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Technology Stocks : Akamai (AKAM)

AKAM 87.17

-1.7%

Nov 14 9:30 AM EST

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To: Boplicity who wrote (8)	8/23/1999 2:17:00 PM
From: Z268	Read Replies (2) of 695

<< I sure wish this baby stays un notice till IPO date.>> Maybe not, unfortunately. I cam across the following over the weekend. Looks like the entry price has skyrocketed in 2 months. --------------------------------- Date: Friday, August 20, 1999 Source: InfoWorld Electric InfoWorld Electric via NewsEdge Corporation : Akamai Technologies has attracted a couple of big-name investors -- Cisco Systems and Apple Computer. Both companies have bought into the Cambridge, Mass.-based start-up, which offers Internet content delivery services. The Cisco deal was announced Wednesday, at the same time as the Apple investment -- which was made in June -- was revealed. As an indication of the fast track Akamai seems to be on, the Cisco investment of $49 million amounts to a 4 percent stake in the company, while Apple's $12.5 million June investment bought it about 5 percent of Akamai, which is privately held. Steve Yeo

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