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Akamai (AKAM)
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Emcee:  KENNETH DOAN Type:  Unmoderated
Akamai Technologies said today it will seek to raise $86.25 million in an initial public offering of common shares.

The Cambridge, Massachusetts-based provider of Internet content delivery services said in a filing with the Securities and Exchange Commission that it would use the proceeds from the sale for working capital and general corporate purposes.

It proposed the Nasdaq stock symbol "AKAM."

The company said its Internet content delivery service improves Web site speed and reliability and protects against Web site crashes due to demand overloads. Its FreeFlow service delivers customers' Web content through a worldwide server network by locating content geographically closer to users for faster retrieval.

Akamai said it entered into a strategic alliance with Cisco Systems earlier this month to enhance and jointly develop new content routing, switching, and caching technologies to improve the performance of Web content delivery.

Cisco bought shares of Akamai's Series E convertible preferred stock for about $49 million in August 1999, it said.

Underwriters of the offering, for which the company did not provide the number of shares to be sold, are Morgan Stanley Dean Witter, Donaldson, Lufkin & Jenrette, Salomon Smith Barney, and Thomas Weisel Partners.

The $86.25 million Akamai cited in its filing was merely a basis for calculating the SEC registration fee, it said.
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695Akamai Technologies, Inc. was downgraded by analysts at SunTrust Banks, Inc. froJakeStraw-5/3/2017
694Almost his downside target and still remains weak. No rush for long here but letmore100-4/5/2017
693Akamai Changes the Game for Remote Application Access Akamai JakeStraw11/24/2017
692Akamai acquires California bot-detection startup Dec 19, 2016 “JakeStraw-12/19/2016
691Bullish crossover in MACD and Stochastic oscillator. [graphic]hollyhunter-12/19/2016
690Akamai Technologies Inc. was upgraded by analysts at Oppenheimer Holdings Inc. fJakeStraw-12/14/2016
689Akamai Security Business Shines, Offsets Apple, Facebook Shift investors.comJakeStraw-10/26/2016
688Akamai Acquires Soha Systems Through its acquisition of Soha JakeStraw-10/4/2016
687Akamai Acquires Data Processing Provider Concord Systems DataJakeStraw-9/28/2016
686Akamai Technologies ($AKAM) reported above-consensus non-GAAP earnings per sharemore100-2/10/2016
685How Akamai Wants to Make the Internet Faster bloomberg.comJakeStraw-4/29/2015
684Akamai Acquires Octoshape Octoshape to provide Akamai unique JakeStraw-4/7/2015
683Akamai Unveils Emerging Mobile Business Unit to Address Needs of Mobile Network JakeStraw-2/26/2015
682Akamai's 2014 revenue up 24% to $2 billion driven by cybersecurity demand biJakeStraw-2/11/2015 12:18 PM Large Cap Gainers AKAM (61.74 +2.13%): Rumors out suggeSr K-11/14/2014
680Akamai Reports Third Quarter 2014 Financial Results Third quaJakeStraw-10/29/2014
679Akamai and China Telecom Establish Strategic Cloud Services Partnership finance.JakeStraw-10/8/2014
678Akamai Reports Second Quarter 2014 Financial Results Second qJakeStraw-7/30/2014
677Tom Leighton's Journey From MIT Professor to Akamai CEO forbes.comJakeStraw-5/20/2014
676Akamai Reports First Quarter 2014 Financial Results "OurJakeStraw-5/2/2014
675Sweet. It's a good time to have cash in hand. Akamai won't make a big Uncle Frank-4/11/2014
674No, I'm still on the bench...JakeStraw-4/10/2014
673Akamai appears to be at the bottom of its range, which might be a good buying opUncle Frank-4/10/2014
672Akamai Announces Native MPEG-DASH and HDS Support for Live Video Workflows finanJakeStraw-4/8/2014
671Akamai, Cisco Partnership Eyed; Apple Worries Fade news.investors.comJakeStraw-3/26/2014
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