13D Filing: Elliott Associates, L.P. and Akamai Technologies Inc (AKAM)

The Reporting Persons acquired the securities of
the Issuer because they believe that such securities are significantly undervalued and represent an attractive investment
opportunity. The Reporting Persons believe the Issuer possesses an unmatched network platform which provides a significant
competitive advantage in its ability to deliver, accelerate, optimize and secure global traffic and business applications
over the internet. The Reporting Persons believe the value and potential uses of this platform are not reflected in the
Issuer’s current market value. The Reporting Persons believe that there are numerous operational and strategic opportunities
to maximize shareholder value and the Reporting Persons will be seeking to engage in a dialogue with the Issuer’s Board
of Directors (the “Board“) and management regarding these matters.

The Reporting Persons intend to consider, explore and/or
develop plans and/or make proposals (whether preliminary or final) with respect to, among other things, the
Issuer’s operations, management, Board composition, capital or corporate structure, capital allocation
policies, strategy and plans, and a potential strategic review or sale process involving the Issuer or certain of the
Issuer’s businesses or assets, including transactions in which the Reporting Persons may seek to participate and
potentially engage in, or may change their intention with respect to any and all matters referred to in this Item 4.
The Reporting Persons intend to communicate with the Issuer’s management and Board about a broad range of operational
and strategic matters and to communicate with other shareholders or third parties, including potential acquirers,
service providers and financing sources regarding the Issuer. The Reporting Persons may exchange information with any
such persons pursuant to appropriate confidentiality or similar agreements.

The Reporting Persons intend to review their investment
in the Issuer on a continuing basis and depending upon various factors, including, without limitation, the Issuer’s financial
position and strategic direction, overall market conditions, the outcome of any discussions referenced above, other investment
opportunities available to the Reporting Persons, and the availability of securities of the Issuer at prices that would make the
purchase or sale of such securities desirable, the Reporting Persons may endeavor (i) to increase or decrease their respective
positions in the Issuer through, among other things, the purchase or sale of securities of the Issuer, including through transactions
involving Common Stock and/or other equity, debt, notes, other securities, or derivative or other instruments that are based upon
or relate to the value of securities of the Issuer in the open market or in private transactions, including through a trading
plan created under Rule 10b5-1(c) or otherwise, on such terms and at such times as the Reporting Persons may deem advisable; and/or
(ii) to enter into transactions that increase or hedge their economic exposure to the Common Stock without affecting their beneficial
ownership of shares of Common Stock. In addition, the Reporting Persons may, at any time and from time to time, (i) review or
reconsider their position and/or change their purpose and/or formulate plans or proposals with respect thereto and (ii) propose
or consider one or more of the actions described in subparagraphs (a) – (j) of Item 4 of Schedule 13D.