Key questions and answers from the first quarter fiscal 2006 earnings call conducted by Akamai, Inc. (AKAM: chart) on April 26, 2006

Michael Turits: Can you tell us what happened on the churn front and what is the percentage thereof?

Paul Sagan: Churn was down by 5%.

Michael Turits: What are you going to use the money you got from the offering for?

Paul Sagan: We continue to look for accretive propositions or important technology that we find that might be better to add quickly rather than to build ourselves.

Aaron Kessler: Is it just streaming media that you are posting a strong acceleration from?

Paul Sagan: No but also from sports, information, news, other forms of entertainment such as music.

Aaron Kessler: What areas do you think you are seeing acceleration, actually in the business?

J.D. Sherman: In our cash gross margins.

Aaron Kessler: What do you see in the market right now?

Paul Sagan: A net positive response to our business.

Henry Naah: Can you talk a little bit about how the sales funnel looks like for the March quarter?

Paul Sagan: It was strong.

Henry Naah: How is the sales funnel looking compared to how it has been over the last couple of quarters?

Paul Sagan: It is expanding a little bit.

Henry Naah: In terms of Internet traffic, how quickly is the traffic growing on a year-over-year basis?

Paul Sagan: The e-mail is growing across and I do not see an area where traffic is shrinking.

Erik Zamkoff: Could you talk a little bit about the breakdown between new media and rich media or more of the Legacy business in terms of static web pages?

Paul Sagan: There is a steady trend for the last several years of people doing more and more dynamic application-driven content both in the media sector but across the board in e-commerce and everywhere else. We moved a whole site to dynamic content years ago.

Erik Zamkoff: Can you give us an update as to when you expect to start paying cash tax?