SOURCE: The Bedford Report

The Bedford Report

February 10, 2011 08:46 ET

Streaming Technology Continues to Gain Popularity

The Bedford Report Provides Analyst Research on Level 3 Communications & Akamai Technologies

NEW YORK, NY--(Marketwire - February 10, 2011) - As the internet world continues to grow, the so-called "streaming" industry has garnered significant notoriety in the technology sector. A shift in demand to the data segment of diversified communications companies has taken place. Large companies are exceeding their data capacities, and the need for a third party 'host' has become necessary. The Bedford Report examines the outlook for companies in the Technology Sector and provides research reports on Level 3 Communications, Inc. (NASDAQ: LVLT) and Akamai Technologies, Inc. (NASDAQ: AKAM). Access to the full company reports can be found at:

In early February, Level 3 reported it lost $52 million, or 3 cents per share, in the last three months of 2010. That compares with a loss of $182 million, or 11 cents per share, in the year earlier period. Shares of LVLT plummeted after the earnings announcement as the company forecast negative free cash flow for fiscal 2011.

Yesterday Akamai Technologies posted a 32% jump in fourth quarter profit. The company earned $52.5 million, or 27 cents a share in the quarter, up from $39.7 million, or 21 cents a share, in the same quarter a year ago.

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Competition is fierce is the content delivery sector and both Level 3 and Akamai have signed significant deals in recent months. Level 3 won a prestigious contract to provide video- streaming and storage services to the popular online movie rental company, Netflix.

Akamai, meanwhile, announced that its Dynamic Site Accelerator and Media Delivery solutions have been selected by Diesel, the international lifestyle brand.

The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at

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