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To: Danny who wrote (116175)	1/24/2001 9:26:04 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

Danny, akami didn't have earnings...those are results! Not the kind of stock a guy like Sarmad is attracted to.;-) >BOSTON, Jan 24 (Reuters) - Akamai Technologies Inc. (NASDAQ:AKAM), which racked up nearly $900 million in operating losses last year building a network to speed the delivery of Web pages and live events on the Internet, said on Wednesday its losses will decrease this year, but it won't see positive cash flow until 2003. Nevertheless, Akamai executives said the Cambridge, Mass.-based Internet firm has enough cash on hand to meet its earnings goals. Shares of Akamai have plunged nearly 90 percent during the past year as Wall Street has punished Internet companies that don't make money. Akamai Chairman George Conrades reaffirmed the company's 2001 revenue goal of more than $240 million, compared with about $90 million in revenue last year. "We have an opportunity that's enormous out there," Conrades told Reuters. He said Akamai plans to net more business from large corporations who want to ease their Web-content headaches. "We offer them savings ... and you got to go where the pain is, if you have an answer," Conrades said. Akamai exited 2000 with nearly $387 million in cash and securities on its balance sheet, down from $445 million in the previous quarter. Conrades said he expects Akamai to post a normalized earnings loss of $2.20 to $2.30 a share in 2001. That's better than the consensus Wall Street estimate. Analysts, on average, had expected Akamai to lose $2.50 a share in 2001, according to research firm First Call/Thomson Financial. During the fourth quarter, Akamai said it lost $58.9 million, or 61 cents a share, before special items compared with losing $55.7 million, or 60 cents a share, in the preceding quarter. Analysts, on average, had expected Akamai to lose 68 cents a share, according to First Call/Thomson Financial. Conrades said he expects that Akamai's 2001 cash-earning losses, before interest, taxes, depreciation and amortization, to drop to as low as $140 million, compared with previous forecasts of as much as $170 million. Before its earnings were released, shares of Akamai closed up $3-1/4, or 10 percent, to $35-3/8 on Nasdaq, well below their year-high of $305-15/16.