Akamai Provides Detail on First Quarter Loss Per Share.Business Editors CAMBRIDGE, Mass.--(BUSINESS WIRE)--April 24, 2000 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 reported first quarter net loss per share of $0.47 including $2.189 million of equity-related compensation expense and $9.0 million of amortization of goodwill expense. Excluding the equity-related compensation and amortization of goodwill items, Akamai's net loss per share was $0.32. The net loss per share of $0.32 compares on the same basis to the First Call analyst consensus estimate of net loss per share of $0.40. Each analyst listed by First Call confirmed that their estimate also excluded equity-related compensation and amortization of goodwill. About Akamai Akamai is the foremost provider of distributed content, streaming media See streaming audio, streaming video and digital media hub. , and applications delivery services. Following the April 20 acquisition of Intervu, the company serves over 1000 customers. Akamai has deployed the broadest global network for content, streaming media, and applications delivery with more than 3000 servers in over 45 countries directly connected to more than 160 different telecommunications networks. Akamai (pronounced AH kuh my) is Hawaiian for intelligent, clever and cool. The release contains information about future expectations, plans and prospects of Akamai's management that constitute forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 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 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, market acceptance of our EdgeAdvantage service, 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 Registration Statement on Form S-1 and other documents periodically filed with the SEC. |
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