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August 9, 2007

Limelight Goes Dark

Limelight Networks, the relatively newly public content delivery network hasn't gone dark, per se, but weak quarterly results -- and tepid revenue guidance -- have the stock getting shellacked today, with it off more than 30%. Combine that with the company still under legal pressure over the Akamai lawsuit and you have a stock that seeing lower levels.

Somewhere in here, however, I think there is a worthwhile speculative bet. Limelight has a relatively concentrated list of interesting customers, and its business, while still in the $105m annual range, is large enough to be interestingly accretive to another player. When does it become a takeover candidate? Does it require the Akamai IP suit to be resolved? Other?

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