Indian American doctor convicted for $16 mn tax evasion Oct 10, 2009
During the 'bull market' of the late 1990s, the evidence showed that he earned more than $40 million in short-term capital gains, much of them from trading in stock options involving high-technology stocks such as America Online, Dell Computer, Yahoo, Qualcomm and Inktomi. In preparation for filing his tax returns for 1998 and 1999, Srivastava provided his accountant with information about those trades that generated capital losses, but omitted providing information relating to the vast majority... (India Times)
'Sea turtles' powering Web use in China Oct 2, 2009
"Robin Li was an engineer with a patent on search mechanism, and he wanted to build a Chinese search engine. He brought in the idea, the technology and the funding. While he was still working for Infoseek in Silicon Valley, he got $1.2 million from former executives of Inktomi. Then he went back to China and recruited students and teachers from Peking University, and he built Baidu in a year. "Finally [the sea turtle CEOs] go to the Nasdaq for IPO listing, because that is where the market really... (CNN -- Tech)
Yahoo comes full circle with retreat from search Aug 5, 2009
Rather than spend its own money on expensive upgrades, Yahoo hired AltaVista to supplement its search engine and then later turned to Inktomi ... Beginning in 2002, Yahoo spent more than $2 billion buying other search engines, including the remnants of AltaVista and Inktomi. (Madison Daily Leader, SD)
Yahoo: Losing the Geek Factor Jul 31, 2009
In 2002, Yahoo bought Inktomi, a startup that gave it the ability to "crawl" the Web for content. "The introduction of the search engine into Yahoo was a transformative cultural experience," says Raymie Stata, who's now chief architect for the company. (BusinessWeek)
