Akamai Gets Atomic in Street Debut - TheStreet

Akamai Gets Atomic in Street Debut

Shares of the Internet company were lately up over 400%.
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Yet another Internet company has climbed aboard the IPO rocket ship and taken off for an unknown destination.

Shares of

Akamai

(AKAM) - Get Report

made their much-anticipated debut today, and the results so far have been astounding. The company, which provides content distribution over the Internet, was up an astounding 105 points, or 400%, at 131 soon after it began trading.

TheStreet.com

took a look at Akamai back in

September.

And the stock was giving another Net highflier with a similar business some positive reinforcement. Shares of

Digital Island

(ISLD)

, which have soared since the company said earlier this week that it would buy privately held

Sandpiper Networks

, were up another 12 1/2, or 21%, at 70 11/16 today.

One stock that has not benefited from Akamai's newfound presence on Wall Street is

Inktomi

(INKT)

. Though Inktomi was up 4 1/2, or 4.7%, at 101 1/16 today, it has fallen roughly 20% since it reported earnings last week and has recently been

downgraded by

Merrill Lynch

. Akamai is viewed by some as a threat to Inktomi.

Earnings remained the other focus in the market today, with many of the big moves coming in stocks that reported their quarterly results on Thursday.

Among the stocks that have benefited from solid numbers are

Go2Net

(GNET)

and

InfoSpace.com

(INSP) - Get Report

, after both bested their quarterly consensus estimates yesterday. Go2Net was up 10 3/8, or 18%, at 69 1/2, while InfoSpace was up 7, or 14%, at 57.

But on the downside are

eToys

(ETYS)

, off 8 5/8, or 12%, at 62, and

priceline.com

(PCLN)

, down 6, or 8.9%, at 61 7/8.

eToys has been hurt by concerns that it will need to increase its marketing expenditures during the holiday season due to heavy competition. priceline has suffered after the company said it expects fourth-quarter revenue will be roughly

flat with its third-quarter number.

TSC

tipped readers off to the potential holiday sluggishness back in

September.

Finally,

Network Solutions

(NSOL)

, which reported its results yesterday, was up 14 1/4, or 14%, at 116 1/2 after rising roughly 9% yesterday.