A quick post to start on Patrick McEnroe's decision to vacate his Davis Cup duties. This has been in the ether for a while. Unlike Mardy Fish, P-Mac has an awfully full plate these days, plus a wife and brood of young kids.
A decade ago Akamai was not much more than a handful of scientists at MIT trying to come up with an approach that would rid the Internet of congestion. The only glitch was that in 1998 there wasn't any congestion on the Internet. Today, of course, it all makes sense. The Internet is getting jammed as more people conduct their business, find information, or simply get entertained online. The Akamai team's foresight and the solutions they have concocted are now a business that booked $636 million in sales in 2007, with a profit just north of $100 million. The company, based in Cambridge, Mass., was No. 48 on our 2007 list of fastest-growing companies and is projected to break $1 billion in revenue in 2009. Not bad for an outfit that solved a problem nobody knew we had.
Each week, it seems, brings fresh protestations that the sky is falling on the U.S. capital markets. Nobody wants to list on U.S. exchanges anymore, goes the argument, because Sarbanes-Oxley has poisoned the well, because the U.S. regulatory climate is too onerous, because selling out is a far more favorable alternative than the tedium of going public.