Limelight Networks (NASDAQ:LLNW), the relatively newly public content delivery network hasn't gone dark, per se, but weak quarterly results -- and tepid revenue guidance -- got the stock getting shellacked Thursday, with it off more than 30%.
Combine that with the company still under legal pressure over the Akamai (NASDAQ:AKAM) lawsuit and you have a stock that's 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?