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Technology Stocks : Digital Island,Inc - (Nasdaq- ISLD) -- Ignore unavailable to you. Want to Upgrade?

To: Blue Snowshoe who wrote (356)	9/7/1999 2:04:00 PM
From: djane	Read Replies (1) \| Respond to of 1884

*cbsmarketwatch.com. Digital Island shares surge 31 percent. Investors bullish over alliance with RealNetworks, Inktomi By Deborah Adamson, CBS MarketWatch Last Update: 11:00 AM ET Sep 7, 1999 NewsWatch SAN FRANCISCO, (CBS.MW) -- Shares of Digital Island, a company that helps clients conduct business through the Internet, rose 31 percent in mid-day trading Tuesday after announcing deals with RealNetworks and Inktomi to form a global streaming media network. Digital Island (ISLD: news, msgs) rose by 5 13/16 to 24 11/16. The company said it will integrate streaming audio and video services from RealNetworks and ally with Inktomi to allow delivery of content from local sites to users in more than 10 countries. See press release. "It really solidifies (Digital Island's) business plan," said Jim Linnehan, an analyst at Thomas Weisel Partners in San Francisco, the only analyst following the company. "No one else has this kind of technology on an international scale." Digital Island will allow foreign users to access files from servers in their countries instead of tapping into U.S. web sites, thereby shortening the time of delivery, Linnehan said. The company starts the service mainly in Western Europe and Asia. Eventually, it will expand to about two dozen nations, including those in South America. RealNetworks (RNWK: news, msgs) dropped 1 11/16, or 1.9 percent, to 86 1/4. Inktomi (INKT: news, msgs) rose 4 1/8, or 3.6 percent, to 119 7/8. RealNetworks, based in Seattle, provides streaming audio and video services over the Internet. Inktomi provides software applications to enhance the performance of large-scale networks. It is headquartered in San Mateo, Calif. Deborah Adamson is an online reporter for CBS MarketWatch. ¸ 1997-1999 MarketWatch.com, Inc. All rights reserved. Disclaimer. Privacy Policy. CBS and the CBS "eye device" are registered trademarks of CBS Inc.