BusinessWeek Online has posted a great Associated Press story on VitalStream. Here's an excerpt ...
AUG. 21 12:40 P.M. ET Shares of VitalStream Holdings Inc., which provides video and audio streaming services for the Internet, jumped Monday after an analyst said the company was well-positioned to take advantage of advertising money flowing onto the Web.
Irvine, Calif-based VitalStream shares added 32 cents, or 3.7 percent, to $8.87 in midday trading on the Nasdaq. The stock began trading on the Nasdaq on June 21.
Mark Kelleher, an analyst for Canaccord Adams, initiated coverage of the company with a "Buy" rating and set a share-price target of $13.
"Content delivery is fundamental," Kelleher wrote in a note to investors Aug. 18. "VitalStream is one of only a small group of companies with a built-out content delivery network (CDN) to address this critical element of Internet infrastructure."
