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Technology Stocks : Akamai (AKAM) -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (112)	10/27/1999 11:26:00 AM
From: Beltropolis Boy	Read Replies (2) \| Respond to of 695

not COOL! i'm telling my MSDW broker that i want out! <vbg> ----- October 27, 1999 9:52am Akamai boosts expected IPO price to $21-$23/shr Reuters WASHINGTON, Oct 27 (Reuters) - Akamai Technologies Inc. said Wednesday it was boosting the expected price range of its initial public offering to $21-$23 per share from $16-$18. In a Securities and Exchange Commission filing, Akamai said it plans to sell 8 million shares in the offering and will use net proceeds, now an estimated $162.5 million, for working capital and general corporate purposes. The company, based in Cambridge, Mass., monitors Internet traffic and finds the most efficient way to move data through the system. The company has applied to sell its shares on Nasdaq under the symbol "AKAM" <AKAM.O>.