BestBuy.com Chooses Akamai EdgeSuite for Infrastructure Needs; Akamai to Enhance Dynamic Content Delivery, Simplify Infrastructure Requirements for BestBuy.com.Business/Technology Editors CAMBRIDGE, Mass.--(BUSINESS WIRE)--June 11, 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. (Nasdaq: AKAM AKAM Akamai Technologies, Inc. (stock abbreviation) AKAM Automated Key Access Machine ), the leading provider of distributed application An application made up of distinct components running in separate runtime environments, usually on different platforms connected via a network. Typical distributed applications and content delivery services See CDN. , today announced that BestBuy.com(TM), Inc. (BestBuy.com), a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Best Buy Co., Inc. (NYSE NYSE See: New York Stock Exchange : BBY BBY Best Buy (stock symbol) BBY Before Battle of Yavin (Star Wars) BBY BeBeyond (Chinese online community) ), has chosen the Akamai EdgeSuite(SM) service to cost-effectively deliver its mission-critical Web content from the Internet's edge to maximize its customers' online experience. In addition to its more than 400 retail stores nationwide, Best Buy has established a strong Web presence for the provision of its broad range of consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and as well as interactive, online learning courses on computer and digital technology products. By implementing the Akamai EdgeSuite service, BestBuy.com will be able to measurably enhance the performance and availability of its Web site, including the reliable delivery of dynamically generated content. In addition, the EdgeSuite service will enable BestBuy.com to simplify its front-end infrastructure by off-loading traffic to Akamai's globally distributed network and reducing utilization of its back-end servers. "A large majority of our Web site is created with dynamic content," said Tom Mundt, director of Systems Operations, BestBuy.com. "The Akamai EdgeSuite service will enable us to more effectively cache that dynamic content on the edge of the Internet, thus reducing the response time for our customers and allowing us to scale back our front-end infrastructure." The Akamai EdgeSuite service is an integrated set of functionalities designed to reduce Internet infrastructure costs and complexities by extending the performance, scalability, and reliability benefits of content delivery across an entire Web site. Akamai EdgeSuite enables the generation and delivery of dynamic content by constructing Web pages from component pieces that can be targeted and delivered from locations optimized for each end user. In addition to these benefits, the massive scalability of the Akamai network will allow for BestBuy.com's future online expansion without requiring additional equipment and costly build-out. "We're thrilled to have further validation for EdgeSuite from a growing Internet authority like BestBuy.com, which places the utmost level of importance on its online brand," said Mike Campbell For other persons named Mike Campbell, see Mike Campbell (disambiguation). Michael (Mike) Wayne Campbell (born February 1 1950 in Panama City, Florida in the U.S.) is a guitarist and record producer, best known for his work with Tom Petty. , vice president of sales, Akamai. "We look forward to working with BestBuy.com to minimize its infrastructure costs while providing greater performance and reliability at the Internet's edge." About Best Buy Minneapolis-based Best Buy Co., Inc. (NYSE: BBY) is the nation's number one specialty retailer of consumer electronics, personal computers, entertainment software and appliances. The Company operates retail stores and commercial web sites under the names: Best Buy (BestBuy.com), Magnolia Hi-Fi (MagnoliaHiFi.com), Media Play (MediaPlay.com), On Cue (OnCue.com), Sam Goody (SamGoody.com), and Suncoast (Suncoast.com). The Company reaches consumers through more than 1,700 retail stores nationwide, in Puerto Rico and in the U.S. Virgin Islands. About Akamai Akamai is the leading provider of distributed application and content delivery services. These services 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 9,700 servers within 650 networks in 56 countries. With headquarters in Cambridge, Massachusetts, Akamai provides services to more than 1,400 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, 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 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. |
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