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03-03-2008, 04:12 PM
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Confirmed User
Join Date: Oct 2006
Location: Phoenix
Posts: 1,685
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limelight cdn hit by 45mil judgement against it by akamai
Akamai Prevails In Court Over Limelight; $45 Million Award; Limelight
Akamai (NasdaqGS: AKAM - News) has won the latest round in its longstanding patent infringement case against rival CDN Limelight (NasdaqGM: LLNW - News). In a statement, the company said that a Boston jury found that Limelight had infringed on four of its patents, and it said the company would have to pay a $45 million penalty. Akamai says it will ask the court to issue a permanent injunction on Limelight's use of the patents. Limelight, which has had nothing go right for it since coming public last year, is off over 35 percent on the news and is now down over 80 percent from its 52-week highs. Akamai is currently up over 7 percent. http://biz.yahoo.com/paidcontent/080...0_id.html?.v=2 wouldnt want to be a limelight client right now 
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