Akamai, a leading content distribution network, saw its stock jump almost 6 percent to about $23.97 a share today, leading to speculation by some blogs that the company might be takeover bait. Prompting this talk is the company’s market capitalization of around $4 billion.
The whole fracas today is nothing more than a tempest in a teapot, and I am not putting much credence to this talk. Why? First, the stock has already started to come down. Secondly, today’s trading volume isn’t too different from an average daily volume of Akamai stock trading.
More importantly, Akamai has come through a really rough patch and is starting to move in the upward direction. The company management is loathe to sell and more acquisitive in nature. If you follow the industry long enough, like I have, then you know that there is a rumor a week when it comes to Akamai and Limelight Networks. The whole thing feels like one big circle jerk.
Regardless, this chatter brings up t...
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Weekend Reading: TV vs the WebFrom: feeds.feedburner.com
Post Date: 2006-12-08 12:31:59
Need some big-thinking reading material to catch up on the TV vs. the Web debate? Here’s a couple good primers, starting off with Steve Rubel on How TV Will Become the Ultimate Open Content Platform .
Talking about how the ‘Net will affect TV, Rubel says:
This is going to be one of the most important media trends over the next five years. The rapid pace of change will not only turn TV into an open content platform, but it will radically shift how advertising dollars are ...
more Brightcove Adds User-gen UploadsFrom: feeds.feedburner.com
Post Date: 2006-12-08 11:27:44
Brightcove this week announced the beta release of a feature that lets Brightcove users accept user-generated videos. Theoretically, this means anyone using Brightcove to host their video site could become a mini- YouTube , albeit with editorial control over submissions.
We haven’t played with the code yet, but according to an email sent to Brightcove users, the feature will accept uploads in a wide range of formats (3GP, AVI, DV, QuickTime, WMV and MPEG2 and 4, among o...
more Move Networks Gets $11M for Streaming VideoFrom: feeds.feedburner.com
Post Date: 2006-12-08 10:22:07
Move Networks , which sells a streaming video platform, has raised $11.3 million of a $12.17 million Series B round, PE Week discovered in a regulatory filing. American Fork, Utah-based Move promises broadcast-quality streaming, with PVR-style navigation, video embedding tools, and detailed reporting on viewers’ usage. The company powers on-demand programming at MySpace. It is currently Windows-only. Investors in the round (and perhaps the previous round) include Hummer Winbl...
more France 24 Pops the CorkFrom: feeds.feedburner.com
Post Date: 2006-12-08 07:29:30
Satellite-based TV network France 24 (pronounced “Fronce Van-Cat”) debuted last night with a party on the Champs Elysees. The International Herald Tribune’s Doreen Carvajal was less than impressed with the softballs tossed to Jacques Chirac by France 24 President Alain de Pouzihlac in the network’s premiere interview.
The brief saluatory interview was not conducted by one of the international channel’s newly hired reporters lured away from ...
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