Akami Technologies (AKAM) - Get Akamai Technologies, Inc. Report was up 5.7% in preopen Island trading. After the close Wednesday, the company posted a fourth-quarter loss of 61 cents per share vs. the Street's estimate of 68 cents. The company, whose technology speeds delivery of Web pages, raised estimates for 2001 revenue and said it expects to cut its losses and capital expenditures. Merrill Lynch upgraded it to long-term buy from accumulate, saying the fourth-quarter results lend credibility to the company's optimistic outlook.

TheStreet Recommends