Stock Watch: Inktomi Expands Shopping Presence

Shares of Internet infrastructure company Inktomi (Nasdaq: INKT) climbed 5-3/4 to 90-1/2 on Tuesday after the company unveiled a new program known as Directory Engine. The software will allow portal sites to blend in their own unique content — and integrate advanced Web search and shopping capabilities — into a single solution. The Directory Engine has already been adopted Inktomi customers, including VerticalNet, GoTo.com and Knight-Ridder Real Cities.

Inktomi also signed a deal with Internet marketing company Vicinity to bring local merchant coverage to the Inktomi Shopping Engine. In addition, Inktomi benefited Tuesday from a buy rating and a $130 price target from Friedman, Billings, Ramsey Group. This stock looks like one of the safer Internet plays.

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