Inktomi, E-centives Form Technology, Business Alliance

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Inktomi Corp, Foster City, CA, signed an agreement yesterday to sell its Commerce Business to e-centives, Inc., an online direct marketing infrastructure company. Inktomi will transfer related employees, equipment and technology associated with its Commerce division to e-centives, in exchange for up to 19.9 percent of e-centives' outstanding shares of common stock, some of which will be earned upon the satisfaction of certain revenue and performance targets.

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