Akamai Technologies Inc.
Akamai Technologies Inc.
CAMBRIDGE, Mass. - November 7, 2003 - Akamai Technologies, Inc. (NASDAQ: AKAM) announced today that, under the terms of a new agreement, Cable and Wireless Internet Services, Inc. (CWIS) has agreed to dismiss lawsuits against Akamai in Boston, San Francisco and London alleging that Akamai's EdgeSuite® services infringe several different CWIS patents. Akamai did not admit liability or make any payments in connection with these dismissals. As part of the settlement, Akamai agreed to dismiss several lawsuits that it had brought against CWIS. In addition, Akamai and CWIS have agreed not to sue each other for a period of five years with respect to the patents and their respective service offerings that had been at issue in these cases.
This agreement does not impact Akamai's existing damages suit against CWIS in connection with U.S. Patent No. 6,108,703. In 2001, a jury in Boston found CWIS was infringing that patent. Akamai will continue to press that case separately to try to obtain compensation for past infringement, and a damages trial in connection with that suit is expected next year.
"We are pleased that these patent infringement cases against our EdgeSuite service offering will be dismissed," said Melanie Haratunian, Akamai General Counsel. "Independently, we will continue to pursue our damages claim."
Akamai®—The Business Internet, is the world's largest on demand distributed computing platform for conducting profitable e-business. Overcoming the inherent limitations of the Internet, Akamai's services ensure a high-performing, scalable, and secure environment for organizations to cost effectively extend and control their e-business infrastructure. Headquartered in Cambridge, Massachusetts, Akamai's industry-leading services, matched with world-class customer care, are used by hundreds of today's most successful enterprises and government agencies around the globe. For more information, visit www.akamai.com.
Akamai Statement Under the Private Securities Litigation Reform Act
The release contains information about future expectations, plans and prospects of Akamai's management that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including, but not limited to, an unexpected termination of the settlement agreement and other factors that are discussed in the Company's Annual Report on Form 10-K, quarterly reports on Form 10-Q, and other documents periodically filed with the SEC.