Akamai and Cable & Wireless Reach Settlement Agreement to Resolve Several Patent Infringement Suits.Business Editors/High-Tech Writers CAMBRIDGE, Mass.--(BUSINESS WIRE)--Nov. 7, 2003 Akamai Technologies, 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 ) announced today that, under the terms of a new agreement, Cable and Wireless Internet Services, Inc. (CWIS (Campus Wide Information System) An information retrieval system used in colleges and universities before the Web became popular. Students and faculty would Telnet to a CWIS location to find course catalogs and schedules, job openings and the like. ) has agreed to dismiss lawsuits against Akamai in Boston, San Francisco and London alleging that Akamai's EdgeSuite(R) services infringe several different CWIS patents. Akamai did not admit liability or make any payments in connection with these dismissals. As part of the settlement, Akamai agreed to dismiss several lawsuits that it had brought against CWIS. In addition, Akamai and CWIS have agreed not to sue each other for a period of five years with respect to the patents and their respective service offerings that had been at issue in these cases. This agreement does not impact Akamai's existing damages suit against CWIS in connection with U.S. Patent No. 6,108,703. In 2001, a jury in Boston found CWIS was infringing that patent. Akamai will continue to press that case separately to try to obtain compensation for past infringement, and a damages trial in connection with that suit is expected next year. "We are pleased that these 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. cases against our EdgeSuite service offering will be dismissed," said Melanie Haratunian, Akamai General Counsel. "Independently, we will continue to pursue our damages claim." About Akamai Akamai(R) - The Business Internet, is the world's largest on demand distributed computing platform for conducting profitable e-business. Overcoming the inherent limitations of the Internet, Akamai's services ensure a high-performing, scalable, and secure environment for organizations to cost effectively extend and control their e-business infrastructure. Headquartered in Cambridge, Massachusetts, Akamai's industry-leading services, matched with world-class customer care, are used by hundreds of today's most successful enterprises and government agencies around the globe. For more information, 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, an unexpected termination of the settlement agreement 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. , quarterly reports on Form 10-Q Form 10-Q See 10-Q. , and other documents periodically filed with the SEC. |
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