Tech Business Review: Another Yahoo EXIT, Apple’s TRIUMPH

These were Tuesday’s top stories:

Akamai Technologies, Inc. (NASDAQ:AKAM) will likely win a multi-year content delivery network reseller arrangement with AT&T Inc. (NYSE:T) beating out Limelight Networks, Inc. (NASDAQ:LLNW), say sources to Dan Rayburn. It seems that Akamai is guaranteeing a revenue boost of $100 million or more to AT&T, but the smaller Limelight was only willing to promise between $40 million and $50 million.

Don’t Miss: APPLE: The Most Valuable Cream of the Crop in History.

Another significant executive exit has hit Yahoo! (NASDAQ:YHOO) as the United States sales chief Wayne Powers has left the firm to become the president of Parade Publications. This departure did not come as a surprise, but represents the most recent in a series of sales personnel losses for Yahoo, and one insider that third and fourth quarter advertising revenue might be light. Chatter has it that Powers’ former boss, Chief Revenue Officer Michael Barrett, might be next to leave.

A new triumph for Apple Inc. (NASDAQ:AAPL) is reached as it becomes the most valuable company ever traded, as its current market cap of $620.8 billion passes Microsoft’s peak of $618.9 billion that was reached on Dec. 30, 1999.

Don’t Miss: Will Apple and Samsung Patch Things UP or Tear Them DOWN?

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