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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: fedhead who wrote (1302)	8/30/2000 11:56:12 PM
From: Wizard	Read Replies (2) \| Respond to of 57684

This is the same old story. AKAM is the clear leader with a substantial technology advantage in an extremely fast growing market. If they continue to innovate and execute at warp speed, they will win and build a $50b+ market cap company. If they don't, they will shrivel up and die and go to single digits. Same story with JNPR and RBAK and everybody else that is taking a piece of the internet infrastructure spending pie. There is only one reason we have been able to buy AKAM in the $60's this month - the lock-up release. Inktomi and Cisco and everybody else first have to play catch up to where Akamai was 9-12 months ago. Meanwhile, AKAM is working on new apps to run on its operating system. The beauty of it all is that the lock-up issue automatically disappears over the long-run. If the average investors time horizon is only until September 13th, then they are missing the point with this company. Akamai is currently the company with the most likely chance of becoming the operating system for the most interesting part of the internet (the most highly trafficked sites/pages). August was an excellent month last year to be buying internet infrastrucure names. I believe the same is true this year on AKAM. There is risk but I believe the valuation is defensible <$70. Akamai should easily set a record for the fastest growing services business of all-time. 4-digit revenue growth that is recurring makes me froth at the mouth. If the technology lead holds (always a big if), this story will be a must own for every growth fund in America. I am very excited to be averaged into this one in the $60's. We may trade down lower in anticipation of the dreaded lock-up but I doubt we stay there long.