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Compaq, Akamai Ink Pact

Compaq, the Houston computer giant, and Akamai Technologies , the Cambridge, Mass., content delivery specialist, have inked a vendor agreement, creating one-stop shopping for companies overhauling their IT infrastructure.

Under the pact, Compaq's services division will offer Akamai's flagship service, EdgeSuite, to companies that are installing Web-based hardware and software.

In turn, Akamai said it will use Compaq's ProLiant servers to power its extensive server network. Financial terms were not disclosed.

"This partnership will help customers get even the most dynamic of content to their users around the world faster and more reliably," said Thracy Varvoglis, a Compaq vice president.

Compaq's services arm is based in Stow, Mass., and has been an increasingly important part of its the company's business as sales of PC have declined. Compaq sales and technical staff will undergo training to sell Akamai's service.

"As CIOs think about migrating their information technology infrastructures to a Web-based platform, they will benefit from the superior technology of our EdgeSuite service combined seamlessly with the high-level services that Compaq delivers," said Michael Ruffolo, an Akamai vice president.

Shares of AKAM closed at 2.86 on Tuesday. In the last 52 weeks, the issue has ranged between 2.52 and 63.5. CPQ finished Tuesday at 8.52, near its 52 week low of 8.48 and well off its high of 31.625.

Earlier this month, Hewlett-Packard bid $25 billion for Compaq. The all-stock deal must still pass muster with regulators.