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.

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

To: Bill Harmond who wrote (5612)	3/6/2001 2:45:31 PM
From: Glenn D. Rudolph	Respond to of 57684

I do not either. This all I have: "Morgan Stanley Downgrades Akamai on Concerns About Guidance By Chris Frankie Editorial Assistant 3/6/01 10:56 AM ET Morgan Stanley said Tuesday that it dropped its rating on rating on Akamai Technologies (AKAM:Nasdaq - news) to neutral from outperform. * Today's Market: Stocks Keep Riding Green Wave * What Fed Interest Rate Cuts Have Meant for the Markets * Compaq Call Options Jump on Stock Rally * Sector Watch: Chip Stocks Again Defy Bad News The firm also said it lowered revenue estimates for 2001 and 2002, saying the company is unlikely to gain the new business necessary to meet its current guidance. Akamai, whose technology speeds the delivery of Web pages, reiterated in January that the company's revenue goal for 2001 stood at $240 million. Shares of Akamai, which is based in Cambridge, Mass., gained 19 cents, or 1.4%, to $13.56 in recent Nasdaq trading. Also in January, the company posted a narrower-than-expected loss for the fourth quarter, beating the consensus estimate by 7 cents a share. ------------------------------------------------------------------------ "