The announcement of huge data center projects by Microsoft and Google helped boost the share prices of other data center service providers in Friday’s market action. Shares of Internap (INAP) gained 8.8 percent, adding $1.46 to close at $18.06. Equinix (EQIX) surged $3.47 to 83.01, a gain of 4.3 percent, and Akamai (AKAM) rose 2.4 percent as it improved by $1.26 to $54.10.
On Thursday Microsoft confirmed plans for a $550 million
data center project in San Antonio [1], while Google announced a $600 million
facility in Lenoir, North Carolina [2]. Shares of Equinix were also helped by a bullish forecast from RBC Capital Markets analyst Jonathan Atkin, who initiated coverage with an “Outperform” rating on the stock, saying could benefit from a favorable pricing environment coupled with increased demand for its services.
Rich Miller is the founder and editor-in-chief of Data Center Knowledge, and has been reporting on the data center sector since 2000. He has tracked the growing impact of high-density computing on the power and cooling of data centers, and the resulting push for improved energy efficiency in these facilities.
Article printed from Data Center Knowledge: http://www.datacenterknowledge.com
URL to article: http://www.datacenterknowledge.com/archives/2007/01/21/google-news-boosts-data-center-stocks/
URLs in this post:
[1] data center project in San Antonio: http://www.datacenterknowledge.com/archives/2007/Jan/19/microsoft_confirms_huge_san_antonio_center.html
[2] facility in Lenoir, North Carolina: http://www.datacenterknowledge.com/archives/2007/Jan/19/google_picks_nc_for_600m_data_center.html
[3] Rich Miller: http://www.datacenterknowledge.com/archives/author/richm/
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