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Shares of Akamai (AKAM) shoot 12% higher after it snaps up rival Cotendo. Another...

Shares of Akamai (AKAM) shoot 12% higher after it snaps up rival Cotendo. Another content-delivery company, Limelight (LLNW +7.3%), is also soaring on the news.
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Comments (1)
  • industryguy
    , contributor
    Comment (1) | Send Message
     
    Why would LLNW shoot up when it was a competitor who made the acquisition? Why the drag-along? Can investors tell the difference between what is good for a company and good for an industry?
    22 Dec 2011, 05:18 PM Reply Like
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