Akamai Not Affected by Latest Cable & Wireless Patent Suit.Business/Technology Editors 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. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : AKAM AKAM Akamai Technologies, Inc. (stock abbreviation) AKAM Automated Key Access Machine ) today confirmed that the company is the target of a new patent infringement patent infringement n. the manufacture and/or use of an invention or improvement for which someone else owns a patent issued by the government, without obtaining permission of the owner of the patent by contract, license or waiver. suit filed by Cable & Wireless, PLC in federal court in Boston, but Akamai maintains the matter is irrelevant to the company's operations. "We are aware of the details of a new patent issued to Cable & Wireless, and it is just another version of the same so-called `fingerprinting' technology that a jury previously determined Akamai does not infringe," said Paul Sagan, president of Akamai. "We are confident that Akamai does not infringe the new patent. Given the timing of this new suit, it appears that Cable & Wireless decided to act simply to divert attention from the permanent injunction permanent injunction n. a final order of a court that a person or entity refrain from certain activities permanently or take certain actions (usually to correct a nuisance) until completed. that is expected to be issued against them this summer, by the federal district court, as a result of a jury finding that Cable & Wireless' Footprint content delivery service infringes Akamai patent rights." Last December, a jury in federal district court found that the Footprint content delivery service, now operated under the Exodus brand as part of Cable and Wireless, and previously operated by Digital Island, infringes Akamai patent rights. The same jury found that the Akamai FreeFlow(SM) content delivery service does not infringe patent rights, now held by Cable and Wireless, that cover only limited ways in which content may be stored and served over a computer network such as the Internet. About Akamai Akamai is a 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 See streaming audio, streaming video and digital media hub. , and application delivery comprises more than 12,600 servers within over 1,000 networks in 66 countries. With headquarters in Cambridge, Massachusetts This article is about the city of Cambridge in Massachusetts. For the English university town, see Cambridge, England. For other places, see Cambridge (disambiguation). Cambridge, Massachusetts is a city in the Greater Boston area of Massachusetts, United States. , Akamai provides services and industry-renowned customer care to hundreds of enterprises worldwide, including dozens of Fortune 500 businesses. 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, 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, our ability to protect our intellectual property rights and inventions from third party challenges, a successful infringement claim against us that impacts our business, and other factors that are discussed in the Company'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. and other documents periodically filed with the SEC. (c)2002 Akamai Technologies, Inc. |
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