Akamai Technologies’ security ambitions might feed an appetite for acquisitions. So say analysts in the wake of Akamai (AKAM) closing its biggest security-related acquisition so far. Its $370 million, all-cash purchase of Prolexic, a specialist in protecting websites from cyberattacks, closed on Feb. 18. Cambridge, Mass.-based Akamai is the biggest provider of content delivery network, or CDN, services to media and entertainment companies.
Fueled by stronger-than-expected PC sales, Hewlett-Packard on Thursday posted first-quarter results that beat analyst estimates. However, its current-quarter earnings guidance lagged Wall Street expectations. The Q1 results were a positive sign for the global computer products company, which is slogging through a five-year restructuring effort launched in May 2012. Hewlett-Packard (HPQ) is trying to build up its enterprise, software and other
The “whaaaat?” turned to the “why?” and analysts and investors mostly endorsed Facebook’s proposed acquisition of messaging app WhatsApp for the mind-boggling price of up to $19 billion. One factor supporting the price is that WhatsApp has the potential to work on almost any mobile handset, from a cheap feature phone in India to a top-line iPhone in Silicon Valley. The WhatsApp mobile software was designed using a programming language called