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Friday’s ETF To Watch: Internet Infrastructure HOLDR

By: ETFdb
Although the stock market has improved in 2011 despite all the turmoil, some sectors of the economy still remain well off of their highs. One corner of the market where this has happened is the internet infrastructure space where most are still fighting to hit the levels they saw in late December. One of the most important firms in this space is Akamai Technologies (AKAM) which reported earnings late Wednesday afternoon. Although they managed to beat earnings, AKAM posted less than impressive guidance casuing the stock to tumble by more than 15% on the day and calling into question any recovery in the space and further highlighting just how intense the competition has become. Thanks to this report, investors will likely pay special attention to one of the few pure internet infrastructre firms in the space that is larger than AKAM, Verisign, which gave their quarterly report last night after [...] Click here to read the original article on ETFdb.com. Related Posts: Top Ten Equity ETFs Of 2010 Internet ETFs: Five Ways To Play Could Legal Troubles At VeriSign Doom IIH? What Correction? Five Equity ETFs That Held Their Ground In May Five Facts About HOLDRS Every ETF Investor Must Know
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