Limelight Beats Level 3 in Patent Case

A jury has found that Limelight Networks Inc. (Nasdaq: LLNW) doesn't infringe on a handful of Level 3 Communications Inc. (NYSE: LVLT) patents, a decision that sent Limelight shares skyward today.

A press release didn't come out until the markets had closed, but Limelight shares surged late in the day to close up 64 cents (27%) at $2.99.

Get the details at Contentinople.

— Craig Matsumoto, West Coast Editor, Light Reading

Honestly 12/5/2012 | 4:13:24 PM
re: Limelight Beats Level 3 in Patent Case I think that Akam and LLNW still have an appeal pending in court, however I also think that LLNW is not infringing with any traffic on any AKAM patents.

This may be the end of LLNW's troubles and they now may be on their way to further challenge AKAM.

They are partnering with Microsoft and winning vs L3 is a home run.

I think their board and biggest investor Goldman Sachs will hang in there and build share value.
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