Akamai Chairman and CEO to Speak Today At Credit Suisse First Boston Technology Conference; Fourth Quarter Financial Guidance to be Reaffirmed.Business/Technology Editors CAMBRIDGE, Mass.--(BUSINESS WIRE)--Nov. 28, 2001 Akamai Technologies Akamai Technologies, Inc. (NASDAQ: AKAM) is a company that provides a distributed computing platform for global Internet content and application delivery, headquartered in Cambridge, Massachusetts. , Inc. Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. George Conrades will discuss enterprise demand for Akamai's services and reaffirm the company's fourth quarter financial guidance today at the Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. annual technology conference. Akamai (Nasdaq: AKAM AKAM Akamai Technologies, Inc. (stock abbreviation) AKAM Automated Key Access Machine ) is the leading provider of secure, outsourced e-business infrastructure services and software. "Based upon continued strong demand for our services led by our flagship EdgeSuite(SM) service, and despite the challenging macro economic sales environment, we expect that revenue in the current quarter will be in the previously-estimated range of $34-36 million, and normalized earnings Normalized Earnings 1. Earnings adjusted for cyclical ups and downs in the economy. 2. On the balance sheet, earnings adjusted to remove unusual or one-time influences. Notes: An example would be removing a land sale in which a large capital gain was realized. per share are expected to be a loss of 38-40 cents or less, which continues our strong performance on the bottom line, and is consistent with our fully-funded business plan," Conrades said. "We are pleased with the sales momentum we're seeing in the enterprise market for EdgeSuite, a service that makes it easier and less expensive for businesses to deploy and use Web-based applications." The Credit Suisse First Boston annual technology conference is being held in Scottsdale, Arizona, and more information is available at http://www.csfb.com/conferences. About Akamai Akamai is the leading provider of secure, outsourced e-business infrastructure services and software. These services and software enable companies to reduce the complexity and cost of deploying and operating a uniform Web infrastructure while ensuring unmatched performance, reliability, scalability and manageability. Akamai's services give businesses a distinct competitive advantage and provide an unparalleled Internet experience for their customers. Akamai's intelligent edge platform for content, streaming media, and application delivery comprises more than 13,000 servers within over 1,000 networks in 63 countries. With headquarters in Cambridge, Massachusetts, Akamai provides services to hundreds of companies worldwide. For information on Delivering a Better Internet(SM), visit www.akamai.com. Akamai Statement Under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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, general economic conditions, the dependence on Akamai's Internet content delivery service and technology products, any inability of the company's services to meet the needs of our customers, a failure of Akamai's network infrastructure, and other factors that are discussed in the Akamai's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , quarterly reports on Form 10-Q Form 10-Q See 10-Q. , and other documents periodically filed with the SEC. |
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