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Inktomi plans 2-for-1 split

The Internet software maker's board of directors approves a 2-for-1 split of the company's common stock.

Internet software maker Inktomi today said its board of directors approved a 2-for-1 split of its common stock.

Shareholders will get one additional share for every share held Dec. 14, 1999. Inktomi has just more than 50 million shares outstanding.

Based in Foster City, Calif., Inktomi develops and markets software designed for Internet infrastructure and media companies. The company's portal services include search, directory and shopping engine applications; its network products include the Traffic Server network cache platform and Content Delivery Suite.

Shares of Inktomi closed at 127.31 yesterday on the Nasdaq Stock Market.