-
Akamai Added to S&P 500
Standard & Poor’s said Monday that Akamai Technologies Inc. (AKAM), which provides technology for online content streaming, will replace medical device maker Biomet Inc. in the S&P 500 after the close of trading on Wednesday. Biomet is being acquired and taken private bv a private equity consortium.
In aftermarket trading, shares of Akamai added $2.04, or 4.3 percent, to $49.57. Shares of companies added to the S&P 500 typically see a short-term benefit to their share price, as their inclusion triggers share purchases by index funds that seek to replicate the movements of leading indices like the S&P 500.
About Rich Miller
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.
Featured Cloud Articles
Building A Cloud-Savvy Model for TCO and ROI
Tools that most IT teams use to evaluate TCO and ROI are inadequate for application to the cloud.
How Storage is Shaping The Cloud Data Center
As cloud computing and virtualization continue to evolve, new demands are placed on storage and vendors are adapting to new IT trends.
Featured Modular Articles
Bringing Colo to the Customer: Modular Gets Local
IO has created a modular data center for LexisNexis within a short drive of the company’s global headquarters in Dayton, Ohio.
Microsoft’s $1 Billion Data Center
With its latest expansion, Microsoft’s investment in its data center campus in southern Virginia has reached $997 million – and that’s minus the cost of a roof.
July 10th, 2007