Limelight Networks (LLNW) signs deal with Microsoft (MSFT)

While terms of the deal were not announced, Limelight Networks, a very small holding in the fund, signed a deal with Microsoft which can only be good for business. Competitor Akamai (AKAM) which I just added to yesterday is down nearly 3% of the news. Great timing eh?

I am selling down the small position in Limelight Networks I have. The last earnings report was just that poor and with the stock up to near $10 from a low $7ish, I will use the pop to reduce exposure. I only have a few hundred shares of LLNW left and I will re-evaluate it pending the next earnings report and guidance. Until then, it will just be a place holder type of position.

With that said, I wish I had bought LLNW for $7 last week in my personal account! :)

No position