Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: VINTHO who wrote (378)	11/30/1999 11:08:00 AM
From: BarbaraT	Read Replies (1) \| Respond to of 695

Thank you ...

To: VINTHO who wrote (378)	11/30/1999 10:00:00 PM
From: Rupert	Read Replies (1) \| Respond to of 695

Well I've been proven wrong so far on AKAM. Can't argue with today's performance and new all time high, especially when the rest of the market is flowing red. And I am seeing quite a lot of Akamai server hits in my browser status bar when I connect to heavily used websites like newsalert.com. But let's bear in mind that if you bought this stock today with the hope that it will at some point or other go up 100%, you are betting that their market cap will grow to be almost $40 billion (i.e. today's closing market cap x 2). Compare that to General Motors (GM)..$47 billion market cap. I guess all those ads in the New Yorker and public radio sponsorships are working. PS. Article on IPO quiet period and ways around it in Forbes mentions Akamai: "Silence Isn't Golden" forbes.com " Akamai Technologies, in Cambridge, Mass., went public in October on the strength of a paltry $1.3 million in revenues and fancy algorithms for speeding up Internet servers. Virtually unknown earlier this year, it put out a mere three or four press releases a month until recently. But in August, the month Akamai filed its registration, flacks went into overdrive, cranking out ten press releases. Sixteen in September. The releases announced alliances with big names like Microsoft, Cisco and Apple Computer and news that each had invested in Akamai. Read between the lines: We must be hot stuff. These releases also quoted its "partners" as saying nice things about the company that it couldn't say about itself. The strategy worked. Akamai shares soared 500% on the first day of trading. Today the company's market value is $17 billion. Flacks at Akamai won't discuss their masterful spinning. They're in a "quiet period." Not a peep from the SEC. "