SAN MATEO, Calif., June 10, 1998 - Inktomi Corp. (NASDAQ: INKT) today announced the initial public offering of its common stock on the Nasdaq National Market under the trading symbol INKT.

The initial public offering price for the 2,000,000 shares offered by the company and 254,000 shares offered by selling stockholders was $18 per share.  The company has granted the underwriters an option to purchase up to an additional 338,100 shares of common stock to cover over-allotments, if any.  The managing underwriters of the offering are Goldman, Sachs & Co. acting as lead manager and BT Alex. Brown Incorporated and Hambrecht & Quist LLC, acting as co-managers.

Inktomi develops and markets scalable software designed for the world's largest Internet infrastructure and media companies.  The company's innovative software delivers high performance and scalability at significant cost savings by leveraging Inktomi's parallel and cluster computing technologies.  Inktomi's applications include carrier-class network cache systems and the world's largest search engines.

A copy of the Prospectus relating to the offering may be obtained from Goldman, Sachs & Co., 85 Broad Street, New York, NY  10004, 212-902-1000; BT Alex. Brown Incorporated, 101 California Street, 48th Floor, San Francisco, CA  94111, 415-544-2800; and Hambrecht & Quist LLC, One Bush Street, San Francisco, CA  94104, 415-439-3300.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.