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Pacific Crest analyst Michael Bowen questions $AKAM whether all big six platforms are just in the Media segment or they bleed over into other segments. CEO Tom Leighton says that $AKAM would group customers into one, so there will be growth rates, excluding all six Internet platform customers. The big six are with customers that buy Media products.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.