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Strategies & Market Trends : The New Economy and its Winners

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To: Mark Fowler who wrote (8610)9/5/2001 7:05:24 PM
From: Bill Harmond  Read Replies (2) of 57684
 
Akamai Tech (AKAM) 3.80 -0.20: -- Intraday -- CSFB reiterates BUY; after company announced two additional customers of EdgeSuite, Columbia House and Xerox; brokerage believes that pricing for EdgeSuite continues to hold despite the current challenging environment, validating the compelling ROI proposition of the service; believes that EdgeSuite customers provide a high margin revenue stream that can fuel growth and increasing profitability in the next few quarters; notes that on the whole, brokerage views Akamai as oversold, creating a highly favorable risk/reward situation for investors.
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