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To: Mark Fowler who wrote (117908)2/16/2001 2:19:08 PM
From: H James Morris  Read Replies (1) | Respond to of 164684
 
>2/15/01 6:18 PM ET

Yahoo! (YHOO:Nasdaq - news) investors may be asking, Who let the top dogs out?

The exit of Yahoo!'s top European executive, announced Thursday, is the latest in a series of high-level executive departures that have dogged the company over the past year.

Though the turnover doesn't appear alarming, and though other key executives are still in place, the changes add another dimension to the ongoing challenge facing Yahoo!: Building its revenue base and shoring up profits in a weakening market for the online advertising that is a cornerstone of the Internet company's business.

In addition, the 86% decline of Yahoo!'s shares since the beginning of 2000 points up the challenge of holding on to old employees amid the falling value of stock options, and attracting new employees in an era in which equity-based compensation no longer has a lottery-jackpot type of glow.

On Thursday, Yahoo!'s shares rose $2.81 to close at $31.31. In a note issued Thursday morning, Merrill Lynch Internet analyst Henry Blodget reiterated Yahoo!, AOL Time Warner (AOL:NYSE - news) and Homestore.com (HOMS:Nasdaq - news) as top picks. Blodget said he was encouraged by ad-industry reports that Yahoo! and Microsoft (MSFT:Nasdaq - news) had become more attentive to the needs of the advertisers who are their customers.

Leaving Yahoo! Europe, it was announced early Thursday, is Fabiola Arredondo, who joined the unit in 1997. In 2000, European operations amounted to $113.6 million of Yahoo!'s $1.1 billion in revenue, or a majority of the roughly $166 million in revenue that Yahoo! gets from its non-U.S. operations, excluding its minority interest in Yahoo! Japan.

Last year saw the departures of Tony Surtees, general manager of Yahoo!'s commerce group, and Chief Financial Officer Gary Valenzuela, who executed an orderly retirement in June.

"Those three were unrelated events for unrelated, personal reasons," says a Yahoo! spokeswoman. "On a global basis, there's a lot of depth and breadth to our management organization," she says, adding that the company is committed to increasing its "bench strength."



To: Mark Fowler who wrote (117908)2/16/2001 3:02:59 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
ITworld.com Chooses Akamai for Live Webcast Management; Leading Enterprise IT Resource Upgrades to Akamai Forum
BUSINESS WIRE - February 14, 2001 06:32
SOUTHBOROUGH, Mass. and CAMBRIDGE, Mass., Feb 14, 2001 (BUSINESS WIRE) -- ITworld.com, a business unit of IDG, and Akamai Technologies, Inc. (Nasdaq: AKAM), the leading Content Delivery Service Provider (CDSP), today announced ITworld.com's selection of the Akamai Forum(SM) service to power its live webcasts. Akamai Forum, an interactive webcasting system, will provide end-to-end functionality to cost-effectively create and manage ITworld.com's live webcasts, and their subsequent delivery on-demand, to enhance the quality and reliability of those programs.

"Our audience is comprised of IT professionals with high-speed Internet connections and a continual thirst for knowledge about the industry," said Rich Mikita, senior vice president, Strategic Operations, ITworld.com. "Akamai Forum will allow us to meet our growing audience demand for editorial and vendor webcasts by improving the availability and reliability of our broadband programming."

ITworld.com's comprehensive Web site for enterprise IT professionals includes various webcast series that leverage today's broadband advancements, providing best technology practices and tutorials, expert commentary, and innovative approaches to IT challenges. The combination of Akamai's advanced streaming applications and its expansive, intelligent content delivery network provides a highly reliable platform upon which ITworld.com can deliver timely, informative content with solid performance. In addition, Akamai Forum's registration and reporting capabilities directly fulfill ITworld.com's requirements for Web-based lead generation programs.

"ITworld.com is a valuable information resource for the IT community and we're excited about the choice of Akamai Forum as a means for managing and delivering compelling, interactive webcasts," said Mike Campbell, vice president of sales, Akamai. "We look forward to supporting ITworld.com in its continuing efforts to leverage broadband content delivery for high-performance webcasting."

Akamai Forum is a complete event management system that offers studio-quality and highly flexible production capabilities for streaming webcasts, while enabling content providers to reduce infrastructure costs by outsourcing these services to Akamai. Akamai Forum accommodates a broad range of signal acquisition and production options, and includes robust functionality such as one-to-many interactivity in the form of viewer question submission, viewer polls, and surveys. Audience management features include standard or customizable registration, automated e-mail confirmation and reminders, detailed attendance reporting, live audience profiling, and live and on-demand viewing capabilities.

In addition to Akamai Forum, ITworld.com also uses the Akamai FreeFlow(SM) content delivery service, which improves Web site speed, performance, and reliability by delivering rich Web content from Akamai's globally distributed network.

About Akamai

Akamai is the leading Content Delivery Service Provider, serving over 3,600 customers worldwide. Akamai has the broadest deployment of servers for content, streaming media, and applications delivery with more than 8,000 servers in 55 countries directly connected within 473 different telecommunications networks.

About ITworld.com

By bringing together the deepest and most-trusted IT content and integrating it with a dynamic Web-navigation framework, ITworld.com has become the premier Web resource for enterprise IT professionals. ITworld.com delivers award-winning, unique editorial, an impressive array of news, webcasts, services, and information relating to all areas of technology -- as well as content from IDG's powerhouse enterprise IT publishers: CIO, Computerworld, InfoWorld, and Network World. Ranked among the top ten Internet media properties by Advertising Age's BtoB, and named a "Hot Site" by USA Today, ITworld.com's family of sites includes ITcareers.com, JavaWorld, LinuxWorld.com, and UNIX Insider. Pioneering the next generation of IT information delivery -- for our audience; for our advertisers - ITworld.com is "changing the way you view IT."(TM) For more information, see itworld.com.

ITworld.com is a business unit of IDG, the world's leading IT media, research and exposition company. IDG publishes more than 300 magazines and newspapers and 4,000 book titles. IDG is also a leading producer of 168 computer-related expositions worldwide, and provides IT market analysis through 51 offices in 43 countries.

Akamai Statement Under the Private Securities Litigation Reform Act

The release contains information about future expectations, plans and prospects of Akamai's management that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including, but not limited to, the dependence on Akamai's Internet content delivery service, a failure of its network infrastructure, the complexity of its service and the networks on which the service is deployed, the failure to obtain access to transmission capacity and other factors that are discussed in the Company's Annual Report on Form 10-K and other documents periodically filed with the SEC.

CONTACT: ITworld.com Cheryl Rocheleau 508-303-9761 cheryl_rocheleau@itworld.com or Akamai Technologies, Inc. Felicia Spagnoli 617-613-2525 spagnoli@akamai.com

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