings of 7 cents per share excluding items, ahead of the Street's expected 5-cent profit and the year-ago 6-cent loss.

The company warned that the upcoming acquisition of

FastForward Networks

would be a drag on earnings in the first part of 2001.