Akamai to Join NASDAQ-100 Index
Posted on: Wednesday, 12 April 2006, 12:00 CDT
Akamai Technologies, Inc. (NASDAQ: AKAM), the leading global service provider for accelerating content and business processes online, today announced the Company will be added to the NASDAQ-100 Index(R) effective prior to the market open on April 20, 2006. Akamai's common shares will also be included in the NASDAQ-100 Index Tracking Stock(SM) (NASDAQ: QQQQ).
"We are honored to be a part of the prestigious NASDAQ-100 Index," said Paul Sagan, Akamai President and CEO. "Akamai is helping to define how business is done online by introducing break-through technologies and innovative services. Our success comes from our employees' dedication to making the Internet more reliable, more scalable, and more secure for enterprise customers that rely on the Internet to support mission-critical applications and processes."
The NASDAQ-100 Index, launched in 1985, represents the largest, non-financial companies listed on The NASDAQ Stock Market based on market capitalization. Index securities are ranked by market value and evaluated annually to determine which securities will be included. The NASDAQ-100 Index Tracking Stock represents ownership in the NASDAQ-100 Trust and is designed to provide investment results that generally correspond to the price and yield of the NASDAQ-100 Index.
About Akamai
Akamai(R) is the leading global service provider for accelerating content and business processes online. More than 1,900 organizations have formed trusted relationships with Akamai, improving their revenue and reducing costs by maximizing the performance of their online businesses. Leveraging the Akamai EdgePlatform, these organizations gain business advantage today, and have the foundation for the emerging Web solutions of tomorrow. Akamai is "The Trusted Choice for Online Business." For more information, visit www.akamai.com.
Akamai Statement Under the Private Securities Litigation Reform Act
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 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, stock price volatility, declines in market capitalization and other factors that are discussed in the Company's Annual Report on Form 10-K, quarterly reports on Form 10-Q, and other documents periodically filed with the SEC.
Source: Business Wire
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