Akamai insiders bought shares - SEC filings
February 06, 2003 3:50:00 PM ET
WASHINGTON, Feb 6 (Reuters) - Insiders at Akamai Technologies Inc. (AKAM) have been snapping up shares of the Web content delivery company, according to regulatory filings released on Thursday.
Chairman and Chief Executive George Conrades bought 14,667 shares and now holds about 5 million, while chief scientist Thomson Leighton acquired 229,333 shares to raise his total to 7.6 million shares, according to Securities and Exchange Commission filings.
Frederic Salerno, a board director, bought 75,000 shares and holds that same amount.
All of them bought the stock for $1.31 each and executed the transactions on the same day, Feb. 3. That was a few days after Akamai reported posting a smaller fourth-quarter loss as revenue was flat with the prior quarter but down from a year ago.
A spokesman for the Cambridge, Massachusetts-based company did not immediately know why the insiders made the purchases. Akamai has more than 116 million shares outstanding as of early November.
Its shares were up 5.56 percent, or 7 cents, to $1.33 in afternoon trading on Nasdaq. REUTERS
� 2003 Reuters
So far I haven't seen a long ask you questions about AKAM. And you claim you are so knowledgeable about AKAM and could see their downfall at 50 and you still are pessimistic about AKAM, so what exactly are you learning from shorts?
I believe that I read or heard(back in late 01 or early 02) that a lot of dumping was being done by Levin's family after the tragedy. I also, got a feeling that they stopped. Additionally, I believe it was Levin who was behind that investment fiasco dicussion posted earlier by DTW.
Check it out!
"I just can't stand the TEALGTP FAMILY OF POSTERS. Liberal and foolishly bullish."
there are more folks who don't like you
Ps. How many times did you kick the cat?
Waning to others:
Daytraderwon is pathetical liar
Claims he has no position in Akamai
Yet posts dozens of posts putting down others
And any posted news which treats his short position
He has no credibility.