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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Jane4IceCream who wrote (20896)	10/28/1999 6:07:00 PM
From: Connie	Read Replies (2) \| Respond to of 108040

Hi Jane, Kimberly, this thread is great! I have been lurking and benefitting for awhile but not long enough! Thanks to everyone! Connie

To: Jane4IceCream who wrote (20896)	10/28/1999 7:01:00 PM
From: stan s.	Read Replies (1) \| Respond to of 108040

Digital Island Rises In Sympathy With Akamai Thursday October 28 5:11 PM ET SAN FRANCISCO (Reuters) - Internet services company Digital Island Inc (Nasdaq:ISLD - news) stock surged Thursday ahead of a much anticipated initial public offering for Akamai Technologies Inc, which has raised the visibility of companies involved in content distribution over the Internet. Digital Island leaped $15.21 to $58.18, extending gains from a strong week that began Monday with the acquisition of Sandpiper Networks Inc. in a stock deal valued at over $1 billion. Digital Island closed last Friday at $23. Sandpiper's content distribution technology is similar to Akamai, which received favorable views from analysts and investors during its pre-IPO road show. Investors who were unable to get hold of the hot Akamai stock at the expected $21 to $23 IPO share price may have been buying up Digital Island, analysts said. ''All of a sudden investors are waking up to the content distribution space,'' said Lehman Brothers analyst Geoff Stricker. ''It's become a very hot topic right now. From what we hear Akamai is going to be a very hot deal, and Digital Island is benefiting from that.'' The distribution of content is becoming increasingly important as large corporations move their operations online and set up e-commerce businesses. Stricker said that Digital Island is among a small number of companies who handle large scale distribution. Also, it is well placed because it has data centers set up around the world to cater to global companies. Its technology allows companies to distribute content evenly and with a high degree of reliability to many points, using a private network linked to the Internet.