NEW YORK -- Internet media company Yahoo! Inc. said Monday that privately held search engine Google Inc. will do most of its web searches, replacing Inktomi Corp., which had counted Yahoo as one of its best-known clients.
Yahoo said it would continue to use Inktomi's search services on customized web portals for businesses as well as on Yahoo's own corporate system.
Inktomi officials were not immediately available for comment.
Shares of Inktomi fell 26-1/4 to 114-1/8, making it the top net loser on Nasdaq on Monday morning. Yahoo fell six to 119-5/16.
The change will not reduce Inktomi's earnings, said a source close to the company, who declined to comment on the impact on revenues.
Inktomi has more than 50 percent of the search market, and while Yahoo was not its largest customer, it was one of its first customers.
Yahoo said it chose Google, which searches the Internet by sites users prefer, "because they share our strong consumer focus."
Separately, Yahoo on Monday said it teamed up with real-time electronic business software company TIBCO Software Inc., which is 60 percent owned by Reuters Group PLC, to bring customized web portals to businesses.
The service would weave together a company's online operations, such as data storage and customer service, and allow companies to fold in corporate information with Yahoo's personalized Internet content and services.
Yahoo and Inktomi said they agreed for Inktomi to be the premier search technology provider on the new Corporate Yahoo service.
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