Friday, March 13, 2009

Tier 1 Research on Internap

Tier 1 Research Daily Newsletter headlines:

>>T1R Insight: Turning around Internap CDN business doesn't get easier in '09

Internap has struggled with its CDN business since acquiring it from VitalStream in 2007. Having already written down the value of its acquisition earlier this year, there was optimism that the CDN line of business would show some signs of improvement since other CDNs were doing well during the fourth .....

>>Internap tumbles in Q4 with revenue slide

-Internap quarterly revenue fell 1.8% to $64.2m, driven by lower CDN and Internet transit revenue. -Datacenter services remain a bright spot for the firm with an increase in revenue from $28.7m to $29.2m. -Outgoing CEO Jim DeBlasio gave a heartfelt defense of his own performance, which saw some early successes, but was .....

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