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Wall St. has to love Cowen & Co. digging up some expert witness in the patent infringment suit against Limelight (LLNW) by Akamai (AKAM). The fellow says that the chances in favor of Akamai are 80% to 85%. But, Cowen says it "expects Limelight to pursue full litigation of the case and that a decision may not come before 2008." In other words, the bank has no idea what the outcome will be.
Of course, Limelight’s shares are off today by 3% to $16.44, a new low on a high since the IPO of $24.33. A pretty ugly offering.
Perhaps Cowen can see a year into the future. If so, perhaps they can tell me whether the Yankees will make the play-offs.
Douglas A. McIntyre
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