Epoch Partners Issues Research Note on Akamai Technologies

Research Note Discusses Revised Guidance



Apr 05, 2001, 01:00 ET from Epoch Partners, Inc.

    SAN FRANCISCO, April 5 /PRNewswire/ -- Epoch Partners today issued a
 Research Note analyzing revised financial guidance from Akamai Technologies
 (Nasdaq:   AKAM). The Research Note, issued today by Mark Langner, Senior
 Analyst for Broadband and IP Data Services, is available for free to investors
 through the Epoch Web site (www.epoch.com). The following are key highlights
 included in the Research Note:
 
     -- We believe Akamai's trimmed forward guidance is reasonable, given our
        assumptions analysis. We are encouraged by the company's continued
        margin improvements.
     -- We believe the market is correct in discounting the future revenue
        contribution from Akamai's new EdgeSuite service, given the early stage
        of the product.
     -- We conclude that AKAM shares are fully valued using a five-year DCF
        analysis of the company's core CDN service, assuming a slow-growth
        environment and no EdgeSuite revenue contribution.
 
     Broadband and IP Data Services Research Coverage
     Investors can visit Epoch's Web site for an in-depth analysis of the
 Broadband and IP Data Services industry and to read research coverage on the
 following public companies in this sector:  360networks, Akamai Technologies,
 Covad Communications, Digital Island, Equinix, Exodus Communications,
 InterNAP, Level 3 Communications, Loudcloud, and StorageNetworks.
     In addition, investors can be added to the Broadband Services email alert
 system, which alerts investors to new research in the Broadband Services
 sector. To be added to this alert system visit
 http://pluto.sparklist.com/scripts/lyris.pl?join=epochbroadbandservices .
 Epoch has also posted video interviews with George Conrades, CEO of Akamai
 Technologies, and Jay Adelson, CTO and co-founder of Equinix. Full research on
 these and other companies under coverage by Epoch is available for free to
 investors at www.epoch.com.
     Epoch Partners is a technology-enabled investment bank focused on
 high-growth companies and electronically connected institutional and
 individual investors.
     The information contained herein is based on sources believed to be
 reliable but is neither all inclusive nor guaranteed by Epoch Partners.
 Opinions, if any, reflect our judgment at this time and are subject to change.
 Epoch Partners does not undertake to advise of changes in its opinion or the
 information. Epoch Partners may perform or seek to perform investment banking
 services for the issuers of securities which are the subject of our Research.
 Most of the companies Epoch Partners follows are emerging growth companies
 whose securities typically involve a higher degree of risk and more volatility
 than the securities of more established companies. The securities discussed in
 the Epoch Partners Research may be unsuitable for investors depending on their
 specific investment objectives and financial situation and needs. No report
 included in the Epoch Partners Research is a recommendation that any
 particular investor should purchase or sell any particular security in any
 amount or at all and is not a solicitation of any offer to purchase or sell
 from or to any particular investor. For additional information that may be
 available on the securities mentioned, please contact Epoch Partners.
 
     Epoch Partners is a member of the National Association of Securities
 Dealers, CRD number 103899.
 
 

SOURCE Epoch Partners, Inc.
    SAN FRANCISCO, April 5 /PRNewswire/ -- Epoch Partners today issued a
 Research Note analyzing revised financial guidance from Akamai Technologies
 (Nasdaq:   AKAM). The Research Note, issued today by Mark Langner, Senior
 Analyst for Broadband and IP Data Services, is available for free to investors
 through the Epoch Web site (www.epoch.com). The following are key highlights
 included in the Research Note:
 
     -- We believe Akamai's trimmed forward guidance is reasonable, given our
        assumptions analysis. We are encouraged by the company's continued
        margin improvements.
     -- We believe the market is correct in discounting the future revenue
        contribution from Akamai's new EdgeSuite service, given the early stage
        of the product.
     -- We conclude that AKAM shares are fully valued using a five-year DCF
        analysis of the company's core CDN service, assuming a slow-growth
        environment and no EdgeSuite revenue contribution.
 
     Broadband and IP Data Services Research Coverage
     Investors can visit Epoch's Web site for an in-depth analysis of the
 Broadband and IP Data Services industry and to read research coverage on the
 following public companies in this sector:  360networks, Akamai Technologies,
 Covad Communications, Digital Island, Equinix, Exodus Communications,
 InterNAP, Level 3 Communications, Loudcloud, and StorageNetworks.
     In addition, investors can be added to the Broadband Services email alert
 system, which alerts investors to new research in the Broadband Services
 sector. To be added to this alert system visit
 http://pluto.sparklist.com/scripts/lyris.pl?join=epochbroadbandservices .
 Epoch has also posted video interviews with George Conrades, CEO of Akamai
 Technologies, and Jay Adelson, CTO and co-founder of Equinix. Full research on
 these and other companies under coverage by Epoch is available for free to
 investors at www.epoch.com.
     Epoch Partners is a technology-enabled investment bank focused on
 high-growth companies and electronically connected institutional and
 individual investors.
     The information contained herein is based on sources believed to be
 reliable but is neither all inclusive nor guaranteed by Epoch Partners.
 Opinions, if any, reflect our judgment at this time and are subject to change.
 Epoch Partners does not undertake to advise of changes in its opinion or the
 information. Epoch Partners may perform or seek to perform investment banking
 services for the issuers of securities which are the subject of our Research.
 Most of the companies Epoch Partners follows are emerging growth companies
 whose securities typically involve a higher degree of risk and more volatility
 than the securities of more established companies. The securities discussed in
 the Epoch Partners Research may be unsuitable for investors depending on their
 specific investment objectives and financial situation and needs. No report
 included in the Epoch Partners Research is a recommendation that any
 particular investor should purchase or sell any particular security in any
 amount or at all and is not a solicitation of any offer to purchase or sell
 from or to any particular investor. For additional information that may be
 available on the securities mentioned, please contact Epoch Partners.
 
     Epoch Partners is a member of the National Association of Securities
 Dealers, CRD number 103899.
 
 SOURCE  Epoch Partners, Inc.