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Defination of live audio server

The Market Dropped - Plummeted - Tanked - Skidded - Those Hosting Stocks

Mon, 29 Sep 2008 23:44:00 -0400

The Dow lost 777 points yesterday. Sounds like a game…we lost points. Yes a 10% drop (Note – On "Black Monday", October 19, 1987, the Dow fell 22.61%).

Yes today there was a loss of $1.2 trillion.

I always ask the question on days like this…”Where did that money go?” OK how did the hosting industry fare.

* Level 3 -16.00%

* Limelight -14.50%

* Internap -13.90%

* Digital Realty Trust -13.60%

* Equinix -10.60%

* Savvis -10.20%

* NaviSite -8.30%

* Terremark -5.90%

* Rackspace -3.70%

Yes a bit of a slide.

In Europe most exchanges dropped 3-5%. That was in the anticipation of the $770 billion bailout. In contrast the TOKYO Nikkei Stock Average fell 1.3%. – Tokyo trading ended well after the bailout vote collapsed. This could be a theme.

I doubt if the foreign markets see this as wise. They origionally thought our government was acting rashly, tryng to spend $770 billion overnight. Now they know our legislatures have been working on this for 5 days, they have acted prudently. They have scaled it down to about $150 billion a day. Isn’t it time for a coffee break?

In my last Blog I suggested that hosting companies look to Europe as a financing source. A reminder that the Concorde is no longer in service.

Most of this was witten overnight - but as of this writing the Dow is up 200 points.

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