Feeds

Apple, Cisco invest in Net content delivery service

Akamai nets $61.5 million for four and five per cent stakes

  • alert
  • submit to reddit

The Essential Guide to IT Transformation

Apple and Cisco today took minority stakes in Internet content delivery specialist Akamai. Cisco's four per cent stake was bought for $49 million. Apple did rather better it spent $12.5 million in June for a five per cent stake, showing it's rather better at monitoring share-price movements than is the Great Satan of Routers. Akamai maintains 900 servers in 15 countries to provide a backbone service for content companies like CNN and Yahoo! The company's software balances demand across the network and performs other such technical jiggery-pokery to maximise playback performance. Last month, Apple announced its QuickTime TV service -- designed to show-off the Mac maker's QuickTime multimedia and media streaming technology -- would be hosted by Akamai. Cisco's interest in Akamai centres on the latter's technology rather than its bandwidth, and the investment will see elements of that technology being incorporated into Cisco's routers and switches, and that's what really explains why Cisco is paying four times as much as Apple for a smaller stake in the company. ®

The Essential Guide to IT Transformation

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.