<SUBMISSION>
<ACCESSION-NUMBER>0000950135-04-001497
<TYPE>S-3/A
<PUBLIC-DOCUMENT-COUNT>5
<FILING-DATE>20040324
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>AKAMAI TECHNOLOGIES INC
<CIK>0001086222
<ASSIGNED-SIC>7389
<IRS-NUMBER>043432319
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>S-3/A
<ACT>33
<FILE-NUMBER>333-113513
<FILM-NUMBER>04687646
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>500 TECHNOLOGY SQ
<CITY>CAMBRIDGE
<STATE>MA
<ZIP>02139
<PHONE>6172503000
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>500 TECHNOLOGY SQ
<CITY>CAMBRIDGE
<STATE>MA
<ZIP>02139
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>S-3/A
<SEQUENCE>1
<FILENAME>b49587a1sv3za.htm
<DESCRIPTION>AKAMAI TECHNOLOGIES, INC. FORM S-3/A
<TEXT>
<HTML>
<HEAD>
<TITLE>Akamai Technologies, Inc. Form S-3/A</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV align="center">
<B><FONT size="2">As filed with the Securities and Exchange
Commission on March&nbsp;24, 2004</FONT></B>
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV align="right">
<B><FONT size="2">Registration Statement No.
333-113513</FONT></B>
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV align="left">
<HR size="4" noshade color="#000000" style="margin-top: -5px">
</DIV>

<DIV align="left">
<HR size="1" noshade color="#000000" style="margin-top: -10px">
</DIV>

<P align="center">
<B><FONT size="4">SECURITIES AND EXCHANGE COMMISSION</FONT></B>

<DIV align="center">
<B>WASHINGTON, D.C. 20549</B>
</DIV>

<P align="center">
<HR size="1" width="26%" align="center" noshade>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<P align="center">
<B><FONT size="4">Amendment No.&nbsp;1</FONT></B>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV align="center">
<B><FONT size="4">to</FONT></B>
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV align="center">
<B><FONT size="5">FORM&nbsp;S-3</FONT></B>
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<P align="center">
<HR size="1" width="26%" align="center" noshade>

<P align="center">
<B>REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933</B>

<P align="center">
<B><FONT size="6">Akamai Technologies, Inc.</FONT></B>

<DIV align="center">
<I><FONT size="2">(Exact name of registrant as specified in its
charter)</FONT></I>
</DIV>

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
    <TD width="53%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="44%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="center" valign="top">
    <B><FONT size="2">Delaware</FONT></B></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top">
    <B><FONT size="2">04-3432319</FONT></B></TD>
</TR>

<TR>
    <TD align="center" valign="top">
    <I><FONT size="2">(State or other jurisdiction of incorporation
    or organization)</FONT></I></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top">
    <I><FONT size="2">(I.R.S. Employer Identification No.)</FONT></I></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">
<HR size="1" width="26%" align="center" noshade>

<P align="center">
<B><FONT size="2">8 Cambridge Center</FONT></B>

<DIV align="center">
<B><FONT size="2">Cambridge, Massachusetts 02142</FONT></B>
</DIV>

<DIV align="center">
<B><FONT size="2">(617)&nbsp;444-3000</FONT></B>
</DIV>

<DIV align="center">
<I><FONT size="2">(Address, including zip code, and telephone
number, including area code, of registrant&#146;s principal
executive offices)</FONT></I>
</DIV>

<P align="center">
<HR size="1" width="26%" align="center" noshade>

<P align="center">
<B><FONT size="2">Melanie Haratunian</FONT></B>

<DIV align="center">
<B><FONT size="2">Vice President and General Counsel</FONT></B>
</DIV>

<DIV align="center">
<B><FONT size="2">Akamai Technologies, Inc.</FONT></B>
</DIV>

<DIV align="center">
<B><FONT size="2">8 Cambridge Center</FONT></B>
</DIV>

<DIV align="center">
<B><FONT size="2">Cambridge, Massachusetts 02142</FONT></B>
</DIV>

<DIV align="center">
<B><FONT size="2">(617)&nbsp;444-3000</FONT></B>
</DIV>

<DIV align="center">
<I><FONT size="2">(Name, address, including zip code, and
telephone number, including area code, of agent for
service)</FONT></I>
</DIV>

<P align="center">
<HR size="1" width="26%" align="center" noshade>

<P align="center">
<B><I><FONT size="2">Copies to:</FONT></I></B>

<P align="center">
<B><FONT size="2">Susan W. Murley, Esq.</FONT></B>

<DIV align="center">
<B><FONT size="2">Thomas S. Ward, Esq.</FONT></B>
</DIV>

<DIV align="center">
<B><FONT size="2">Hale and Dorr LLP</FONT></B>
</DIV>

<DIV align="center">
<B><FONT size="2">60 State Street</FONT></B>
</DIV>

<DIV align="center">
<B><FONT size="2">Boston, Massachusetts 02109</FONT></B>
</DIV>

<DIV align="center">
<B><FONT size="2">Telephone: (617) 526-6000</FONT></B>
</DIV>

<DIV align="center">
<B><FONT size="2">Telecopy: (617) 526-5000</FONT></B>
</DIV>

<P align="center">
<HR size="1" width="26%" align="center" noshade>

<P align="left">
<B><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Approximate
date of commencement of proposed sale to
public:</FONT></B><FONT size="2"> As soon as practicable after
this Registration Statement becomes effective.
</FONT>

<P align="left">
<FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the only securities being registered on this Form are being
offered pursuant to dividend or interest reinvestment plans,
please check the following box.
<FONT face="wingdings">&#111;</FONT>
</FONT>

<P align="left">
<FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
any of the securities being registered on this Form are to be
offered on a delayed or continuous basis pursuant to
Rule&nbsp;415 under the Securities Act of 1933, other than
securities offered only in connection with dividend or interest
reinvestment plans, check the following box.
<FONT face="wingdings">&#120;</FONT>
</FONT>

<P align="left">
<FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
this Form is filed to register additional securities for an
offering pursuant to Rule&nbsp;462(b) under the Securities Act,
please check the following box and list the Securities Act
registration statement number of the earlier effective
registration statement for the same offering.
<FONT face="wingdings">&#111;</FONT> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;.
</FONT>

<P align="left">
<FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
this Form is a post-effective amendment filed pursuant to
Rule&nbsp;462(c) under the Securities Act, check the following
box and list the Securities Act registration statement number of
the earlier effective registration statement for the same
offering.
<FONT face="wingdings">&#111;</FONT> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;.
</FONT>

<P align="left">
<FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
delivery of the prospectus is expected to be made pursuant to
Rule&nbsp;434, please check the following box.
<FONT face="wingdings">&#111;</FONT>
</FONT>

<P align="center">
<HR size="1" width="26%" align="center" noshade>

<P align="left">
<B><FONT size="2">THE REGISTRANT HEREBY AMENDS THIS REGISTRATION
STATEMENT ON SUCH DATE OR DATES AS MAY BE NECESSARY TO DELAY ITS
EFFECTIVE DATE UNTIL THE REGISTRANT SHALL FILE A FURTHER
AMENDMENT WHICH SPECIFICALLY STATES THAT THIS REGISTRATION
STATEMENT SHALL THEREAFTER BECOME EFFECTIVE IN ACCORDANCE WITH
SECTION&nbsp;8(A) OF THE SECURITIES ACT OF 1933 OR UNTIL THE
REGISTRATION STATEMENT SHALL BECOME EFFECTIVE ON SUCH DATE AS
THE COMMISSION, ACTING PURSUANT TO SAID SECTION&nbsp;8(A), SHALL
DETERMINE.</FONT></B>

<P align="left">
<HR size="1" noshade color="#000000" style="margin-top: -2px">

<DIV align="left">
<HR size="4" noshade color="#000000" style="margin-top: -10px">
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<TABLE width="100%" border="1" cellpadding="5"><TR><TD>
<FONT size="2" color="#E8112D">The information in this
prospectus is not complete and may be changed. The selling
securityholders named in this prospectus may not sell these
securities until the registration statement filed with the
Securities and Exchange Commission is effective. This prospectus
is not an offer to sell these securities and the selling
securityholders named in this prospectus are not soliciting
offers to buy these securities in any jurisdiction where the
offer or sale is not permitted.
</FONT>
</TD></TR></TABLE>

<P align="left">
<HR size="1" noshade color="#000000" style="margin-top: -2px">

<DIV align="left">
<HR size="4" noshade color="#000000" style="margin-top: -10px">
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV align="center">
<FONT size="2">  <FONT color="#E8112D">SUBJECT TO COMPLETION,
DATED MARCH&nbsp;24, 2004</FONT>
</FONT>
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<P align="left">
<FONT size="2">PROSPECTUS
</FONT>

<P align="center">
<IMG src="b49587a1akamai.gif" alt="(AKAMAI LOGO)">

<P align="center">
<B><FONT size="4">$200,000,000 Principal Amount of 1.0%
Convertible Senior Notes</FONT></B>

<DIV align="center">
<B><FONT size="4">due December&nbsp;15, 2033</FONT></B>
</DIV>

<P align="center">
<HR size="1" width="26%" align="center" noshade>

<P align="center">
<B><FONT size="4">12,944,980 Shares of Common Stock, $0.01 Par
Value per Share</FONT></B>

<P align="center">
<HR size="1" width="26%" align="center" noshade>

<P align="center">
<B><FONT size="6">Akamai Technologies, Inc.</FONT></B>

<P align="center">
<HR size="1" width="26%" align="center" noshade>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">We issued $200,000,000 aggregate principal amount
of our 1.0% Convertible Senior Notes due December&nbsp;15, 2033,
which we refer to as our convertible notes, in private
placements on December&nbsp;12, 2003 and January&nbsp;7, 2004.
The initial purchasers resold the convertible notes to qualified
institution buyers in accordance with Rule&nbsp;144A under the
Securities Act of 1933, as amended. This prospectus will be used
by the selling securityholders from time to time to resell their
convertible notes and the common stock issuable upon the
conversion of the convertible notes. We will not receive any of
the proceeds from the sale of the convertible notes or the
shares of our common stock offered by this prospectus.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The convertible notes bear regular interest at
the rate of 1.0% per annum, from December&nbsp;12, 2003, payable
semi-annually in arrears in cash on June&nbsp;15 and
December&nbsp;15 of each year, beginning June&nbsp;15, 2004.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The convertible notes will mature on
December&nbsp;15, 2033. We may redeem for cash some or all of
the convertible notes at any time on or after December&nbsp;15,
2010 at a redemption price equal to 100% of the principal amount
of the convertible notes being redeemed, plus accrued and unpaid
interest, if any.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Holders of the convertible notes have the right
to require us to purchase the convertible notes at a purchase
price equal to 100% of the principal amount of the convertible
notes plus accrued and unpaid interest, if any, on
December&nbsp;15, 2010, 2013, 2018, 2023 or 2028 or upon a
change of control event as described in this prospectus.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Holders of convertible notes may convert the
convertible notes into shares of our common stock only in the
following circumstances:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">during any calendar quarter commencing after
    March&nbsp;31, 2004, if the closing sale price of our common
    stock for at least 20&nbsp;trading days in the period of 30
    consecutive trading days ending on the last trading day of the
    preceding calendar quarter is more than 120% of the conversion
    price in effect on such last trading day (initially 120% of
    $15.45, or $18.54);
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">if the convertible notes are called for
    redemption;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">if we make specified distributions on our common
    stock or engage in specified transactions; and
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">during the five trading day period immediately
    following any ten consecutive trading day period in which the
    trading price per $1,000 principal amount of the convertible
    amount of the convertible notes for each day of such ten day
    period is less than 95% of the product of the closing sale price
    per share of our common stock on that day multiplied by the
    number of shares of our common stock issuable upon conversion of
    $1,000 principal amount of the convertible notes.
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The initial conversion price is $15.45 per share
(equivalent to an initial conversion rate of approximately
64.7249 shares per $1,000 principal amount of the convertible
notes), subject to adjustment in certain circumstances. The last
bid price is reported on NASDAQ on March&nbsp;5, 2004 was
$15.74&nbsp;per share. The common stock is listed under the
symbol &#147;AKAM&#148;.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The convertible notes will be senior unsecured
obligations and will rank, in right of payment, the same as all
of our existing and future senior unsecured indebtedness. The
convertible notes will rank senior in right of payment of all of
our subordinated indebtedness and will be effectively
subordinated to any secured indebtedness.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Holders of convertible notes will have the option
to require us to purchase for cash all or any portion of
convertible notes held by them if a change of control, as
defined in this prospectus occurs. The change of control
purchase price will be 100% of the principal amount of the
convertible notes to be purchased plus any accrued and unpaid
interest, if any, to the date of repurchase.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">You should read the discussion under
&#147;Summary of Certain United States Federal Income Tax
Considerations&#148; beginning on page&nbsp;34.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">For a more detailed description of the
convertible notes, see the &#147;Description of Convertible
Notes&#148; beginning on page&nbsp;13.
</FONT>

<P align="center">
<HR size="1" width="26%" align="center" noshade>

<P align="center">
<B><I><FONT size="2">Investing in the convertible notes or our
common stock involves risks. See &#147;Risk Factors&#148;
beginning on page&nbsp;4.</FONT></I></B>

<P align="center">
<HR size="1" width="26%" align="center" noshade>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B><I><FONT size="2">Neither the Securities and Exchange
Commission nor any state securities commission has approved or
disapproved of these securities or passed upon the adequacy or
accuracy of this prospectus. Any representation to the contrary
is a criminal offense.</FONT></I></B>

<P align="center">
<HR size="1" width="26%" align="center" noshade>

<P align="center">
<B><I><FONT size="2">The date of this prospectus
is &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
2004.</FONT></I></B>

<!-- PAGEBREAK -->
<P><HR noshade><P>

<P align="center">
<B><FONT size="2">TABLE OF CONTENTS</FONT></B>

<P align="left">
<!-- TOC -->

<DIV align="left">
<A name="tocpage"></A>
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<CENTER>
<TABLE width="60%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
    <TD width="90%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="2%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="2%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Page</FONT></B></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">&nbsp;<A HREF='#101'>Prospectus Summary</A>
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">&nbsp;<A HREF='#102'>Risk Factors</A>
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">4</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">&nbsp;<A HREF='#103'>Ratio of Earnings to Fixed
    Charges</A>
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">12</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">&nbsp;<A HREF='#104'>Special Note Regarding
    Forward-Looking Information</A>
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">12</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">&nbsp;<A HREF='#105'>Use of Proceeds</A>
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">12</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">&nbsp;<A HREF='#106'>Description of Convertible
    Notes</A>
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">13</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">&nbsp;<A HREF='#107'>Description of Other
    Indebtedness</A>
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">29</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">&nbsp;<A HREF='#108'>Description of Capital
    Stock</A>
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">30</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">&nbsp;<A HREF='#109'>Summary of Certain United
    States Federal Income Tax Considerations</A>
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">34</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">&nbsp;<A HREF='#110'>Selling Securityholders</A>
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">41</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">&nbsp;<A HREF='#111'>Plan of Distribution</A>
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">44</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">&nbsp;<A HREF='#112'>Validity of Securities</A>
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">45</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">&nbsp;<A HREF='#113'>Experts</A>
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">45</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">&nbsp;<A HREF='#114'>Where You Can Find More
    Information</A>
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">46</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">&nbsp;<A HREF='#115'>Incorporation of Certain
    Documents by Reference</A>
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">46</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="b49587a1exv8w1.htm">EX-8.1 Tax Opinion of Hale and Dorr LLP</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="b49587a1exv23w1.txt">EX-23.1 Consent of PricewaterhouseCoopers LLP</A></FONT></TD></TR>
</TABLE>
</CENTER>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV align="left">
<!-- /TOC -->
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">We have not and the selling security holders have
not, authorized anyone to provide you with information different
from that contained or incorporated by references in this
prospectus. We are not and the selling securityholders are not,
offering to sell or seeking offers to buy, the securities in any
jurisdiction other than where an offer or sale is permitted. The
information contained in this prospectus is accurate only as of
the date of this prospectus, regardless of the time of delivery
of this prospectus or of any sale of the securities.
</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV align="left">
<A name='101'></A>
</DIV>

<!-- link1 "PROSPECTUS SUMMARY" -->

<P align="center">
<B><FONT size="2">PROSPECTUS SUMMARY</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I><FONT size="2">You should read the following summary together
with more detailed information about us, our convertible notes,
our common stock and our financial statements and accompanying
notes appearing elsewhere in this prospectus.</FONT></I>

<P align="center">
<B><FONT size="2">AKAMAI TECHNOLOGIES, INC.</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">We provide services and software that enable the
world&#146;s leading enterprises and government agencies to
extend and control their e-business infrastructure.
Akamai&#146;s services are designed to enable enterprises and
government agencies to extend the reach of their e-business
infrastructures by ensuring the highest levels of availability,
reliability and performance for all their business processes.
Through our extensive distributed computing platform, we offer
our customers reliable information flow and robust, confident
control of information, enabling the secure delivery of
networked information and applications. Our services are built
upon our globally distributed platform for content, streaming
media, and application delivery, which is comprised of more than
14,000 servers within over 1,000 networks in 71&nbsp;countries.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Our technology originated from research that our
founders began developing at the Massachusetts Institute of
Technology, or MIT, in 1995. In 1999, we began selling our
content delivery services under the name FreeFlow&#174;. Later
that year, we added streaming media delivery services to our
portfolio and introduced traffic management services that allow
customers to monitor traffic patterns on their websites both on
a continual basis and for specific events. In 2000, we began
offering a software solution that identifies the geographic
location and network origin from which end users access our
customer&#146;s websites, enabling content providers to
customize content without compromising user privacy. In 2001, we
commenced commercial sales of our EdgeSuite&#174; offering, a
suite of services that allows for high-performance and dynamic
delivery of web content and applications to end users, wherever
they are located globally. These services include content and
application delivery, content targeting and personalization,
business intelligence and streaming media. In 2003, we launched
our EdgeComputing<SUP>SM</SUP> offering which extends our
technology to customer applications. The EdgeComputing service
allows enterprises to extend more of their applications into the
network, closer to end users, including customers, partners,
suppliers, and employees.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Our services are easy to implement and are highly
scalable. Historically, our FreeFlow customers selected
bandwidth-intensive content, typically media-rich non-text
objects such as photographs, banner advertisements and graphics,
for delivery over our platform. With the introduction of our
EdgeSuite service, customers may dynamically deliver a broader
range of content and applications&nbsp;&#151; such as customer
relationship management tools, pay-per-view video, software
updates and entire websites&nbsp;&#151; over our platform.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The technology underlying our EdgeSuite and
EdgeComputing services enables us to locate applications and
content geographically closer to end users. By moving electronic
content and applications closer to our customers&#146; end
users, our services allow enterprises to improve the end-user
experience, boost reliability and scalability and reduce the
cost of their e-business infrastructure. We believe that our
EdgeSuite offering is the only service available in the industry
capable of providing the benefits of distributed performance to
an enterprise&#146;s entire website and all aspects of its
applications. Our EdgeSuite service reduces the amount of IP
infrastructure required by our customers to maintain a global
Internet presence. Site owners maintain a control copy of their
applications and content, and our EdgeSuite service provides
global delivery, load balancing and storage, thereby enabling
businesses to focus valuable resources on strategic matters,
rather than tactical infrastructure issues.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Akamai logo, the Akamai
Platform<SUP>TM</SUP>, EdgeSuite&#174; and EdgeComputing&#174;
are trademarks or service marks of Akamai. All other trademarks
or trade names in this prospectus are the property of their
respective owners.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Our address is Akamai Technologies, Inc.,
8&nbsp;Cambridge Center, Cambridge, Massachusetts 02142,
(617)&nbsp;444-3000.
</FONT>

<P align="center"><FONT size="2">1
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<P align="center">
<B><FONT size="2">The Offering</FONT></B>

<DIV>&nbsp;</DIV>

<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
    <TD width="28%"></TD>
    <TD width="1%"></TD>
    <TD width="71%"></TD>
</TR>

<TR>
    <TD valign="top">
    <FONT size="2">Issuer
    </FONT></TD>
    <TD></TD>
    <TD valign="top">
    <FONT size="2">Akamai Technologies, Inc.
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR>
    <TD valign="top">
    <FONT size="2">Convertible Notes
    </FONT></TD>
    <TD></TD>
    <TD valign="top">
    <FONT size="2">$200,000,000 aggregate principal amount of 1.0%
    Convertible Senior Notes due 2033.
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR>
    <TD valign="top">
    <FONT size="2">Offering Price
    </FONT></TD>
    <TD></TD>
    <TD valign="top">
    <FONT size="2">100% of the principal amount of each convertible
    note plus accrued interest, if any, from December&nbsp;12, 2003.
    The convertible notes will be issued in integral multiples of
    $1,000 principal amount.
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR>
    <TD valign="top">
    <FONT size="2">Maturity
    </FONT></TD>
    <TD></TD>
    <TD valign="top">
    <FONT size="2">December&nbsp;15, 2033.
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR>
    <TD valign="top">
    <FONT size="2">Ranking
    </FONT></TD>
    <TD></TD>
    <TD valign="top">
    <FONT size="2">The convertible notes will be senior unsecured
    obligations, will rank, in right of payment, the same as all of
    our existing and future senior unsecured indebtedness and will
    rank senior in right of payment to all of our subordinated
    indebtedness and will be effectively subordinated to any secured
    indebtedness. In addition, any outstanding liabilities and other
    obligations of our subsidiaries will be structurally senior to
    the convertible notes. See &#147;Description of Convertible
    Notes.&#148;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR>
    <TD valign="top">
    <FONT size="2">Interest
    </FONT></TD>
    <TD></TD>
    <TD valign="top">
    <FONT size="2">The convertible notes will bear interest at 1.0%
    per annum on the principal amount, from December&nbsp;12, 2003,
    payable semi-annually in arrears in cash on June&nbsp;15 and
    December&nbsp;15 of each year, beginning June&nbsp;15, 2004.
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR>
    <TD valign="top">
    <FONT size="2">Contingent Convertibility
    </FONT></TD>
    <TD></TD>
    <TD valign="top">
    <FONT size="2">You may convert the notes into shares of our
    common stock at a conversion rate of 64.7249 shares of common
    stock per $1,000 principal amount of convertible notes (which
    represents an initial conversion price of $15.45 per share) only
    in the following circumstances:
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="top">
    <FONT size="2">&#149;&nbsp;during any calendar quarter
    commencing after March&nbsp;31, 2004, if the closing sale price
    of our common stock for at least 20 trading days in the period
    of 30 consecutive trading days ending on the last trading day of
    the preceding quarter is more than 120% of the conversion price
    in effect on such last trading day (initially 120% of $15.45, or
    $18.54);
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="top">
    <FONT size="2">&#149;&nbsp;if the convertible notes are called
    for redemption;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="top">
    <FONT size="2">&#149;&nbsp;if we make specified distributions on
    our common stock or engage in specified transactions; or
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="top">
    <FONT size="2">&#149;&nbsp;during the five trading day period
    immediately following any ten consecutive trading day period in
    which the trading price per $1,000 principal amount of the
    convertible notes for each day of such ten day period is less
    than 95% of the product of the closing sale price per share of
    our common stock on that day multiplied by the number of shares
    of our common stock issuable upon conversion of $1,000 principal
    amount of the convertible notes.
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="top">
    <FONT size="2">See &#147;Description of Convertible Notes.&#148;
    </FONT></TD>
</TR>

</TABLE>

<P align="center"><FONT size="2">2
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV>&nbsp;</DIV>

<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
    <TD width="28%"></TD>
    <TD width="1%"></TD>
    <TD width="71%"></TD>
</TR>

<TR>
    <TD valign="top">
    <FONT size="2">Redemption of the Convertible Notes at Our Option
    </FONT></TD>
    <TD></TD>
    <TD valign="top">
    <FONT size="2">We may redeem for cash all or a portion of the
    convertible notes at any time on or after December&nbsp;15, 2010
    at a price equal to 100% of the principal amount of the
    convertible notes to be redeemed plus accrued and unpaid
    interest, if any, to, but excluding, the redemption date. See
    &#147;Description of Convertible Notes.&#148;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR>
    <TD valign="top">
    <FONT size="2">Repurchase of the Convertible Notes at the Option
    of the Holder
    </FONT></TD>
    <TD></TD>
    <TD valign="top">
    <FONT size="2">Holders may require us to repurchase all or a
    portion of their convertible notes on December&nbsp;15, 2010,
    2013, 2018, 2023 or 2028, at 100% of the principal amount
    thereof, plus accrued and unpaid interest, if any, to, but
    excluding, the date of repurchase. See &#147;Description of
    Convertible Notes.&#148;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR>
    <TD valign="top">
    <FONT size="2">Change in Control
    </FONT></TD>
    <TD></TD>
    <TD valign="top">
    <FONT size="2">If a Change in Control occurs prior to maturity,
    a holder may require us to repurchase all or part of its
    convertible notes at a purchase price equal to 100% of the
    principal amount thereof, plus accrued and unpaid interest, if
    any. See &#147;Description of Convertible Notes.&#148;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR>
    <TD valign="top">
    <FONT size="2">Sinking Fund
    </FONT></TD>
    <TD></TD>
    <TD valign="top">
    <FONT size="2">None.
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR>
    <TD valign="top">
    <FONT size="2">Registration Rights
    </FONT></TD>
    <TD></TD>
    <TD valign="top">
    <FONT size="2">We have filed with the SEC, and agreed to use our
    best efforts to cause to become effective no later than
    July&nbsp;9, 2004, a shelf registration statement with respect
    to the resale of the convertible notes and the shares of our
    common stock issuable upon conversion of the notes and to use
    our best efforts to keep such shelf registration statement
    effective during such period or periods as are specified in
    &#147;Description of Convertible Notes-Registration Rights.&#148;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR>
    <TD valign="top">
    <FONT size="2">DTC Eligibility
    </FONT></TD>
    <TD></TD>
    <TD valign="top">
    <FONT size="2">The convertible notes will be issued in
    book-entry form and will be represented by one or more permanent
    global certificates deposited with a custodian for and
    registered in the name of a nominee of The Depository Trust
    Company, or DTC, in New York, New York. Beneficial interests in
    any such securities will be shown on, and transfers will be
    effected only through, records maintained by DTC and its direct
    and indirect participants. Any such interest may not be
    exchanged for certificated securities, except in limited
    circumstances. See &#147;Description of Convertible Notes.&#148;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR>
    <TD valign="top">
    <FONT size="2">NASDAQ National Market Symbol for Common Stock
    </FONT></TD>
    <TD></TD>
    <TD valign="top">
    <FONT size="2">AKAM
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">You should refer to the section entitled
&#147;Risk Factors&#148; for an explanation of certain risks of
investing in the convertible notes.
</FONT>

<P align="center"><FONT size="2">3
</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV align="left">
<A name='102'></A>
</DIV>

<!-- link1 "RISK FACTORS" -->

<P align="center">
<B><FONT size="2">RISK FACTORS</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Investing in our securities involves risks that
relate to us, the securities being offered under this
prospectus, the industry in which we operate, general economic
conditions and other matters.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">A number of risks that relate to the securities
offered under this prospectus are set forth below. Before making
an investment decision, you should carefully consider these
risks as well as other information we include or incorporate by
reference in this prospectus.
</FONT>

<P align="left">
<B><FONT size="2">Risks Associated with the Convertible
Notes</FONT></B>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I><FONT size="2">The convertible notes are unsecured and
    contain no financial covenants.</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The convertible notes are not secured by our
assets. The indenture governing the convertible notes does not
restrict our ability to incur additional debt, including secured
debt. The convertible notes will be effectively subordinated to
any of our existing or future secured indebtedness to the extent
of the assets securing such indebtedness. In addition, the
indenture does not contain any financial covenants, restrict our
ability to repurchase our securities, pay dividends or make
restricted payments or contain covenants or other provisions to
afford holders protection in the event of a transaction that
substantially increases our level of indebtedness. Furthermore,
the indenture contains only limited protections in the event
that we are involved in a change in control transaction as
defined in the indenture. We could engage in many types of
transactions, such as acquisitions, refinancings or
recapitalizations, that could substantially affect our capital
structure and the value of the convertible notes and our common
stock but would not constitute a change in control transaction
permitting holders to require us to repurchase their convertible
notes under the indenture.
</FONT>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I><FONT size="2">The convertible notes will be effectively
    subordinated to the liabilities of our
    subsidiaries.</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">In the event of the insolvency, bankruptcy,
liquidation, reorganization, dissolution or winding up of the
business of any of our subsidiaries, creditors of our
subsidiaries generally will have the right to be paid in full
before any distribution is made to us or the holders of the
convertible notes. Accordingly, holders of the convertible notes
are effectively subordinated to the claims of our
subsidiaries&#146; creditors, including trade creditors, to the
extent of the assets of the indebted subsidiary. This
subordination could adversely affect our ability to pay our
obligations on the convertible notes. Our subsidiaries have no
obligation to pay any amounts due on the convertible notes or to
provide us with funds for our payment obligations, whether by
dividends, distributions, loans or other payments.
</FONT>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I><FONT size="2">We may be unable to finance the repurchase
    of the convertible notes even if required by the holders
    pursuant to the indenture.</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Upon a change in control transaction, holders of
the convertible notes may require us to redeem all or a portion
of the convertible notes. If a change in control transaction
were to occur, we may not have enough funds to pay the
redemption price for all tendered convertible notes. Any credit
agreements or other agreements relating to our indebtedness may
contain provisions that expressly prohibit the repurchase of the
convertible notes upon a change in control transaction or may
provide that a change in control transaction constitutes an
event of default under that agreement. If a change in control
transaction occurs at a time when we are prohibited from
repurchasing or redeeming convertible notes, we could seek the
consent of our lenders to redeem the convertible notes or could
attempt to refinance this debt. If we do not obtain a consent,
we could not repurchase or redeem the convertible notes. Our
failure to redeem tendered convertible notes would constitute an
event of default under the indenture, which might constitute a
default under the terms of our other indebtedness.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">In addition, we will be required to repurchase
all or a portion of the outstanding convertible notes at the
option of the holders on December&nbsp;15, 2010, 2013, 2018,
2023 and 2028. However, it is possible that we will not have
sufficient funds available at any such time to make the required
repurchase of convertible notes and restrictions of our other
indebtedness outstanding in the future may not allow such
repurchase.
</FONT>

<P align="center"><FONT size="2">4
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I><FONT size="2">We may not be able to refinance the
    convertible notes if required or if we so desire.</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">We may need or desire to refinance all or a
portion of our indebtedness on or before maturity. There can be
no assurance that we will be able to refinance any of our
indebtedness on commercially reasonable terms, if at all.
Currently, in order to repay the convertible notes at maturity
or upon an earlier redemption or repurchase, we will need to
generate funds through our operations or by issuing additional
equity or incurring additional indebtedness. We may not be able
to generate sufficient funds through operations or raise
additional capital or incur additional indebtedness on
commercially reasonable terms, if at all.
</FONT>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I><FONT size="2">The contingent conversion features of the
    convertible notes could result in your receiving less than the
    value of the common stock into which the notes are
    convertible.</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The convertible notes are convertible into common
stock only if specified conditions are met. If the specified
conditions for conversion are not met, you may not be able to
receive the value of our common stock into which the convertible
notes would otherwise be convertible. Therefore, you may not be
able to realize the appreciation, if any, in the value of our
common stock after the issuance of the convertible notes in this
offering.
</FONT>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I><FONT size="2">Our stock price has been volatile and may
    decline following this offering.</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The market price of our common stock has been
volatile. Fluctuations in the trading price of our common stock
will affect the trading price of the convertible notes. Trading
prices may continue to fluctuate in response to a number of
events and factors, including the following:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">quarterly variations in operating results and
    announcements of innovations;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">new products, services and strategic developments
    by us or our competitors;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">business combinations and investments by us or
    our competitors;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">variations in our revenue, expenses or
    profitability;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">changes in financial estimates and
    recommendations by securities analysts;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">failure to meet the expectations of public market
    analysts;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">performance by other companies in our industry;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">news reports relating to trends in the content
    delivery, Internet or other product or service industries; and
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">geopolitical conditions such as acts of terrorism
    or military conflicts.
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Any of these events may cause the price of our
shares to fall. In addition, the stock market in general and the
market prices for technology companies in particular have
experienced significant volatility that often has been unrelated
to the operating performance of such companies. These broad
market and industry fluctuations may adversely affect the market
price of our shares, regardless of our operating performance.
</FONT>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I><FONT size="2">Conversion of the notes may affect the
    trading price of our common stock.</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The conversion of some or all of the convertible
notes and any sales in the public market of our common stock
issuable upon such conversion could adversely affect the
prevailing market price of our common stock. In addition, the
existence of the convertible notes may encourage short selling
by market participants because the conversion of the notes could
depress our common stock price.
</FONT>

<P align="center"><FONT size="2">5
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I><FONT size="2">Provisions of our charter documents, our
    stockholder rights plan and Delaware law may have anti-takeover
    effects that could prevent a Change in Control even if the
    Change in Control would be beneficial to our
    stockholders.</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Provisions of our amended and restated
certificate of incorporation, by-laws and Delaware law could
make it more difficult for a third party to acquire us, even if
doing so would be beneficial to our stockholders. In addition,
our Board of Directors has adopted a shareholder rights plan the
provisions of which could make it more difficult for a potential
acquirer of Akamai to consummate an acquisition transaction. See
&#147;Description of Capital Stock.&#148;
</FONT>

<P align="left">
<B><FONT size="2">Risks Associated with our Business</FONT></B>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I><FONT size="2">Failure to increase our revenue and keep
    our expenses consistent with revenues could prevent us from
    achieving and maintaining profitability.</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">We have never been profitable under generally
accepted accounting principles. We have incurred significant
losses since inception in 1998 and expect to continue to incur
losses through at least the first half of 2004. We have large
fixed expenses, and we expect to continue to incur significant
bandwidth, sales and marketing, product development,
administrative, interest and other expenses. Therefore, we will
need to generate significantly higher revenue to achieve and
maintain profitability. There are numerous factors that could,
standing alone or combined with other factors, impede our
ability to increase revenue and/or moderate expenses, including:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">failure to increase sales of our EdgeSuite and
    EdgeComputing services and related features and functions;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">significant increases in bandwidth costs or other
    operating expenses;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">any lack of market acceptance of our services due
    to continuing concerns about commercial use of the Internet,
    including security, reliability, speed, cost, ease of access,
    quality of service and regulatory initiatives;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">any failure of our current and planned services
    and software to operate as expected;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">a failure by us to respond rapidly to
    technological changes in our industry that could cause our
    services to become obsolete;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">a continuation of adverse economic conditions
    worldwide that have contributed to slowdowns in capital
    expenditures by businesses, particularly capital spending in the
    information technology market;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">failure of a significant number of customers to
    pay our fees on a timely basis or at all or to continue to
    purchase our services in accordance with their contractual
    commitments; and
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">inability to attract high-quality customers to
    purchase and implement our current and planned services and
    software.
    </FONT></TD>
</TR>

</TABLE>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I><FONT size="2">The market for our services remains
    relatively new, and our business will suffer if the market does
    not develop as we expect.</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The market for our Internet-related services is
relatively new. We cannot be certain that a broad-based market
for our services will emerge or be sustainable. Many of our
customers are early adopters of new technologies such as those
we offer. If we are unable to maintain pricing levels or our
market share among these companies, our revenues will not grow
ad may decrease. If enterprises that are less aggressive in
adopting new technologies are reluctant to purchase our
services, we will have fewer opportunities to sell our services
and will have difficulty generating growth and profits.
</FONT>

<P align="center"><FONT size="2">6
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I><FONT size="2">Our substantial leverage may harm our
    financial condition and results of operations, and our failure
    to significantly increase our revenue would seriously harm our
    business and operating results and could cause us to fail to
    make interest or principal payments or pay our outstanding
    indebtedness.</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">We have significant long-term debt, and we may
not be able to make interest or principal payments when due. As
of December&nbsp;31, 2003, our total long-term debt was
approximately $386.0&nbsp;million and our stockholders&#146;
deficit was approximately $175.4&nbsp;million. In January 2004,
we issued an additional $25.0&nbsp;million of the convertible
senior notes. Our substantial level of indebtedness could
adversely affect our future operations, by increasing our
vulnerability to adverse changes in general economic and
industry conditions and by limiting or prohibiting our ability
to obtain additional financing for capital expenditures,
acquisitions, and general corporate and other purposes.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">In December 2003 and January 2004, we repurchased
$99.0&nbsp;million in principal amount of our 5&nbsp;1/2%
convertible subordinated notes, which we refer to as the
5&nbsp;1/2% notes. In February 2004, we announced a tender offer
to repurchase up to an additional $101.0&nbsp;million in
aggregate principal amount of the 5&nbsp;1/2% notes. The tender
offer period is scheduled to expire on March&nbsp;24, 2004.
There can be no assurance, however, that we will complete the
tender offer in whole or in part.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Historically, we have had negative cash flow from
operations. For the year ended December&nbsp;31, 2003, net cash
used in operating activities was approximately
$18.0&nbsp;million. As of March&nbsp;9, 2004, we had
$201.0&nbsp;million in aggregate principal amount of our
5&nbsp;1/2% notes outstanding. Assuming no additional
5&nbsp;1/2% notes are converted or redeemed our annual interest
payments on our 5&nbsp;1/2% notes will be approximately
$11.1&nbsp;million and annual interest payment on the
convertible notes will be approximately $2.0&nbsp;million. In
addition, if our 5&nbsp;1/2% notes are converted or if we do not
repurchase, redeem, exchange or otherwise repay our outstanding
5&nbsp;1/2% notes prior to 2007, they will become due.
</FONT>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I><FONT size="2">If we are required to seek additional
    funding, such funding may not be available on acceptable terms
    or at all.</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">If our revenue decreases or grows more slowly
than we anticipate or if our operating expenses increase more
than we expect or cannot be reduced in the event of lower
revenue, we may need to obtain funding from outside sources. If
we are unable to obtain this funding, our business would be
materially and adversely affected. In addition, even if we were
to find outside funding sources, we might be required to issue
securities with greater rights than the securities we have
outstanding today. We might also be required to take other
actions that could lessen the value of our common stock,
including borrowing money on terms that are not favorable to us,
if at all.
</FONT>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I><FONT size="2">The markets in which we operate are highly
    competitive and we may be unable to compete successfully against
    new entrants and established companies with greater
    resources.</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">We compete in markets that are new, intensely
competitive, highly fragmented and rapidly changing. We have
experienced and expect to continue to experience increased
competition. Many of our current competitors, as well as a
number of our potential competitors, have longer operating
histories, greater name recognition, broader customer
relationships and industry alliances and substantially greater
financial, technical and marketing resources than we do. Our
competitors may be able to respond more quickly than we can to
new or emerging technologies and changes in customer
requirements. Some of our current or potential competitors may
bundle their services with other services, software or hardware
in a manner that may discourage website owners from purchasing
any service we offer or ISPs from installing our servers.
Increased competition could result in price and revenue
reductions, loss of customers and loss of market share, which
could materially and adversely affect our business, financial
condition and results of operations.
</FONT>

<P align="center"><FONT size="2">7
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I><FONT size="2">If the prices we charge for our services
    decline over time, our business and financial results are likely
    to suffer.</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Prices we have been charging for some of our
services have declined in recent years. We expect that this
decline may continue in the future as a result of, among other
things, existing and new competition in the markets we address.
Consequently, our historical revenue rates may not be indicative
of future revenue based on comparable traffic volumes. If we are
unable to sell our services at acceptable prices relative to our
costs or if we are unsuccessful with our strategy of
&#147;upselling&#148; our higher-priced services to our
EdgeSuite delivery customers, our revenue and gross margins will
decrease, and our business and financial results will suffer.
</FONT>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I><FONT size="2">Reduction of revenue from Microsoft would
    cause our business and financial results to
    suffer.</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">For the year ended December&nbsp;31, 2003,
Microsoft accounted for more than 10% of our revenue. In
September 2003, we entered into an amendment to our content
delivery services customer agreement with Microsoft that has a
two-year term and includes a minimum usage commitment. Microsoft
will have the right to reduce its commitment levels by 50% for
the second year of the term and convert the contract to a
month-to-month term after the first year if the parties fail to
reach agreement as to appropriate price changes after the first
year of the term. A significant decline in sales to Microsoft
would reduce our revenue and cause our business and financial
results to suffer.
</FONT>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I><FONT size="2">Any unplanned interruption in our network
    or services could lead to significant costs and disruptions that
    could reduce our revenue and harm our business, financial
    results and reputation.</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Our business is dependent on providing our
customers with fast, efficient and reliable distribution of
application and content delivery services over the Internet. For
our core services, we currently provide a guarantee that our
networks will deliver Internet content 24 hours a day, seven
days a week, 365 days a year. If we do not meet this standard,
our customer does not pay for all or a part of its services on
that day. Our network or services could be disrupted by numerous
events, including natural disasters, failure or refusal of our
third-party network providers to provide the capacity, power
losses, and intentional disruptions of our services, such as
disruptions caused by software viruses or attacks by
unauthorized users. Any widespread loss or interruption of our
network or services would reduce our revenue and could harm our
business, financial results and reputation.
</FONT>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I><FONT size="2">We may have insufficient transmission
    capacity which could result in interruptions in our services and
    loss of revenue.</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Our operations are dependent in part upon
transmission capacity provided by third-party telecommunications
network providers. We believe that we have access to adequate
capacity to provide our services; however, there can be no
assurance that we are adequately prepared for unexpected
increases in bandwidth demands by our customers. In addition,
the bandwidth we have contracted to purchase may become
unavailable for a variety of reasons. For example, a number of
these network providers are operating under the protection of
the federal bankruptcy laws. As a result, there is uncertainty
about whether such providers, or others that enter into
bankruptcy, will be able to continue to provide services to us.
Any failure of these network providers to provide the capacity
we require, due to financial or other reasons, may result in a
reduction in, or interruption of, service to our customers. If
we do not have access to third-party transmission capacity, we
could lose customers. If we are unable to obtain transmission
capacity on terms commercially acceptable to us, our business
and financial results could suffer. In addition, our
telecommunications and network providers typically provide rack
space for our servers. Damage or destruction of, or other denial
of access to, a facility where our servers are housed could
result in a reduction in, or interruption of, service to our
customers.
</FONT>

<P align="center"><FONT size="2">8
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I><FONT size="2">Because our services are complex and are
    deployed in complex environments, they may have errors or
    defects that could seriously harm our business.</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Our services are highly complex and are designed
to be deployed in and across numerous large and complex
networks. From time to time, we have needed to correct errors
and defects in our software. In the future, there may be
additional errors and defects in our software that may adversely
affect our services. If we are unable to efficiently fix errors
or other problems that may be identified, we could experience
loss of revenues and market share, damage to our reputation,
increased expenses and legal actions by our customers.
</FONT>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I><FONT size="2">If the estimates we make, and the
    assumptions on which we rely, in preparing our financial
    statements prove inaccurate, our actual results may be adversely
    affected.</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Our financial statements have been prepared in
accordance with accounting principles generally accepted in the
United States of America. The preparation of these financial
statements requires us to make estimates and judgments about,
including without limitation taxes, revenue recognition,
capitalization of internal-use software, contingent obligations,
doubtful accounts and restructuring charges, that affect the
reported amounts of our assets, liabilities, revenues and
expenses, the amounts of charges accrued by us, such as those
made in connection with our restructuring charges, and related
disclosure of contingent assets and liabilities. We base our
estimates on historical experience and on various other
assumptions that we believe to be reasonable under the
circumstances. If our estimates or the assumptions underlying
them are not correct, we may need to accrue additional charges
which could adversely affect our results of operations, which in
turn could adversely affect our stock price.
</FONT>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I><FONT size="2">If our license agreement with MIT
    terminates, our business could be adversely
    affected.</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">We have licensed technology from MIT covered by
various patents, patent applications and copyrights relating to
Internet content delivery technology. Some of our technology is
based in part on the technology covered by these patents, patent
applications and copyrights. Our license is effective for the
life of the patents and patent applications; however, under
limited circumstances, such as a cessation of our operations due
to our insolvency or our material breach of the terms of the
license agreement, MIT has the right to terminate our license. A
termination of our license agreement with MIT could have a
material adverse effect on our business.
</FONT>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I><FONT size="2">We have incurred and could continue to
    incur substantial costs defending our intellectual property from
    infringement or a claim of infringement.</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Other companies or individuals, including our
competitors, may obtain patents or other proprietary rights that
would prevent, limit or interfere with our ability to make, use
or sell our services. As a result, we may be found to infringe
the proprietary rights of others. In the event of a successful
claim of infringement against us and our failure or inability to
license the infringed technology, our business and operating
results would be significantly harmed. Companies in the Internet
market are increasingly bringing suits alleging infringement of
their proprietary rights, particularly patent rights. We have
been named as a defendant in several lawsuits alleging that we
have violated other companies&#146; intellectual property
rights. Any litigation or claims, whether or not valid, could
result in substantial costs and diversion of resources and
require us to do one or more of the following:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">cease selling, incorporating or using products or
    services that incorporate the challenged intellectual property;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">pay substantial damages;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">obtain a license from the holder of the infringed
    intellectual property right, which license may not be available
    on reasonable terms or at all; and
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">redesign products or services.
    </FONT></TD>
</TR>

</TABLE>

<P align="center"><FONT size="2">9
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">If we are forced to take any of these actions,
our business may be seriously harmed.
</FONT>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I><FONT size="2">Our business will be adversely affected if
    we are unable to protect our intellectual property rights from
    third-party challenges.</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">We rely on a combination of patent, copyright,
trademark and trade secret laws and restrictions on disclosure
to protect our intellectual property rights. We have brought
numerous lawsuits against entities that we believe are
infringing on our intellectual property rights. These legal
protections afford only limited protection. Monitoring
unauthorized use of our services is difficult and we cannot be
certain that the steps we have taken will prevent unauthorized
use of our technology, particularly in foreign countries where
the laws may not protect our proprietary rights as fully as in
the United States. Although we have licensed from other parties
proprietary technology covered by patents, we cannot be certain
that any such patents will not be challenged, invalidated or
circumvented. Furthermore, we cannot be certain that any pending
or future patent applications will be granted, that any future
patent will not be challenged, invalidated or circumvented, or
that rights granted under any patent that may be issued will
provide competitive advantages to us.
</FONT>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I><FONT size="2">If we are unable to retain our key
    employees and hire qualified sales and technical personnel, our
    ability to compete could be harmed.</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Our future success depends upon the continued
services of our executive officers and other key technology,
sales, marketing and support personnel who have critical
industry experience and relationships that they rely on in
implementing our business plan. None of our officers or key
employees is bound by an employment agreement for any specific
term. We have a &#147;key person&#148; life insurance policy
covering only the life of F.&nbsp;Thomson Leighton, our Chief
Scientist and a member of our Board of Directors. The loss of
the services of any of our key employees could delay the
development and introduction of and negatively impact our
ability to sell our services.
</FONT>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I><FONT size="2">We face risks associated with international
    operations that could harm our business.</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">We have operations in several foreign countries
and may continue to expand our sales and support organizations
internationally. Such expansion could require us to make
significant expenditures. We are increasingly subject to a
number of risks associated with international business
activities that may increase our costs, lengthen our sales cycle
and require significant management attention. These risks
include:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">lack of market acceptance of our software and
    services abroad;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">increased expenses associated with marketing
    services in foreign countries;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">general economic conditions in international
    markets;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">currency exchange rate fluctuations;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">unexpected changes in regulatory requirements
    resulting in unanticipated costs and delays;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">tariffs, export controls and other trade barriers;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">longer accounts receivable payment cycles and
    difficulties in collecting accounts receivable; and
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">potentially adverse tax consequences.
    </FONT></TD>
</TR>

</TABLE>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I><FONT size="2">As part of our business strategy, we have
    entered into and may enter into or seek to enter into business
    combinations and acquisitions that may be difficult to
    integrate, disrupt our business, dilute stockholder value or
    divert management attention.</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">We have made acquisitions of other companies in
the past and may enter into additional business combinations and
acquisitions in the future. Acquisitions are typically
accompanied by a number of risks, including the difficulty of
integrating the operations and personnel of the acquired
companies, the potential disruption of our ongoing business, the
potential distraction of management, expenses related to the
</FONT>

<P align="center"><FONT size="2">10
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV align="left">
<FONT size="2">acquisition and potential unknown liabilities
associated with acquired businesses. If we are not successful in
completing acquisitions that we may pursue in the future, we may
be required to reevaluate our business strategy, and we may have
incurred substantial expenses and devoted significant management
time and resources without a productive result. In addition,
with future acquisitions, we could use substantial portions of
our available cash or make dilutive issuances of securities.
Future acquisitions or attempted acquisitions could have an
adverse effect on our ability to become profitable.
</FONT>
</DIV>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I><FONT size="2">Internet-related and other laws could
    adversely affect our business.</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Laws and regulations that apply to communications
and commerce over the Internet are becoming more prevalent. In
particular, the growth and development of the market for online
commerce has prompted calls for more stringent tax, consumer
protection and privacy laws, both in the United States and
abroad, that may impose additional burdens on companies
conducting business online. This could negatively affect the
businesses of our customers and reduce their demand for our
services. Tax laws that might apply to our servers which are
located in many different jurisdictions could require us to pay
additional taxes that would adversely affect our profitability.
Internet-related laws, however, remain largely unsettled, even
in areas where there has been some legislative action. The
adoption or modification of laws or regulations relating to the
Internet or our operations, or interpretations of existing law,
could adversely affect our business.
</FONT>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I><FONT size="2">Terrorist activities and resulting military
    and other actions could adversely affect our
    business.</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Terrorist attacks in New York, Pennsylvania and
Washington, D.C. in September 2001 disrupted commerce throughout
the United States and other parts of the world. The continued
threat of terrorism within the United States and abroad, and the
potential for military action and heightened security measures
in response to such threat, may cause significant disruption to
commerce throughout the world. To the extent that such
disruptions result in delays or cancellations of customer
orders, a general decrease in corporate spending on information
technology, or our inability to effectively market, sell or
operate our services and software, our business and results of
operations could be materially and adversely affected.
</FONT>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I><FONT size="2">A class action lawsuit has been filed
    against us that may be costly to defend and the outcome of which
    is uncertain and may harm our business.</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">We are named as a defendant in a purported class
action lawsuit filed in 2001 alleging that the underwriters of
our initial public offering received undisclosed compensation in
connection with our initial public offering of common stock in
violation of the Securities Act and the Securities Exchange Act
of 1934, as amended, which we refer to as the Exchange Act. This
litigation could be expensive and divert the attention of our
management and other resources. We can provide no assurance as
to the outcome of this action. Any conclusion of these matters
in a manner adverse to us could have a material adverse affect
on our financial position and results of operations.
</FONT>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I><FONT size="2">We may become involved in other litigation
    that may adversely affect us.</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">In the ordinary course of business, we may become
involved in litigation, administrative proceedings and
governmental proceedings. Such matters can be time-consuming,
divert management&#146;s attention and resources and cause us to
incur significant expenses. Furthermore, there can be no
assurance that the results of any of these actions will not have
a material adverse effect on our business, results of operations
or financial condition.
</FONT>

<P align="center"><FONT size="2">11
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV align="left">
<A name='103'></A>
</DIV>

<!-- link1 "RATIO OF EARNINGS TO FIXED CHARGES" -->

<P align="center">
<B><FONT size="2">RATIO OF EARNINGS TO FIXED CHARGES</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">We have not recorded earnings for any fiscal year
since inception and therefore have no earnings to cover fixed
charges. Earnings (loss)&nbsp;consists of loss before provision
for income taxes, dividends and accretion to preferred stock
redemption value, and losses for investments accounted for under
the equity method. Fixed charges consists of interest expense,
amortization of deferred financing costs and a portion of rental
expense that we believe to be representative of interest. The
following table discloses our dollar coverage deficiency. The
ratio of earnings to fixed charges is not disclosed since it is
a negative number in each year and period.
</FONT>

<CENTER>
<TABLE width="90%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="36%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="2"></TD>
    <TD></TD>
    <TD colspan="19"></TD>
</TR>

<TR>
    <TD colspan="2"></TD>
    <TD></TD>
    <TD colspan="19" align="center" nowrap><B><FONT size="1">For the Years Ended December 31,</FONT></B></TD>
</TR>

<TR>
    <TD colspan="2"></TD>
    <TD></TD>
    <TD colspan="19" align="center" nowrap><HR size="1" noshade></TD>
</TR>

<TR>
    <TD colspan="2"></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">2003</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">2002</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">2001</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">2000</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">1999</FONT></B></TD>
</TR>

<TR>
    <TD colspan="2" align="center" nowrap><FONT size="1">(in thousands)</FONT></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Fixed charges:
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Interest expense, including amortization of debt
    expense
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">18,324</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">18,357</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">18,859</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">8,928</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">2,145</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Estimate of interest within rental expense
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">1,995</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">3,168</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">4,752</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">3,135</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">198</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="2"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>

</TR>

<TR>
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Total fixed charges:
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">20,319</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">21,525</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">23,611</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">12,063</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">2,343</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="2"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>

</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Earnings:
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Pre-tax loss
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">(28,652</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="2">)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">(203,945</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="2">)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">(2,432,450</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="2">)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">(885,598</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="2">)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">(57,559</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="2">)</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Fixed charges per above
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">20,319</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">21,525</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">23,611</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">12,063</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">2,343</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="2"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>

</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Total loss before fixed charges
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">(8,333</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="2">)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">(182,420</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="2">)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">(2,408,839</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="2">)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">(873,535</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="2">)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">(55,216</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="2">)</FONT></TD>
</TR>

<TR>
    <TD colspan="2"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="4" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="4" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="4" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="4" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="4" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>

</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Deficiency of earnings available to cover fixed
    charges
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">(28,652</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="2">)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">(203,945</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="2">)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">(2,432,450</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="2">)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">(885,598</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="2">)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">(57,559</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="2">)</FONT></TD>
</TR>

<TR>
    <TD colspan="2"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="4" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="4" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="4" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="4" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="4" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>

</TR>

</TABLE>
</CENTER>

<P align="left">
<A name='104'></A>

<!-- link1 "SPECIAL NOTE REGARDING FORWARD-LOOKING INFORMATION" -->

<P align="center">
<B><FONT size="2">SPECIAL NOTE REGARDING FORWARD-LOOKING
INFORMATION</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">This prospectus contains forward-looking
statements that involve substantial risks and uncertainties. You
can identify these statements by forward-looking words such as
&#147;anticipate,&#148; &#147;believe,&#148; &#147;could,&#148;
&#147;estimate,&#148; &#147;expect,&#148; &#147;intend,&#148;
&#147;may,&#148; &#147;should,&#148; &#147;will,&#148; and
&#147;would&#148; or similar words. You should carefully read
statements that contain these words because they discuss our
future expectations, contain projections of our future results
of operations or of our financial position or state other
&#147;forward-looking&#148; information. We believe that it is
important to communicate our future expectations to our
investors. However, there may be events in the future that we
are not able to accurately predict or control. The factors
listed above in the section captioned &#147;Risk Factors,&#148;
as well as any cautionary language in this prospectus, provide
examples of risks, uncertainties and events that may cause our
actual results to differ materially from the expectations we
describe in our forward-looking statements. Before you invest,
you should be aware that the occurrence of the events described
in these risk factors and elsewhere in this prospectus could
have a material adverse effect on our business, results of
operations and financial position.
</FONT>

<P align="left">
<A name='105'></A>

<!-- link1 "USE OF PROCEEDS" -->

<P align="center">
<B><FONT size="2">USE OF PROCEEDS</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">All of the convertible notes and the shares of
common stock issuable upon conversion of the convertible notes
are being sold by the selling securityholders or by their
pledgees, donees, transferees or other successors in interest.
We will not receive any proceeds from the sale of the
convertible notes or the shares of our common stock issuable
upon conversion of the convertible notes.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The selling securityholders will pay any
underwriting discounts and commissions and expenses incurred by
the selling securityholders for brokerage, accounting, tax or
legal services or any other expenses incurred by the selling
securityholders in disposing of the shares. We will bear all
other costs, fees and expenses incurred in effecting the
registration of the shares covered by this prospectus,
including, without limitation, all registration and filing fees,
NASDAQ National Market listing fees and fees and expenses of our
counsel and our accountants.
</FONT>

<P align="center"><FONT size="2">12
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV align="left">
<A name='106'></A>
</DIV>

<!-- link1 "DESCRIPTION OF CONVERTIBLE NOTES" -->

<P align="center">
<B><FONT size="2">DESCRIPTION OF CONVERTIBLE NOTES</FONT></B>

<P align="left">
<B><FONT size="2">General</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The convertible notes have been issued under an
indenture, dated as of December&nbsp;12, 2003, between us and
U.S. Bank National Association, as trustee. The following
description is a summary of the material provisions of the
indenture. You can find the definitions of certain terms used in
this description under the subheading &#147;Definitions.&#148;
This description does not restate this agreement in its
entirety. We urge you to read the indenture and registration
rights agreement because they, and not this description, define
your rights as holders of the convertible notes.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The convertible notes are senior unsecured
obligations and rank, in right of payment, the same as all of
our existing and future senior unsecured indebtedness. The
convertible notes rank senior in right of payment to all of our
subordinated indebtedness and will be effectively subordinated
to any secured indebtedness. In addition, any outstanding
liabilities and other obligations of our subsidiaries are and
will be structurally senior to the convertible notes. The
convertible notes are convertible into our common stock as
described under the heading &#147;Conversion&#148; below. The
indenture does not contain any financial covenants or
restrictions on the payment of dividends, the incurrence of
indebtedness or issuance or repurchase of our securities. The
indenture contains no covenants or other provisions to afford
protection to holders of the convertible notes in the event of a
highly leveraged transaction by us except to the extent
described under &#147;Repurchase at the Option of
Holders&nbsp;&#151; Repurchase Upon a Change in Control.&#148;
The convertible notes are not guaranteed by any of our
subsidiaries. We are not required to make sinking fund payments
with respect to the convertible notes.
</FONT>

<P align="left">
<B><FONT size="2">Principal, Maturity and Interest</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">There is outstanding an aggregate principal
amount of $200,000,000 of the convertible notes. The convertible
notes mature on December&nbsp;15, 2033. Interest on the
convertible notes accrues at a rate of 1.0% per annum from
December&nbsp;12, 2003, payable semiannually on June&nbsp;15 and
December&nbsp;15, commencing on June&nbsp;15, 2004. We will make
each interest payment to the holders of record of the
convertible notes on the immediately preceding June 1 and
December 1. Interest will be computed on the basis of a 360-day
year comprised of twelve 30-day months.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The convertible notes are payable both as to
principal and interest on presentation of the convertible notes
if in certificated form at the offices or agencies we maintain
for such purpose within the City and State of New York or, at
our option, payment of interest may be made by check mailed to
the holders of the convertible notes at their respective
addresses set forth in the register of holders of convertible
notes or, if a holder who holds an aggregate principal amount of
at least $5.0&nbsp;million of convertible notes so requests, by
wire transfer of immediately available funds to an account
previously specified in writing by such holder to us and the
trustee. Until otherwise designated by us, our office or agency
in New York will be the offices of the trustee maintained for
such purpose. The convertible notes are in registered form,
without coupons, and in denominations of $1,000 and integral
multiples of $1,000.
</FONT>

<P align="left">
<B><FONT size="2">Ranking</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The convertible notes are senior unsecured
obligations and rank, in right of payment, the same as all of
our existing and future senior unsecured indebtedness. The
convertible notes rank senior in right of payment to all of our
subordinated indebtedness and will be effectively subordinated
to any secured indebtedness. The convertible notes are senior to
our outstanding 5&nbsp;1/2% notes.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The convertible notes are our exclusive
obligations. Our right to receive assets of any of our
subsidiaries upon their liquidation or reorganization (and the
consequent right of the holders of the convertible notes to
participate in those assets) is effectively subordinated to the
claims of that subsidiary&#146;s creditors (including trade
creditors), except to the extent that we are recognized as a
creditor of that subsidiary, in which case our claims would
still be subordinate to any security interests in the assets of
that subsidiary and any indebtedness of that subsidiary senior
to that held by us.
</FONT>

<P align="center"><FONT size="2">13
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The indenture does not limit the amount of
additional indebtedness, including any secured indebtedness,
that we may create, incur, assume or guarantee, nor does the
indenture limit the amount of indebtedness and other liabilities
that any of our subsidiaries may create, incur, assume or
guarantee.
</FONT>

<P align="left">
<B><FONT size="2">Conversion</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Subject to the conditions described below, the
holder of any convertible note may convert the principal amount
of the convertible note (or any portion of it that is an
integral multiple of $1,000) into shares of our common stock at
the conversion price set forth on the cover page of this
prospectus, subject to adjustment as described below, which we
refer to as the &#147;conversion price.&#148;
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">If any convertible notes are converted during the
period after any record date but before the next interest
payment date, interest on those convertible notes will be paid
on the next interest payment date, notwithstanding such
conversion, to the holder of record on the record date of those
convertible notes. However, any convertible notes that are
delivered to us for conversion after any record date but before
the next interest payment date must, except as described in the
next sentence, be accompanied by a payment equal to the interest
payable on such interest payment date on the principal amount of
convertible notes being converted. We will not require the
payment to us described in the preceding sentence if, during
that period between a record date and the next interest payment
date, convertible notes are delivered for conversion on or after
the date that we have issued a redemption notice and prior to
the date of redemption. If any convertible notes are converted
after an interest payment date but on or before the next record
date, no interest will be paid on those convertible notes. No
fractional shares will be issued upon conversion, but a cash
adjustment will be made for any fractional shares.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Holders may surrender their convertible notes for
conversion into shares of our common stock prior to stated
maturity under the following circumstances:
</FONT>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I><FONT size="2">Conversion Upon Satisfaction of Market
    Price Condition</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">A holder may surrender any of its convertible
notes for conversion into shares of our common stock during any
calendar quarter commencing after March 31, 2004 if the closing
sale price of our common stock for at least 20 trading days in
the period of 30 consecutive trading days ending on the last
trading day of the previous quarter is more than 120% of the
conversion price per share of common stock on such last trading
day.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The &#147;closing sale price&#148; of our common
stock on any trading day generally means the closing per share
sale price (or, if no closing sale price is reported, the
average of the bid and ask prices or, if more than one in either
case, the average of the average bid and the average ask prices)
on such date on the principal national securities exchange on
which our common stock is listed or, if our common stock is not
listed on a national securities exchange, as reported by the
NASDAQ system or otherwise as provided in the indenture.
</FONT>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I><FONT size="2">Conversion Upon Redemption</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">A holder may surrender for conversion any
convertible note called for redemption at any time prior to the
close of business two business days prior to the redemption
date, even if it is not otherwise convertible at such time.
</FONT>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I><FONT size="2">Conversion Upon Specified Corporate
    Transactions</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">If we elect to:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">distribute to all holders of our common stock
    certain rights entitling them to purchase shares of our common
    stock at less than the current market price of our common stock
    as of the business day prior to the date of declaration for such
    distribution or
    </FONT></TD>
</TR>

</TABLE>

<P align="center"><FONT size="2">14
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">distribute to all holders of our common stock our
    assets, debt securities or certain rights to purchase our
    securities, which distribution has a per share value exceeding
    15% of the closing sale price of our common stock on the trading
    day preceding the declaration date for such distribution,
    </FONT></TD>
</TR>

</TABLE>

<P align="left">
<FONT size="2">we must notify the holders of the convertible
notes at least 20&nbsp;days prior to the ex-dividend date or
such distribution. Once we have given such notice, holders may
surrender their convertible notes for conversion at any time
until the earlier of the close of business on the business day
prior to the ex-dividend date or our announcement that such
distribution will not take place, even if the convertible notes
are not otherwise convertible at such time; provided that a
holder may not exercise this right to convert if the holder will
otherwise participate in the distribution without conversion.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">If we are party to a consolidation, merger or
binding share exchange pursuant to which our common stock would
be converted into cash, securities or other property (other than
if such property consists of shares of voting common stock of
the surviving person that are, or upon issuance will be, traded
on a United States national securities exchange or approved for
trading on an established automated over-the-counter trading
market in the United States, and such shares represent at least
95% of the aggregate fair market value (as determined by our
board of directors) of such property), a holder may surrender
its convertible notes for conversion at any time from and after
the date which is 15&nbsp;days prior to the anticipated
effective date of the transaction until 15 days after the actual
effective date of such transaction. If we are a party to a
consolidation, merger or binding share exchange pursuant to
which our common stock is converted into cash, securities or
other property, then at the effective time of the transaction,
the right to convert a convertible note into common stock will
be changed into a right to convert it into the kind and amount
of cash, securities or other property which the holder would
have received if the holder had converted its convertible notes
immediately prior to the transaction. If the transaction also
constitutes a Change in Control, a holder can require us to
repurchase all or a portion of its convertible notes as
described below under &#147;Repurchase at the Option of
Holders&nbsp;&#151; Repurchase Upon a Change in Control.&#148;
</FONT>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I><FONT size="2">Conversion Upon Satisfaction of Trading
    Price Condition</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">A holder may surrender any of its convertible
notes for conversion into shares of our common stock during the
five trading day period immediately following any ten
consecutive trading day period in which the trading price per
$1,000 principal amount of the convertible notes (as determined
following a request by a holder of the convertible notes in
accordance with the procedures described below) for each day of
such ten day period is less than 95% of the product of the
closing sale price of our common stock on that day multiplied by
the number of shares of our common stock issuable upon
conversion of $1,000 principal amount of the convertible notes;
provided, however, that if, on the day before any conversion
pursuant to this 95% price condition that is on or after
December&nbsp;15, 2028, the closing sale price of our common
stock is greater than 100% but less than 120% of the conversion
price, then a holder surrendering convertible notes for such
conversion will receive, in lieu of a number of shares of our
common stock based on the conversion price, an amount in common
stock equal to the principal amount of such holder&#146;s
convertible notes so surrendered plus accrued and unpaid
interest as of the conversion date (which we refer to as a
principal value conversion). Any shares of our common stock
delivered will be valued at the greater of (x)&nbsp;the
conversion price on the conversion date and (y)&nbsp;the average
closing sale price of our common stock for a five trading day
period commencing on the third trading day after the conversion
date. We will deliver the shares to such holder on the ninth
trading day following the conversion date.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">We define the trading price of the convertible
notes on any date of determination as the average of the
secondary market bid quotations per $1,000 principal amount of
convertible notes obtained by the conversion agent for
$5,000,000 in principal amount of the convertible notes at
approximately 3:30 p.m., New York City time, on such
determination date from three independent nationally recognized
securities dealers we select, provided that if at least three
such bids cannot reasonably be obtained by the conversion agent,
but two such bids are obtained, then the average of the two bids
shall be used, and if only one such bid can reasonably be
obtained by the conversion agent, this one bid shall be used. If
the conversion agent cannot reasonably obtain at least one bid
for $5,000,000 in principal amount of the convertible notes from
a nationally recognized securities dealer or, in our reasonable
judgment, the bid quotations are not
</FONT>

<P align="center"><FONT size="2">15
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV align="left">
<FONT size="2">indicative of the secondary market value of the
convertible notes, then the trading price of the convertible
notes will be deemed to be equal to the product of the number of
shares of our common stock issuable upon conversion of $1,000
principal amount of the convertible notes on such date of
determination and the average of the closing sale prices for the
10 consecutive trading days ending on, and including such date
of determination, subject to adjustment to account for any
events requiring an adjustment to the conversion price. The
conversion agent shall have no obligation to determine the
trading price of the convertible notes unless we have requested
such determination; and we shall have no obligation to make such
request unless a holder provides us with reasonable evidence
that the trading price of the convertible notes is less than 95%
of the product of the closing sale price of our common stock and
the number of shares issuable upon conversion of $1,000
principal amount of the convertible notes; at which time, we
shall instruct the conversion agent to determine the trading
price of the convertible notes beginning on the next trading day
and on each successive trading day until the trading price is
greater than or equal to 95% of the product of the closing sale
price of our common stock and the number of shares of our common
stock issuable upon conversion of $1,000 principal amount of the
convertible notes.
</FONT>
</DIV>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I><FONT size="2">Conversion Procedures</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">You will not receive any cash payment
representing accrued and unpaid interest upon conversion of a
convertible note. Instead, upon conversion we will deliver to
you a fixed number of shares of our common stock and any cash
payment to account for fractional shares. The cash payment for
fractional shares will be based on the sale price of our common
stock on the trading day immediately prior to the conversion
date. Delivery of shares of common stock will be deemed to
satisfy our obligation to pay the principal amount of the
convertible notes, including accrued interest. Accrued and
unpaid interest will be deemed paid in full rather than
canceled, extinguished or forfeited. We will not adjust the
conversion price to account for the accrued interest. The
trustee will initially act as the conversion agent.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">If a holder wishes to exercise its conversion
right, such holder must deliver an irrevocable conversion
notice, together, if the convertible notes are in certificated
form, with the certificated security, to the conversion agent
who will, on the holder&#146;s behalf, convert the convertible
notes into shares of our common stock. Holders may obtain copies
of the required form of the conversion notice from the
conversion agent.
</FONT>

<P align="left">
<B><FONT size="2">Conversion Price Adjustments</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The conversion price is subject to adjustment
upon the occurrence of certain events, including:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(1)&nbsp;the issuance of shares of common stock
    as a dividend or distribution on the common stock;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(2)&nbsp;the subdivision or combination of the
    outstanding common stock;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(3)&nbsp;the issuance to substantially all
    holders of common stock of rights or warrants to subscribe for
    or purchase common stock (or securities convertible into common
    stock) at a price per share less than the then current market
    price per share, as defined;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(4)&nbsp;the distribution of shares of our
    capital stock (other than common stock), evidences of
    indebtedness or other assets (excluding dividends in cash,
    except as described in clause (5)&nbsp;below) to all holders of
    common stock;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(5)&nbsp;the distribution, by dividend or
    otherwise, of cash to all holders of common stock;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(6)&nbsp;the payment of an Excess Payment in
    respect of a tender offer or other negotiated transaction by us
    or any of our subsidiaries for common stock;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(7)&nbsp;the distribution to substantially all
    holders of common stock of rights or warrants to subscribe for
    securities (other than those referred to in clause
    (3)&nbsp;above). In the event of a distribution to substantially
    all holders of common stock of rights to subscribe for
    additional shares of our capital stock (other than those
    referred to in clause (3)&nbsp;above), we may, instead of making
    any adjustment in the conversion price, make proper provision so
    that each holder of a convertible note who converts the
    convertible note after the record date for the distribution and
    prior to the expiration
    </FONT></TD>
</TR>

</TABLE>

<P align="center"><FONT size="2">16
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <FONT size="2">or redemption of the rights will be entitled to
    receive upon that conversion, in addition to shares of common
    stock, an appropriate number of rights.
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">No adjustment of the conversion price will be
made until cumulative adjustments amount to one percent or more
of the conversion price as last adjusted. However, we will carry
forward any adjustments that are less than one percent of the
conversion price. Except as described above in this section, we
will not adjust the conversion price.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">If we reclassify or change our outstanding common
stock, or consolidate with or merge into or transfer or lease
all or substantially all of our assets to any person, or we are
a party to a merger that reclassifies or changes our outstanding
common stock, the convertible notes will become convertible into
the kind and amount of securities, cash or other assets that the
holders of the convertible notes would have owned immediately
after the transaction if the holders had converted the
convertible notes immediately before the effective date of the
transaction.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The indenture also provides that if rights,
warrants or options expire unexercised, the conversion price
shall be readjusted to take into account the actual number of
warrants, rights or options which were exercised.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">In the indenture, the &#147;current market
price&#148; per share of common stock on any date is deemed to
be the average of the daily closing sale prices for the shorter
of (1)&nbsp;10 consecutive trading days ending on the last full
trading day on the exchange or market referred to in determining
the daily market prices prior to the time of determination (as
defined in the indenture) or (2)&nbsp;the period commencing on
the date next succeeding the first public announcement of the
issuance of rights or warrants or distribution through the last
full trading day prior to the time of determination.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">We will be permitted to make such reductions in
the conversion price as we, in our discretion, determine to be
advisable in order that any stock dividend, subdivision of
shares, distribution or rights to purchase stock or securities
or distribution of securities convertible into or exchangeable
for stock made by us to our stockholders will not be taxable to
the recipients.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">To the extent that we have a rights plan in
effect, upon conversion of the convertible notes into common
stock, the holder will receive, in addition to the shares of
common stock, the rights under the rights plan, whether or not a
rights certificate has been issued separate from the common
stock issued at the time of conversion, subject to the
exceptions set forth in the plan, and no adjustments to the
conversion price will be made, except in limited circumstances.
Our existing rights agreement and the rights under it are
described under &#147;Description of Capital Stock.&#148; The
conversion price will not be adjusted as a result of the
distribution of separate certificates representing rights under
this or any other future stockholders&#146; rights plan or the
exercise of rights in accordance with such plan.
</FONT>

<P align="left">
<B><FONT size="2">Optional Redemption</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">At any time on or after December&nbsp;15, 2010,
we may redeem any portion of the convertible notes, in whole or
in part, on at least 30&nbsp;days&#146; but no more than
60&nbsp;days&#146; notice, for cash at a redemption price equal
to 100% of the principal amount, together with accrued and
unpaid interest, to, but excluding, the redemption date.
</FONT>

<P align="left">
<B><FONT size="2">Selection and Notice</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">If less than all of the convertible notes are to
be redeemed at any time, selection of convertible notes for
redemption will be made by the trustee in compliance with the
requirements of any securities exchange on which the convertible
notes are listed. In the absence of any requirements of any
securities exchange or if the convertible notes are not listed,
selection of the convertible note to be redeemed will be made by
lot, pro rata or any other method the trustee considers fair and
appropriate, provided that no convertible notes of $1,000 or
less will be redeemed in part. Notice of redemption will be
mailed by first class mail at least 30 but not more than
60&nbsp;days before the redemption date to each holder of
convertible notes to be redeemed at its registered address. If
any convertible note is to be redeemed in part only, the notice
of
</FONT>

<P align="center"><FONT size="2">17
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV align="left">
<FONT size="2">redemption that relates to that convertible note
will state the portion of the principal amount to be redeemed. A
new convertible note in principal amount equal to the unredeemed
portion will be issued in the name of the holder upon
cancellation of the original convertible note. On and after the
redemption date, interest ceases to accrue on convertible notes
or portions of them called for redemption.
</FONT>
</DIV>

<P align="left">
<B><FONT size="2">Repurchase at the Option of Holders</FONT></B>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I><FONT size="2">Repurchase at Designated
    Times</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Holders of the convertible notes have the right
to require us to repurchase the convertible notes on
December&nbsp;15, 2010, December&nbsp;15, 2013,
December&nbsp;15, 2018, December&nbsp;15, 2023 and
December&nbsp;15, 2028, each of which we refer to as a
&#147;repurchase date.&#148; We will be required to repurchase
any outstanding convertible notes for which a holder delivers a
written repurchase notice to the paying agent. This notice must
be delivered during the period beginning at any time from the
opening of business on the date that is 20 business days prior
to the relevant repurchase date until the close of business two
business days prior to the repurchase date. If the repurchase
notice is given and withdrawn during such period, we will not be
obligated to repurchase the related convertible notes. Our
repurchase obligation will be subject to some additional
conditions as described in the indenture. Also, our ability to
satisfy our repurchase obligations may be affected by the
factors described in &#147;Risk Factors&#148; under the caption
&#147;We may be unable to finance the repurchase of the
convertible notes even if required by the holders pursuant to
the indenture.&#148;
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The repurchase price payable will be equal to
100% of the principal amount of the convertible notes to be
repurchased plus any accrued and unpaid interest to such
repurchase date. We will pay the repurchase price and any
accrued and unpaid interest in cash. A holder&#146;s notice
electing to require us to repurchase its convertible notes must
state:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">if certificated convertible notes have been
    issued, the convertible notes certificate numbers, or if not
    certificated, a holder&#146;s notice must comply with
    appropriate DTC procedures; and
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">the portion of the principal amount of
    convertible notes to be repurchased, in multiples of $1,000.
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">You may withdraw any repurchase notice by a
written notice of withdrawal delivered to the paying agent prior
to the close of business on the date that is two business days
prior to the repurchase date. The notice of withdrawal must
state:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">the principal amount of the withdrawn convertible
    notes;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">if certificated convertible notes have been
    issued, the certificate numbers of the withdrawn convertible
    notes, or if not certificated, your notice must comply with
    appropriate DTC procedures; and
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">the principal amount, if any, which remains
    subject to the repurchase notice.
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">A holder must either effect book-entry transfer
or deliver the convertible notes, together with necessary
endorsements, to the office of the paying agent after delivery
of the repurchase notice and prior to the close of business on
the date which is two business days prior to the applicable
repurchase date to receive payment of the repurchase price. You
will receive payment on the repurchase date or the time of
book-entry transfer or the delivery of the convertible notes. If
the paying agent holds money or securities sufficient to pay the
repurchase price of the convertible notes for which proper and
timely notice have been provided electing to have us repurchase
such convertible notes on the business day following the
applicable repurchase date, then:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">such convertible notes will cease to be
    outstanding;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">interest will cease to accrue on such convertible
    notes; and
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">all other rights of the holder of such
    convertible notes will terminate.
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">This will be the case whether or not book-entry
transfer of the convertible notes is made or whether or not the
convertible note is delivered to the paying agent.
</FONT>

<P align="center"><FONT size="2">18
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I><FONT size="2">Repurchase Upon a Change in
    Control</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">If a Change in Control, which is further
described below, occurs, each holder of convertible notes will
have the right to require us to repurchase all or any part of
the holder&#146;s convertible notes on the date fixed by us that
is not less than 30&nbsp;days nor more than 45&nbsp;days after
we give notice of the Change in Control. We will repurchase such
convertible notes for an amount in cash equal to 100% of the
principal amount, plus accrued and unpaid interest, if any, to
the date of repurchase.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">A Change in Control means the occurrence of one
or more of the following events:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(1)&nbsp;any sale, lease, exchange or other
    transfer (in one transaction or a series of related
    transactions) of all or substantially all of our assets to any
    Person or group of related Persons, other than to any of our
    wholly-owned subsidiaries, as defined in Section&nbsp;13(d) of
    the Exchange Act, or a Group (whether or not otherwise in
    compliance with the provisions of the indenture);
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(2)&nbsp;the approval by the holders of our
    capital stock of any plan or proposal for our liquidation or
    dissolution (whether or not otherwise in compliance with the
    provisions of the indenture);
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(3)&nbsp;any Person or Group shall become the
    beneficial owner (as defined in Rule&nbsp;13d-3 under the
    Exchange Act) of shares representing more than 50% of the
    aggregate ordinary voting power represented by our issued and
    outstanding voting stock;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(4)&nbsp;the first day on which a majority of the
    members of our board of directors are not continuing directors
    (as described below); or
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(5)&nbsp;any consolidation by us with, or merger
    by us with or into, another Person or any consolidation by
    another Person with, or merger by another Person with or into,
    us, in any such event other than pursuant to a transaction in
    which the Persons that beneficially owned (as defined in Rule
    13d-3 under the Exchange Act), directly or indirectly, the
    shares of our voting stock immediately prior to such
    transaction, beneficially own, directly or indirectly,
    immediately after such transaction, shares of voting stock of
    the continuing or surviving corporation representing at least a
    majority of the total voting power of all outstanding classes of
    voting stock of the continuing or surviving corporation in
    substantially the same proportion as such ownership immediately
    prior to the transaction.
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The definition of a Change in Control includes a
phrase relating to the sale, lease, exchange or other transfer
of &#147;all or substantially all&#148; of our assets. Although
there is a developing body of case law interpreting the phrase
&#147;substantially all,&#148; there is no precise definition of
the phrase under applicable law. Accordingly, the ability of a
holder of convertible notes to require us to repurchase such
convertible notes as a result of a sale, lease, exchange or
other transfer of less than all of our assets to another person
or Group may be uncertain.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The term &#147;continuing directors&#148; means,
as of any date of determination, any member of our board of
directors who:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(1)&nbsp;was a member of such board of directors
    on the date of the original issuance of the convertible notes; or
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(2)&nbsp;was nominated for election or elected to
    such board of directors with the approval of: (A)&nbsp;a
    majority of the continuing directors who were members of such
    board at the time of such nomination or election, or (B)&nbsp;a
    nominating committee, a majority of which committee shall be the
    continuing directors who were members of such board at the time
    of such nomination or election.
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The term &#147;beneficial owner&#148; will be
determined in accordance with Rules 13d-3 and 13d-5 promulgated
by the SEC under the Exchange Act or any successor provision,
except that a person shall be deemed to have &#147;beneficial
ownership&#148; of all shares of our common stock that the
person has the right to acquire, whether exercisable immediately
or only after the passage of time.
</FONT>

<P align="center"><FONT size="2">19
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">On or before the 30th day after the Change in
Control, we must mail to the trustee and all holders of the
convertible notes a notice of the occurrence of a Change in
Control, stating, among other things:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(1)&nbsp;that the Change in Control offer is
    being made under the covenant entitled &#147;Repurchase at the
    Option of Holder&nbsp;&#151; Repurchase Upon a Change in
    Control&#148; and that all convertible notes tendered will be
    accepted for payment;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(2)&nbsp;the repurchase price and the repurchase
    date, which date will be no earlier than 30&nbsp;days nor later
    than 45&nbsp;days from the date the notice is mailed;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(3)&nbsp;that interest will continue to accrue on
    any convertible notes not tendered, as provided in the
    convertible notes;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(4)&nbsp;that, unless we default in the payment
    of the repurchase price, with respect to all convertible notes
    accepted for payment under the Change in Control offer, interest
    will cease to accrue after the repurchase date;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(5)&nbsp;that holders electing to have any
    convertible notes repurchased under a Change in Control offer
    will be required to surrender the convertible notes, with the
    form entitled Option of Holder to Elect Repurchase on the
    reverse of the convertible notes completed, to the paying agent
    at the address specified in the notice prior to the close of
    business on the third business day preceding the repurchase date;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(6)&nbsp;that holders will be entitled to
    withdraw their election if the payment agent receives, not later
    than the close of business on the second business day preceding
    the repurchase date, a telegram, telex, facsimile transmission
    or letter setting forth the name of the holder, the principal
    amount of convertible notes delivered for repurchase, and a
    statement that the holder is withdrawing his election to have
    the convertible notes repurchased; and
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(7)&nbsp;that holders whose convertible notes are
    being repurchased only in part will be issued new convertible
    notes equal in principal amount to the unrepurchased portion of
    the convertible notes surrendered, which unrepurchased portion
    must be equal to $1,000 or an integral multiple thereof in
    principal amount.
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">We will comply with the requirements of
Rules&nbsp;13e-4 and 14e-1 under the Exchange Act and any other
securities laws and regulations to the extent those laws and
regulations are applicable in connection with the repurchase of
the convertible notes in connection with a Change in Control. On
the repurchase date, we will, to the extent lawful:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(1)&nbsp;accept for payment convertible notes or
    portions of convertible notes tendered under the Change in
    Control offer;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(2)&nbsp;deposit with the paying agent an amount
    equal to the repurchase price in respect of all convertible
    notes or portions of convertible notes tendered; and
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(3)&nbsp;deliver or cause to be delivered to the
    trustee the convertible notes accepted together with an
    Officers&#146; Certificate stating the convertible notes or
    portions of convertible notes tendered to us.
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The paying agent will promptly mail or deliver to
each holder of convertible notes accepted payment in an amount
equal to the repurchase price for the convertible notes. The
trustee will promptly authenticate and mail to each holder a new
convertible note equal in principal amount to any unrepurchased
portion of the convertible notes surrendered, if any; provided
that each new convertible note will be in a principal amount of
$1,000 or an integral multiple of $1,000. We will publicly
announce the results of the Change in Control offer on or as
soon as practicable after the repurchase date.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Our obligation to make a Change in Control offer
will be satisfied if a third party makes the Change in Control
offer in the manner and at the times and otherwise in compliance
in all material respects with the requirements applicable to a
Change in Control offer made by us and repurchases all
convertible notes properly tendered and not withdrawn under the
Change in Control offer.
</FONT>

<P align="center"><FONT size="2">20
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Except as described above, the indenture does not
contain any other provision that permits the holders of the
convertible notes to require that we repurchase or redeem the
convertible notes in the event of a takeover, recapitalization
or similar restructuring. The Change in Control offer
requirement of the convertible notes may, in certain
circumstances, make more difficult or discourage a takeover of
us, and, thus, the removal of incumbent management. Management
has not entered into any agreement or plan involving a Change in
Control, although it is possible that we would decide to do so
in the future. Subject to the limitations discussed below, we
could, in the future, enter into various transactions including
acquisitions, refinancings or other recapitalizations, that
would not constitute a Change in Control under the indenture,
but that could increase the amount of indebtedness outstanding
at the time or otherwise affect our capital structure or credit
ratings.
</FONT>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I><FONT size="2">Limitation on Merger, Sale or
    Consolidation</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The indenture provides that we may not, directly
or indirectly, consolidate with or merge with or into, or sell,
lease or otherwise dispose of all or substantially all of our
assets, on a consolidated basis, whether in a single transaction
or a series of related transactions, to another person or group
of affiliated persons, other than to our wholly-owned
subsidiaries, unless:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(1)&nbsp;either:
    </FONT></TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(a)&nbsp;in the case of a merger or
    consolidation, we are the surviving entity; or
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(b)&nbsp;the resulting, surviving or transferee
    entity is a corporation organized under the laws of the United
    States, any state thereof or the District of Columbia and
    expressly assumes by supplemental indenture all of our
    obligations in connection with the convertible notes and the
    indenture; and
    </FONT></TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(2)&nbsp;no Default or Event of Default shall
    exist immediately before or after giving effect on a pro forma
    basis to such transaction.
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Upon any permitted consolidation or merger or any
permitted sale, lease or other disposition of all or
substantially all of our assets in accordance with the
foregoing, the successor corporation formed by such
consolidation or into which we are merged or to which such sale,
lease or other disposition is made, shall succeed to, and be
substituted for, and may exercise every right and power of, us
under the indenture with the same effect as if such successor
corporation had been named therein in the same manner as we are
named, and, when a successor corporation duly assumes all of our
obligations under the convertible notes and the indenture, we
will be released from our obligations under the indenture and
the convertible notes, except as to any obligations that arise
from or as a result of such transaction.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">For purposes of the foregoing, the transfer, by
lease, assignment, sale or otherwise, of all or substantially
all of the properties and assets of one or more subsidiaries,
which properties and assets, if held by us instead of such
subsidiary, would constitute all or substantially all of our
properties and assets, shall be deemed to be the transfer of all
or substantially all of our properties and assets. This
&#147;Limitation on Merger, Sale or Consolidation&#148; covenant
will not apply to a sale, assignment, transfer, conveyance or
other disposition of assets between or among us and any of our
wholly-owned subsidiaries.
</FONT>

<P align="left">
<B><FONT size="2">Limitation on Status as Investment
Company</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The indenture provides that we will not, and will
not permit any subsidiary to, conduct our or its business in a
fashion that would cause us to be required to register as an
&#147;investment company&#148; (as that term is defined in the
Investment Company Act of 1940, as amended).
</FONT>

<P align="center"><FONT size="2">21
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<P align="left">
<B><FONT size="2">Events of Default</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The indenture provides that each of the following
constitutes an Event of Default:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(1)&nbsp;a default for 30&nbsp;days in the
    payment when due of interest on the convertible notes;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(2)&nbsp;a default in the payment of principal of
    any convertible note when due at its stated maturity, upon
    optional redemption, in connection with a repurchase of
    convertible notes at the option of a holder, in connection with
    a Change in Control offer or otherwise;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(3)&nbsp;the failure by us to comply for
    30&nbsp;days after notice with any of our obligations under the
    covenants described under &#147;Repurchase at the Option of
    Holders&#148; and &#147;Limitation on Merger, Sale or
    Consolidation&#148; (in each case, other than a failure to
    repurchase convertible notes in connection with a repurchase at
    the option of a holder or repurchase convertible notes in
    connection with a Change in Control offer);
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(4)&nbsp;the failure by us for 60&nbsp;days after
    notice to comply with any other covenants and agreements
    contained in the indenture or the convertible notes;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(5)&nbsp;the failure by us or any Significant
    Subsidiary to make any payment at final stated maturity,
    including any applicable grace period, in respect of our
    Indebtedness (other than non-recourse obligations) in an amount
    in excess of $15&nbsp;million, and continuance of such failure
    for 30&nbsp;days after written notice is given to us by the
    trustee or to us and the trustee by the holders of at least 25%
    in aggregate principal amount of convertible notes outstanding;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(6)&nbsp;a default by us or any Significant
    Subsidiary with respect to any of our Indebtedness (other than
    non-recourse obligations), which default results in the
    acceleration of Indebtedness in an amount in excess of
    $15&nbsp;million;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(7)&nbsp;failure by us or any subsidiary of us
    that is a Significant Subsidiary or any group of two or more
    subsidiaries that, taken as a whole, would constitute a
    Significant Subsidiary to pay final judgments for the payment of
    money (other than any judgment as to which a reputable insurance
    company has accepted liability subject to customary terms)
    aggregating in excess of $5.0&nbsp;million, which judgments are
    not paid, wired, discharged or stayed within 60&nbsp;days after
    their entry; and
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(8)&nbsp;certain events of bankruptcy or
    insolvency with respect to us or any of our subsidiaries that is
    a Significant Subsidiary or any group of two or more
    subsidiaries that, taken as a whole, would constitute a
    Significant Subsidiary.
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">If any Event of Default occurs and is continuing,
the trustee or the holders of at least 25% in aggregate
principal amount of the then outstanding convertible notes may
declare all the convertible notes to be due and payable
immediately. Notwithstanding the foregoing, in the case of an
Event of Default arising from certain events of bankruptcy,
insolvency or reorganization, with respect to us or any
Significant Subsidiary, all outstanding convertible notes will
become due and payable without further action or notice. Holders
of the convertible notes may not enforce the indenture or the
convertible notes except as provided in the indenture. Subject
to certain limitations, holders of a majority in principal
amount of the then outstanding convertible notes may direct the
trustee in its exercise of any trust or power. The trustee may
withhold from holders of the convertible notes notice of any
continuing Default or Event of Default, except a Default or
Event of Default relating to the payment of principal or
interest, if it determines that withholding notice is in their
interest.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">In the event of a declaration of acceleration of
the convertible notes because an Event of Default has occurred
and is continuing as a result of the acceleration of any
Indebtedness described in clause (6)&nbsp;above, the declaration
of acceleration of the convertible notes will be automatically
annulled if:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(1)&nbsp;the holders of any Indebtedness
    described in such clause (6)&nbsp;have rescinded or annulled the
    declaration of acceleration in respect of that Indebtedness or
    such Indebtedness has been discharged within 30&nbsp;days after
    the date of the declaration;
    </FONT></TD>
</TR>

</TABLE>

<P align="center"><FONT size="2">22
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(2)&nbsp;the annulment of the acceleration of the
    convertible notes would not conflict with any judgment or decree
    of a court of competent jurisdiction; and
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(3)&nbsp;all existing Events of Default have been
    cured or waived except nonpayment of principal or interest on
    the convertible notes that has become due solely because of the
    acceleration of the convertible notes.
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The holders of a majority in aggregate principal
amount of the then outstanding convertible notes by notice to
the trustee may on behalf of all of the holders waive any
existing Default or Event of Default and its consequences under
the indenture except a continuing Default or Event of Default in
the payment of interest on or the principal of the convertible
notes.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">We are required to deliver to the trustee
annually a statement regarding compliance with the indenture,
and upon becoming aware of any Default or Event of Default, to
deliver to the trustee a statement specifying such Default or
Event of Default.
</FONT>

<P align="left">
<B><FONT size="2">No Personal Liability of Directors, Officers,
Employees and Shareholders</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">None of our directors, officers, employees,
incorporators or shareholders, in their capacity as such, has
any liability for any of our obligations under the convertible
notes or the indenture or for any claim based on, in respect of,
or by reason of, such obligations or their creation. Each holder
of the convertible notes by accepting a convertible note waives
and releases all such liability. The waiver and release are part
of the consideration for issuance of the convertible notes. Such
waiver may not be effective to waive liabilities under the
federal securities laws, and it is the view of the SEC that a
waiver of such liabilities is against public policy.
</FONT>

<P align="left">
<B><FONT size="2">Unclaimed Money; Prescription</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">If money deposited with the trustee or paying
agent for the payment of principal or interest remains unclaimed
for two years, the trustee and the paying agent shall pay the
money back to us at our written request. After that, holders of
convertible notes entitled to the money must look to us for
payment unless an abandoned property law designates another
person and all liability of the trustee and the paying agent
will cease. Other than as set forth in this paragraph, the
indenture does not provide for any prescription period for the
payment of interest and principal on the convertible notes.
</FONT>

<P align="left">
<B><FONT size="2">Book-Entry, Delivery and Form</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The convertible notes were initially offered and
sold to qualified institutional buyers in reliance on
Rule&nbsp;144A. We refer to these convertible notes as
Rule&nbsp;144A Notes. Except as set forth below, we issued the
convertible notes in registered, global form, without coupons,
in minimum denominations of $1,000, and integral multiples of
$1,000 in excess thereof.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Rule&nbsp;144A Notes initially are represented by
one or more convertible notes in registered form without
interest coupons. We refer to these convertible notes as the
Global Notes. The Global Notes were deposited upon issuance with
the trustee as custodian for DTC, in New York, New York, and
registered in the name of DTC or its nominee, in each case for
credit to an account of a direct or indirect participant in DTC
as described below.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Except as set forth below, the Global Notes may
be transferred, in whole or in part, only to another DTC nominee
or to a successor of DTC or its nominee. Beneficial interests in
the Global Notes may not be exchanged for convertible notes in
certificated form except in the limited circumstances described
below. See &#147;Exchange of Global Notes for Certificated
Notes.&#148; Except in the limited circumstances described
below, owners of beneficial interests in the Global Notes will
not be entitled to receive physical delivery of convertible
notes in certificated form.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Rule&nbsp;144A Notes (including beneficial
interests in the Global Notes) are subject to certain
restrictions on transfer and bear a restrictive legend. In
addition, transfers of beneficial interests in Global
</FONT>

<P align="center"><FONT size="2">23
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV align="left">
<FONT size="2">Notes are subject to the applicable rules and
procedures of DTC and its direct and indirect participants,
which may change from time to time.
</FONT>
</DIV>

<P align="left">
<B><FONT size="2">Depository Procedures</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The following description of the operations and
procedures of DTC are provided solely as a matter of
convenience. These operations and procedures are solely within
the control of the respective settlement systems and are subject
to changes by them. We take no responsibility for these
operations and procedures and urge investors to contact the
system or their participants directly to discuss these matters.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">DTC has advised us that DTC is a limited-purpose
trust company created to hold securities for its participating
organizations (collectively, the Participants) and to facilitate
the clearance and settlement of transactions in those securities
between Participants through electronic book-entry changes in
accounts of its Participants. The Participants include
securities brokers and dealers, banks, trust companies, clearing
corporations and certain other organizations. Access to
DTC&#146;s system is also available to other entities such as
banks, brokers, dealers and trust companies that clear through
or maintain a custodial relationship with a Participant, either
directly or indirectly (collectively, the Indirect
Participants). Persons who are not Participants may beneficially
own securities held by or on behalf of DTC only through the
Participants or the Indirect Participants. The ownership
interests in, and transfers of ownership interests in, each
security held by or on behalf of DTC are recorded on the records
of the Participants and Indirect Participants.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">DTC has also advised us that, pursuant to
procedures established by it:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(1)&nbsp;upon deposit of the Global Notes, DTC
    will credit the accounts of Participants designated by the
    initial purchaser of the convertible notes with portions of the
    principal amount of Global Notes; and
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(2)&nbsp;ownership of these interests in the
    Global Notes will be shown on, and the transfer of ownership
    thereof will be effected only through, records maintained by DTC
    (with respect to other owners of beneficial interest in the
    Global Notes).
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Investors in the Global Notes who are
Participants in DTC&#146;s system may hold their interests
therein directly through DTC. Investors in the Global Notes who
are not Participants may hold their interests therein indirectly
through organizations which are Participants in such system. All
interests in a Global Note are subject to the procedures and
requirements of DTC. The laws of some states require that
certain persons take physical delivery in definitive form of
securities that they own. Consequently, the ability to transfer
beneficial interests in a Global Note to such persons will be
limited to that extent. Because DTC can act only on behalf of
Participants, which in turn act on behalf of Indirect
Participants, the ability of a person having beneficial
interests in a Global Note to pledge such interests to persons
that do not participate in the DTC system, or otherwise take
actions in respect of such interests, may be affected by the
lack of a physical certificate evidencing such interests.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B><FONT size="2">Except as described below, owners of interests
in the Global Notes will not have convertible notes registered
in their names, will not receive physical delivery of
convertible notes in certificated form and will not be
considered the registered owners or &#147;holders&#148; thereof
under the indenture for any purpose.</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Payments in respect of the principal, premium,
and special interest, if any, and interest on a Global Note
registered in the name of DTC or its nominee will be payable to
DTC in its capacity as the registered holder under the
indenture. Under the terms of the indenture, we and the trustee
will treat the persons in whose names the convertible notes,
including the Global Notes, are registered as the owners thereof
for the purpose of receiving payments and for all other
purposes. Consequently, neither we, the trustee, nor any agent
of ours or the trustee has or will have any responsibility or
liability for:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(1)&nbsp;any aspect of DTC&#146;s records or any
    Participant&#146;s or Indirect Participant&#146;s records
    relating to or payments made on account of beneficial ownership
    interest in the Global Notes or for maintaining, supervising or
    reviewing any of DTC&#146;s records or any Participant&#146;s or
    Indirect Participant&#146;s records relating to the beneficial
    ownership interests in the Global Notes; or
    </FONT></TD>
</TR>

</TABLE>

<P align="center"><FONT size="2">24
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(2)&nbsp;any other matter relating to the actions
    and practices of DTC or any of its Participants or Indirect
    Participants.
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">DTC has advised us that its current practice,
upon receipt of any payment in respect of securities such as the
convertible notes (including principal and interest), is to
credit the accounts of the relevant Participants with the
payment on the payment date unless DTC has reason to believe it
will not receive payment on such payment date. Each relevant
Participant is credited with an amount proportionate to its
beneficial ownership of an interest in the principal amount of
the relevant security as shown on the records of DTC. Payments
by the Participants and the Indirect Participants to the
beneficial owners of convertible notes will be governed by
standing instructions and customary practices and will be the
responsibility of the Participants or the Indirect Participants
and will not be the responsibility of DTC, the trustee or us.
Neither we nor the trustee will be liable for any delay by DTC
or any of its Participants in identifying the beneficial owners
of the convertible notes, and we and the trustee may
conclusively rely on and will be protected in relying on
instructions from DTC or its nominee for all purposes.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Transfers between Participants in DTC will be
effected in accordance with DTC&#146;s procedures, and will be
settled in same-day funds.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">DTC has advised us that it will take any action
permitted to be taken by a holder of convertible notes only at
the direction of one or more Participants to whose account DTC
has credited the interests in the Global Notes and only in
respect of such portion of the aggregate principal amount of the
convertible notes as to which such Participant or Participants
has or have given such direction. However, if there is an event
of default under the convertible notes, DTC reserves the right
to exchange the Global Notes for legended convertible notes in
certificated form, and to distribute such convertible notes to
its Participants.
</FONT>

<P align="left">
<B><FONT size="2">Exchange Of Global Notes For Certificated
Notes</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">A Global Note is exchangeable for definitive
convertible notes, which we refer to as Certificated Notes, in
registered certificated form under the following circumstances:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(1)&nbsp;if DTC (a)&nbsp;notifies us that it is
    unwilling or unable to continue as depositary for the Global
    Notes and we fail to appoint a successor depositary or
    (b)&nbsp;has ceased to be a clearing agency registered under the
    Exchange Act;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(2)&nbsp;if we, at our option, notify the trustee
    in writing that we elect to cause the issuance of the
    Certificated Notes; or
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(3)&nbsp;if there shall have occurred and be
    continuing an Event of Default with respect to the convertible
    notes.
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">In all cases, Certificated Notes delivered in
exchange for any Global Note or beneficial interests in Global
Notes will be registered in the names, and issued in any
approved denominations, requested by or on behalf of the
depositary (in accordance with its customary procedures) and
will bear the restrictive legend(s) required by applicable law.
</FONT>

<P align="left">
<B><FONT size="2">Same Day Settlement and Payment</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">We will make payments in respect of the
convertible notes represented by the Global Notes (including
principal, premium, if any, and interest and special interest,
if any) by wire transfer of immediately available funds to the
accounts specified by the Global Note holder. We will make all
payments of principal, interest, premium and special interest,
if any, with respect to Certificated Notes by wire transfer of
immediately available funds to the accounts specified by the
holders thereof or, if no such account is specified or permitted
to be specified, by mailing a check to each such holder&#146;s
registered address. The convertible notes represented by the
Global Notes are expected to be eligible to be traded in the
PORTAL market and to trade in DTC&#146;s Same-Day Funds
Settlement System, and any permitted secondary market trading
activity in such convertible notes will, therefore, be required
by DTC to be
</FONT>

<P align="center"><FONT size="2">25
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV align="left">
<FONT size="2">settled in immediately available funds. We expect
that secondary trading in any Certificated Notes will also be
settled in immediately available funds.
</FONT>
</DIV>

<P align="left">
<B><FONT size="2">Transfer and Exchange</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">A holder may transfer or exchange interests in
the convertible notes in accordance with procedures described in
&#147;Book-Entry, Delivery and Form.&#148; The registrar and the
trustee may require a holder, among other things, to furnish
appropriate endorsements and transfer documents, and we may
require a holder to pay any taxes and fees required by law or
permitted by the indenture. We are not required to transfer or
exchange any convertible note selected for redemption. Also, we
are not required to transfer or exchange any convertible note
for a period of 15&nbsp;days before a selection of convertible
notes to be redeemed. The registered holder of a convertible
note will be treated as the owner of it for all purposes.
</FONT>

<P align="left">
<B><FONT size="2">Amendment, Supplement and Waiver</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Except as provided in the next succeeding
paragraph, the indenture or the convertible notes may be amended
or supplemented with the consent of the holders of at least a
majority in aggregate principal amount of the then outstanding
convertible notes, as applicable, including consents obtained in
connection with a tender offer or exchange offer for the
convertible notes, and any existing default or noncompliance
with any provision of the indenture or the convertible notes may
be waived with the consent of the holders of a majority in
aggregate principal amount of then outstanding convertible
notes, including consents obtained in connection with a tender
offer or exchange offer for the convertible notes.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Without the consent of each holder affected, an
amendment or waiver may not:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(1)&nbsp;reduce the amount of convertible notes
    whose holders must consent to an amendment, supplement or waiver;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(2)&nbsp;reduce the principal of or change the
    fixed maturity of any convertible note, alter the provisions
    with respect to the optional redemption of the convertible notes
    in a manner adverse to the holders or alter the provisions with
    respect to repurchase of the convertible notes at the option of
    the holders;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(3)&nbsp;reduce the rate of or change the time
    for payment or accrual of interest on any convertible note;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(4)&nbsp;waive a default in the payment of
    principal of or interest on any convertible notes, except a
    rescission of acceleration of the convertible notes by the
    holders of at least a majority in aggregate principal amount of
    the convertible notes and a waiver of the payment default that
    resulted from such acceleration;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(5)&nbsp;make any convertible note payable in
    money other than that stated in the convertible notes or the
    indenture;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(6)&nbsp;make any change in the provisions of the
    indenture relating to waivers of past Events of Default or the
    rights of holders of convertible notes to receive payments of
    principal of or interest on the convertible notes;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(7)&nbsp;waive a redemption payment with respect
    to any convertible note;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(8)&nbsp;impair the right to convert the
    convertible notes into common stock;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(9)&nbsp;modify the conversion provisions of the
    indenture in a manner adverse to the holders of the convertible
    notes; or
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(10)&nbsp;make any change in the foregoing
    amendment and waiver provisions.
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Notwithstanding the foregoing, without the
consent of any holder of convertible notes, we and the trustee
may amend or supplement the indenture or the convertible notes
to cure any ambiguity, defect or inconsistency, to provide for
uncertificated convertible notes in addition to or in place of
certificated
</FONT>

<P align="center"><FONT size="2">26
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV align="left">
<FONT size="2">convertible notes, to provide for the assumption
of our obligations to holders of the convertible notes in the
case of a merger or consolidation or certain transfers or
leases, to make any change that would provide any additional
rights or benefits to the holders of the convertible notes or
that does not adversely affect the legal rights under the
indenture of any such holder, or to comply with requirements of
the SEC in order to maintain the qualification of the indenture
under the Trust Indenture Act of 1939, as amended.
</FONT>
</DIV>

<P align="left">
<B><FONT size="2">Governing Law and Judgments</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The convertible notes and the indenture will be
governed exclusively by and construed in accordance with the
laws of the State of New York without giving effect to
applicable principles of conflicts of laws to the extent that
the application of the law of another jurisdiction would be
required thereby.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">We will submit to the jurisdiction of the United
States federal and New York state courts located in the Borough
of Manhattan, City and State of New York for purposes of all
legal actions and proceedings instituted in connection with the
convertible notes and the indenture. We have appointed CT
Corporation System as our authorized agent upon which process
may be served in any such action.
</FONT>

<P align="left">
<B><FONT size="2">Concerning the Trustee</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The indenture contains limitations on the rights
of the trustee, should it become a creditor of us, to obtain
payment of claims in certain cases, or to realize on certain
property received in respect of any such claim as security or
otherwise. The trustee will be permitted to engage in other
transactions; however, if it acquires any conflicting interest
it must eliminate such conflict within 90&nbsp;days, apply to
the SEC for permission to continue or resign.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The holders of the majority in aggregate
principal amount of the then outstanding convertible notes will
have the right to direct the time, method and place of
conducting any proceeding for exercising any remedy available to
the trustee under the indenture, subject to certain exceptions.
The indenture provides that if an Event of Default occurs, which
is not cured or waived, the trustee will be required, in the
exercise of its power, to use the degree of care of a prudent
man in the conduct of his own affairs. Subject to these
provisions, the trustee will be under no obligation to exercise
any of its rights or powers under the indenture at the request
of any holder of convertible notes, unless such holder has
offered to the trustee security and indemnity satisfactory to it
against any loss, liability or expense.
</FONT>

<P align="left">
<B><FONT size="2">Definitions</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Set forth below are selected defined terms used
in the indenture. Please refer to the indenture for a full
definition of all terms, as well as certain other terms used in
this description of the convertible notes for which no
definition is provided.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I><FONT size="2">&#147;Default&#148;
</FONT></I><FONT size="2">means any event that is or with the
passage of time or the giving of notice or both would be an
Event of Default.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I><FONT size="2">&#147;Excess Payment&#148;
</FONT></I><FONT size="2">means the excess of (A)&nbsp;the
aggregate of the cash and value of other consideration paid by
us or any of our subsidiaries with respect to our shares
acquired in a tender offer or other negotiated transaction over
(B)&nbsp;the market value of such acquired shares (by reference
to the per share value of the shares remaining outstanding)
after giving effect to the completion of a tender offer or other
negotiated transaction.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I><FONT size="2">&#147;Exchange Rate Contract&#148;
</FONT></I><FONT size="2">means, with respect to any Person, any
currency swap agreements, forward exchange rate agreements,
foreign currency futures or options, exchange rate collar
agreements, exchange rate insurance and other agreements or
arrangements, or combination thereof, the principal purpose of
which is to provide protection against fluctuations in currency
exchange rates. An Exchange Rate Contract may also include an
Interest Rate Agreement.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I><FONT size="2">&#147;GAAP&#148;
</FONT></I><FONT size="2">means generally accepted accounting
principles set forth in the opinions and pronouncements of the
Accounting Principles Board of the American Institute of
Certified Public Accountants and
</FONT>

<P align="center"><FONT size="2">27
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV align="left">
<FONT size="2">statements and pronouncements of the Financial
Accounting Standards Board or in such other statements by such
other entity as approved by a significant segment of the
accounting profession, which are in effect on the Issuance Date
and are applied on a consistent basis.
</FONT>
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I><FONT size="2">&#147;Guarantee&#148;
</FONT></I><FONT size="2">means a guarantee, other than by
endorsement of negotiable instruments for collection in the
ordinary course of business, direct or indirect, in any manner,
including, without limitation, letters of credit and
reimbursement agreements in respect thereof, of all or any part
of any Indebtedness.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I><FONT size="2">&#147;Indebtedness&#148;
</FONT></I><FONT size="2">means, with respect to any Person, any
indebtedness of such Person, whether or not contingent, in
respect of borrowed money or evidenced by bonds, notes,
debentures or similar instruments or letters of credit, or
reimbursement agreements in respect thereof, or representing the
balance deferred and unpaid of the purchase price of any
property (which purchase price is due more than six months after
the placing into service or delivery of such property) including
pursuant to capital leases and sale-and-leaseback transactions,
or representing any hedging obligations under an Exchange Rate
Contract or an Interest Rate Agreement, except any such balance
that constitutes an accrued expense or trade payable, if and to
the extent any of the foregoing indebtedness, other than
obligations under an Exchange Rate Contract or an Interest Rate
Agreement, would appear as a liability upon a balance sheet of
such Person prepared in accordance with GAAP, and also includes,
to the extent not otherwise included, the Guarantee of items
which would be included within this definition if incurred
directly by such Person. The amount of any Indebtedness
outstanding as of any date shall be the accreted value thereof,
in the case of any Indebtedness issued with original issue
discount. Indebtedness shall not include liabilities for taxes
of any kind.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I><FONT size="2">&#147;Interest Rate Agreement&#148;
</FONT></I><FONT size="2">means, with respect to any Person, any
interest rate swap agreement, interest rate cap agreement,
interest rate collar agreement or other similar agreement the
principal purpose of which is to protect the party indicated
therein against fluctuations in interest rates.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I><FONT size="2">&#147;Issuance Date&#148;
</FONT></I><FONT size="2">means the date on which the
convertible notes are first authenticated and issued.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I><FONT size="2">&#147;Person&#148;
</FONT></I><FONT size="2">means person within the meaning of
Sections&nbsp;13(d)(3) and 14(d)(2) of the Exchange Act or any
successor provision to either of the foregoing.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I><FONT size="2">&#147;Significant Subsidiary&#148;
</FONT></I><FONT size="2">means any of our subsidiaries that is
a &#147;significant subsidiary&#148; as defined in
Rule&nbsp;1-02(w) of Regulation&nbsp;S-X under the Securities
Act and the Exchange Act, as such regulation is in effect on the
date of the indenture.
</FONT>

<P align="left">
<B><FONT size="2">Registration Rights</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Pursuant to a registration rights agreement, we
have filed a shelf registration statement with the SEC, of which
this prospectus is a part, with respect to resales of the
convertible notes and the common stock issuable upon conversion
of the convertible notes. We agreed to use our reasonable best
efforts to cause such shelf registration statement to be
declared effective by the SEC prior to July&nbsp;9, 2004, and to
use our reasonable best efforts to keep the shelf registration
statement continuously effective under the Securities Act until
December&nbsp;12, 2005.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">We are permitted to suspend use of the prospectus
that is part of the shelf registration statement during certain
periods of time and in certain circumstances relating to pending
corporate developments and public filings with the SEC and
similar events. If the shelf registration statement ceases to be
effective or usable for more than 60&nbsp;days in the aggregate
during any 12-month period in connection with resales of the
convertible notes or the common stock issuable upon the
conversion of the convertible notes during the periods specified
in the registration rights agreement, then we will pay special
interest to each holder of transfer restricted securities as
further described below. With respect to the first 90
consecutive-day period immediately following the unavailability
of the shelf registration statement, we will pay an amount equal
to an increase in the annual interest on the convertible notes
of 0.25% and with respect to any subsequent period, we will pay
additional amounts equal to an increase in the annual interest
rate on the convertible notes of 0.25% until the shelf
registration statement again becomes available for use by
holders of transfer restricted securities. All accrued special
interest will be paid by us on each subsequent interest payment
</FONT>

<P align="center"><FONT size="2">28
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV align="left">
<FONT size="2">date in cash. Such payment will be made to the
holder of the global notes by wire transfer of immediately
available funds or by federal funds check and to holders of
certificated notes, if any, by wire transfer to the accounts
specified by them to the extent permitted under the indenture or
by mailing checks to their registered addresses if no such
accounts have been specified by them. Following the cure of all
Registration Defaults, the accrual of special interest will
cease.
</FONT>
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Each convertible note and the common stock
issuable upon conversion of the convertible note are considered
to be transfer restricted securities until:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">the date on which such convertible note or the
    common stock issuable upon conversion thereof has been
    effectively registered under the Securities Act and disposed of
    in accordance with the shelf registration statement,
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">the date on which such convertible note or the
    common stock issuable upon conversion thereof is distributed to
    the public pursuant to Rule&nbsp;144 under the Securities Act
    (or any similar provision then in effect) or is salable pursuant
    to Rule&nbsp;144(k) under the Act, or
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">the date on which such convertible note or the
    common stock issuable upon conversion thereof ceases to be
    outstanding.
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">We will provide to each holder of convertible
notes, or the common stock issuable upon conversion of the
convertible notes, who is named in this prospectus or a related
prospectus supplement, copies of this prospectus or a related
prospectus supplement, notify each such holder when such shelf
registration statement for the convertible notes or the common
stock issuable upon conversion thereof has become effective and
take certain other actions as required to permit unrestricted
resales of the convertible notes or the common stock issuable
upon conversion thereof.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">A holder of the convertible notes or the common
stock issuable upon conversion thereof that sells such
securities pursuant to a this prospectus generally will be
required to:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">be named as a selling security holder in this
    prospectus or a related prospectus supplement,
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">deliver a prospectus to purchasers,
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">be subject to certain of the civil liability
    provisions under the Securities Act in connection with such
    sales, and
    </FONT></TD>
</TR>

</TABLE>

<P align="left">
<FONT size="2">be bound by the provisions of the registration
rights agreement which are applicable to such holder, including
certain indemnification and contribution rights and obligations.
</FONT>

<DIV align="left">
<A name='107'></A>
</DIV>

<!-- link1 "DESCRIPTION OF OTHER INDEBTEDNESS" -->

<P align="center">
<B><FONT size="2">DESCRIPTION OF OTHER INDEBTEDNESS</FONT></B>

<P align="left">
<B><FONT size="2">5&nbsp;1/2% Convertible Subordinated Notes Due
2007</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">As of December&nbsp;5, 2003, we had outstanding
$300&nbsp;million in aggregate principal amount of our
5&nbsp;1/2% notes. Interest on these 5&nbsp;1/2% notes accrues
at a rate of 5&nbsp;1/2% and is payable semi-annually on
January&nbsp;1 and July&nbsp;1, commencing on January&nbsp;1,
2001. In December 2003 and January 2004, we repurchased
$99.0&nbsp;million in principal amount of the 5&nbsp;1/2% notes.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The 5&nbsp;1/2% notes are general unsecured
obligations, subordinated in right of payment to all our
existing and future senior or secured indebtedness. The
5&nbsp;1/2% notes are convertible into shares of our common
stock. The convertible notes offered under this memorandum are
senior to our 5&nbsp;1/2% notes. The holder of any 5&nbsp;1/2%
note has the right, exercisable at any time following the date
of original issuance of the 5&nbsp;1/2% note and prior to its
maturity, to convert the principal amount of the 5&nbsp;1/2%
note into shares of our common stock at a conversion price of
$115.47 per share. The indenture which was executed in
connection with the issuance of the 5&nbsp;1/2% notes contains a
fundamental change provision and covenants that govern the
5&nbsp;1/2% notes.
</FONT>

<P align="center"><FONT size="2">29
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">In February 2004, we announced a tender offer to
repurchase up to $101.1&nbsp;million in aggregate principal
amount of the 5&nbsp;1/2% notes. The tender offer period is
scheduled to expire on March&nbsp;24, 2004. There can be no
assurance, however, that we will complete the tender offer in
whole or in part.
</FONT>

<DIV align="left">
<A name='108'></A>
</DIV>

<!-- link1 "DESCRIPTION OF CAPITAL STOCK" -->

<P align="center">
<B><FONT size="2">DESCRIPTION OF CAPITAL STOCK</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Our authorized capital stock consists of
700,000,000&nbsp;shares of common stock, $0.01 par value per
share, and 5,000,000&nbsp;shares of preferred stock, $0.01 par
value per share, of which 700,000&nbsp;shares have been
designated as shares of Series&nbsp;A Junior Participating
Preferred Stock, par value $.01 per share. As of March&nbsp;4,
2004, we had 122,633,463&nbsp;shares of common stock outstanding
held by 589&nbsp;stockholders of record. As of March&nbsp;4,
2004, no shares of Series&nbsp;A Junior Participating Preferred
Stock were issued or outstanding.
</FONT>

<P align="left">
<B><FONT size="2">Common Stock</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Holders of our common stock are entitled to one
vote for each share held on matters submitted to a vote of
stockholders. Holders of our common stock do not have cumulative
voting rights. Accordingly, holders of a majority of the shares
of common stock entitled to vote in any election of directors
may elect all of the directors standing for election. Holders of
common stock are entitled to receive their proportionate share
of any dividends declared by the board of directors, subject to
any preferential dividend rights of outstanding preferred stock.
Upon our liquidation, dissolution or winding up, the holders of
common stock are entitled to receive ratably our net assets
available after the payment of all debts and other liabilities
and subject to the preferential rights of any outstanding
preferred stock. The common stock has no preemptive,
subscription, redemption or conversion rights. All outstanding
shares of common stock are fully paid and non-assessable. The
rights, preferences and privileges of the common stock are
subject to the rights of the holders of shares of any series of
preferred stock which we may designate and issue in the future.
</FONT>

<P align="left">
<B><FONT size="2">Stock Purchase Rights and Series&nbsp;A Junior
Participating Preferred Stock</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">On September&nbsp;10, 2002, our Board of
Directors declared a dividend of one preferred stock purchase
right, which we refer to collectively as the Rights, for each
outstanding share of our common stock to stockholders of record
at the close of business on September&nbsp;23, 2002, which we
refer to as the Record Date. Each Right entitles the registered
holder to purchase from us one one-thousandth of a share of
Series&nbsp;A Junior Participating Preferred Stock, which we
call the Series&nbsp;A Junior Participating Preferred Stock, at
a purchase price of $65.00 in cash, subject to adjustment. The
description and terms of the Rights are set forth in the Rights
Agreement dated September&nbsp;10, 2002, as amended on
January&nbsp;29, 2004, between the Company and EquiServe Trust
Company, N.A., as Rights Agent.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Initially, the Rights are not exercisable and
will be attached to all certificates representing outstanding
shares of common stock, and no separate certificates
representing the rights will be distributed. The Rights will
separate from the common stock, and the &#147;Distribution
Date&#148; will occur, upon the earlier of (i)&nbsp;10 business
days following the later of (a)&nbsp;the first date of a public
announcement that a person or group of affiliated or associated
persons, or an Acquiring Person, has acquired, or obtained the
right to acquire, beneficial ownership of 15% or more of the
outstanding shares of common stock or (b)&nbsp;the first date on
which one of our executive officers has actual knowledge that an
Acquiring Person has become such (we refer to such date as the
Stock Acquisition Date), or (ii)&nbsp;10 business days following
the commencement of a tender offer or exchange offer that would
result in a person or group beneficially owning 15% or more of
the outstanding shares of common stock. The Distribution Date
may be deferred in circumstances determined by the Board of
Directors. In addition, certain inadvertent acquisitions will
not trigger the occurrence of the Distribution Date. Until the
Distribution Date (or earlier redemption or expiration of the
Rights), (i)&nbsp;the Rights will be evidenced by the common
stock certificates outstanding on the record date, together with
the summary of rights set forth in the Rights Agreement to be
mailed to stockholders, or by new common stock certificates
issued after the Record Date that contain a notation
incorporating the
</FONT>

<P align="center"><FONT size="2">30
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV align="left">
<FONT size="2">Rights Agreement by reference, (ii)&nbsp;the
Rights will be transferred with and only with such common stock
certificates; and (iii)&nbsp;the surrender for transfer of any
certificates for common stock outstanding (with or without a
copy of the summary of rights or such notation) will also
constitute the transfer of the Rights associated with the common
stock represented by such certificate.
</FONT>
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Rights will not be exercisable until the
Distribution Date and will expire upon the close of business on
September&nbsp;10, 2012, which we refer to as the Final
Expiration Date, unless earlier redeemed or converted as
described below. As soon as practicable after the Distribution
Date, separate rights certificates will be mailed to holders of
record of the common stock as of the close of business on the
Distribution Date and, thereafter, the separate rights
certificates alone will represent the Rights. Except as
otherwise determined by the Board of Directors, and except for
shares of common stock issued upon exercise, conversion or
exchange of then outstanding options, convertible or
exchangeable securities or other contingent obligations to issue
shares or pursuant to any employee benefit plan or arrangement,
only shares of common stock issued prior to the Distribution
Date will be issued with Rights.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">In the event that any person becomes an Acquiring
Person, unless the event causing the 15% threshold to be crossed
is a Permitted Offer (as defined in the Rights Agreement), then,
promptly following the first occurrence of such event, each
holder of a Right (except as provided below and in
Section&nbsp;7(e) of the Rights Agreement) shall thereafter have
the right to receive, upon exercise, that number of shares of
our common stock (or, in certain circumstances, cash, property
or other securities of Akamai) which equals the exercise price
of the Right divided by 50% of the Current Market Price (as
defined in the Rights Agreement) per share of common stock at
the date of the occurrence of such event. However, Rights are
not exercisable following such event until such time as the
Rights are no longer redeemable by us as described below.
Notwithstanding any of the foregoing, following the occurrence
of such event, all Rights that are, or (under certain
circumstances specified in the Rights Agreement) were,
beneficially owned by any Acquiring Person will be null and
void. The event summarized in this paragraph is referred to by
us as a Section&nbsp;11(a)(ii) Event.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">For example, at an exercise price of $65.00 per
Right, each Right not owned by an Acquiring Person (or by
certain related parties) following a Section&nbsp;11(a)(ii)
Event would entitle its holder to purchase for $65.00 such
number of shares of common stock (or other consideration, as
noted above) as equals $65.00 divided by one-half of the current
market price (as defined in the Rights Agreement) of the common
stock. Assuming that the common stock had a market price of
$13.00 per share at such time, the holder of each valid Right
would be entitled to purchase four shares of common stock,
having a market value of 10&nbsp;&#215; $13.00, or $130.00, for
$65.00.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">In the event that, at any time after any person
becomes an Acquiring Person, (i)&nbsp;we are consolidated with,
or merged with and into, another entity and we are not the
surviving entity of such consolidation or merger (other than a
consolidation or merger which follows a Permitted Offer) or we
are the surviving entity, but shares of our outstanding common
stock are changed or exchanged for stock or securities (of any
other person) or cash or any other property, or (ii)&nbsp;more
than 50% of our assets or earning power is sold or transferred,
each holder of a Right (except Rights which previously have been
voided as set forth above) shall thereafter have the right to
receive, upon exercise, that number of shares of common stock of
the acquiring company which equals the exercise price of the
Right divided by 50% of the Current Market Price of such common
stock at the date of the occurrence of the event. The events
summarized in this paragraph are referred to by us as
Section&nbsp;13 Events. A Section&nbsp;11(a)(ii) Event and
Section&nbsp;13 Events are collectively referred to by us as
Triggering Events.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">For example, at an exercise price of $65.00 per
Right, each valid Right following a Section&nbsp;13 Event would
entitle its holder to purchase for $65.00 such number of shares
of common stock of the acquiring company as equals $65.00
divided by one-half of the Current Market Price of such common
stock. Assuming that such common stock had a market price of
$13.00 per share at such time, the holder of each valid Right
would be entitled to purchase four shares of common stock of the
acquiring company, having a market value of 10&nbsp;&#215;
$13.00, or $130.00, for $65.00.
</FONT>

<P align="center"><FONT size="2">31
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">At any time after the occurrence of a
Section&nbsp;11(a)(ii) Event, when no person owns a majority of
our common stock, our Board of Directors may exchange the Rights
(other than Rights owned by such Acquiring Person which have
become void), in whole or in part, at an exchange ratio of one
share of common stock, or one one-thousandth of a share of
Series&nbsp;A Junior Participating Preferred Stock (or of a
share of a class or series of our preferred stock having
equivalent rights, preferences and privileges), per Right
(subject to adjustment).
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Purchase Price payable, and the number of
units of Series&nbsp;A Junior Participating Preferred Stock or
other securities or property issuable, upon exercise of the
Rights are subject to adjustment from time to time to prevent
dilution (i)&nbsp;in the event of a stock dividend on, or a
subdivision, combination or reclassification of, the
Series&nbsp;A Junior Participating Preferred Stock, (ii)&nbsp;if
holders of the Series&nbsp;A Junior Participating Preferred
Stock are granted certain rights or warrants to subscribe for
Series&nbsp;A Junior Participating Preferred Stock or
convertible securities at less than the then-Current Market
Price of the Series&nbsp;A Junior Participating Preferred Stock,
or (iii)&nbsp;upon the distribution to holders of the
Series&nbsp;A Junior Participating Preferred Stock of evidences
of indebtedness or assets (excluding regular periodic cash
dividends paid out of earnings or retained earnings) or of
subscription rights or warrants (other than those referred to
above). The number of Rights associated with each share of
common stock is also subject to adjustment in the event of a
stock split of our common stock or a stock dividend on our
common stock payable in common stock or subdivisions,
consolidations or combinations of the common stock occurring, in
any such case, prior to the Distribution Date.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">With certain exceptions, no adjustment in the
Purchase Price will be required until cumulative adjustments
amount to at least 1% of the Purchase Price. No fractional
shares of Series&nbsp;A Junior Participating Preferred Stock
(other than fractions which are integral multiples of one
one-thousandth of a share of Series&nbsp;A Junior Participating
Preferred Stock) will be issued and, in lieu thereof, an
adjustment in cash will be made based on the market price of the
Series&nbsp;A Junior Participating Preferred Stock on the last
trading date prior to the date of exercise.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Series&nbsp;A Junior Participating Preferred
Stock purchasable upon exercise of the Rights will not be
redeemable. Each share of Series&nbsp;A Junior Participating
Preferred Stock will be entitled to receive, when, as and if
declared by the Board of Directors, a minimum preferential
quarterly dividend payment of $10 per share or, if greater, an
aggregate dividend of 1,000&nbsp;times the dividend declared per
share of common stock. In the event of liquidation, the holders
of the Series&nbsp;A Junior Participating Preferred Stock will
be entitled to a minimum preferential liquidation payment of
$1,000 per share, plus an amount equal to accrued and unpaid
dividends, and will be entitled to an aggregate payment of
1,000&nbsp;times the payment made per share of common stock.
Each share of Series&nbsp;A Junior Participating Preferred Stock
will have 1,000 votes, voting together with the Common Stock. In
the event of any merger, consolidation or other transaction in
which common stock is changed or exchanged, each share of Series
A Junior Participating Preferred Stock will be entitled to
receive 1,000&nbsp;times the amount received per share of common
stock. These rights are protected by customary antidilution
provisions. Because of the nature of the Series&nbsp;A Junior
Participating Preferred Stock&#146;s dividend, liquidation and
voting rights, the value of one one-thousandth of a share of
Series&nbsp;A Junior Participating Preferred Stock purchasable
upon exercise of each Right should approximate the value of one
share of common stock.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">At any time prior to the earlier of the tenth
business day (or such later date as may be determined by our
Board of Directors) after the Stock Acquisition Date, we may
redeem the Rights in whole, but not in part, at a price of
$0.001 per Right (the &#147;Redemption Price&#148;), payable in
cash or stock. Immediately upon the redemption of the Rights or
such earlier time as established by our Board of Directors in
the resolution ordering the redemption of the Rights, the Rights
will terminate and the only right of the holders of Rights will
be to receive the Redemption Price. The Rights may also be
redeemable following certain other circumstances specified in
the Rights Agreement.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Until a Right is exercised, the holder thereof,
as such, will have no rights as a stockholder of Akamai,
including, without limitation, the right to vote or to receive
dividends. Although the distribution of the Rights should not be
taxable to stockholders or to us, stockholders may, depending
upon the
</FONT>

<P align="center"><FONT size="2">32
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV align="left">
<FONT size="2">circumstances, recognize taxable income in the
event that the Rights become exercisable for Akamai common stock
(or other consideration) or for common stock of the acquiring
company as set forth above.
</FONT>
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Any provision of the Rights Agreement, other than
the Redemption Price, may be amended by our Board of Directors
prior to such time as the Rights are no longer redeemable. Once
the Rights are no longer redeemable, our Board of
Directors&#146; authority to amend the Rights is limited to
correcting ambiguities or defective or inconsistent provisions
in a manner that does not adversely affect the interest of
holders of Rights.
</FONT>

<P align="left">
<B><FONT size="2">Other Preferred Stock</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Our board of directors is authorized to issue
shares of additional shares of preferred stock in one or more
series without stockholder approval. The board has discretion to
determine the rights, preferences, privileges and restrictions,
including voting rights, dividend rights, conversion rights,
redemption privileges and liquidation preferences of each series
of preferred stock.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The purpose of authorizing the board of directors
to issue preferred stock and determine its rights and
preferences is to eliminate delays associated with a stockholder
vote on specific issuances. The board&#146;s ability to issue
preferred stock will provide desirable flexibility in connection
with possible acquisitions and other corporate purposes and
could make it more difficult for a third party to acquire, or
could discourage a third party from acquiring, a majority of our
outstanding voting stock. The issuance of preferred stock with
voting and conversion rights may adversely affect the voting
power of the holders of common stock. We have no present plans
to issue any shares of preferred stock.
</FONT>

<P align="left">
<B><FONT size="2">Delaware Law and our Charter and By-law
Provisions; Anti-Takeover Effects</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">We are subject to the provisions of
Section&nbsp;203 of the General Corporation Law of Delaware.
Section&nbsp;203 prohibits a publicly held Delaware corporation
from engaging in a &#147;business combination&#148; with an
&#147;interested stockholder&#148; for three years after the
date of the transaction in which the person became an interested
stockholder, unless the business combination is approved in a
prescribed manner. A &#147;business combination&#148; includes
mergers, asset sales and other transactions resulting in a
financial benefit to the interested stockholder. An
&#147;interested stockholder&#148; is a person who, together
with affiliates and associates, owns, or within three years did
own, 15% or more of the corporation&#146;s voting stock.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Our certificate of incorporation and by-laws
provide:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">That the board of directors be divided into three
    classes, as nearly equal in size as possible, with no class
    having more than one director more than any other class, with
    staggered three-year terms;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">That directors may be removed only for cause by
    the vote of the holders of at least 66% of the shares of our
    capital stock entitled to vote; and
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">That any vacancy on the board of directors,
    however occurring, including a vacancy resulting from an
    enlargement of the board, may only be filled by vote of a
    majority of the directors then in office.
    </FONT></TD>
</TR>

</TABLE>

<P align="left">
<FONT size="2">The classification of the board of directors and
the limitations on the removal of directors and filling of
vacancies could make it more difficult for a third party to
acquire, or discourage a third party from acquiring, us.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The certificate of incorporation and by-laws also
provide that:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Any action required or permitted to be taken by
    the stockholders at an annual meeting or special meeting of
    stockholders may only be taken if it is properly brought before
    such meeting and may not be taken by written action in lieu of a
    meeting; and
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Special meetings of the stockholders may only be
    called by the chairman of the board of directors, the president,
    or by the board of directors.
    </FONT></TD>
</TR>

</TABLE>

<P align="center"><FONT size="2">33
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<P align="left">
<FONT size="2">Our by-laws will also provide that, in order for
any matter to be considered &#147;properly brought&#148; before
a meeting, a stockholder must comply with requirements regarding
advance notice to us.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">These provisions could delay until the next
stockholders&#146; meeting stockholder actions which are favored
by the holders of a majority of our outstanding voting
securities. These provisions may also discourage another person
or entity from making a tender offer for our common stock,
because such person or entity, even if it acquired a majority of
our outstanding voting securities, would be able to take action
as a stockholder only at a duly called stockholders meeting, and
not by written consent.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Delaware law provides that the vote of a majority
of the shares entitled to vote on any matter is required to
amend a corporation&#146;s certificate of incorporation or
by-laws, unless a corporation&#146;s certificate of
incorporation or by-laws, as the case may be, requires a greater
percentage. Our certificate of incorporation requires the vote
of the holders of at least 75% of the shares of our capital
stock entitled to vote to amend or repeal any of the foregoing
provisions of our certificate of incorporation. Generally, our
by-laws may be amended or repealed by a majority vote of the
board of directors or the holders of a majority of the shares of
our capital stock issued and outstanding and entitled to vote.
Changes to our by-laws regarding special meetings of
stockholders, written actions of stockholders in lieu of a
meeting, and the election, removal and classification of members
of the board of directors require the vote of the holders of at
least 75% of the shares of our capital stock entitled to vote.
The stockholder vote would be in addition to any separate class
vote that might in the future be required pursuant to the terms
of any series preferred stock that might be then outstanding.
</FONT>

<P align="left">
<B><FONT size="2">Limitation of Liability and
Indemnification</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Our certificate of incorporation provides that
our directors and officers shall be indemnified by us except to
the extent prohibited by Delaware law. This indemnification
covers all expenses and liabilities reasonably incurred in
connection with their services for or on behalf of us. In
addition, our certificate of incorporation provides that our
directors will not be personally liable for monetary damages to
us or to our stockholders for breaches of their fiduciary duty
as directors, unless they violated their duty of loyalty to us
or our stockholders, acted in bad faith, knowingly or
intentionally violated the law, authorized illegal dividends or
redemptions or derived an improper personal benefit from their
action as directors.
</FONT>

<P align="left">
<B><FONT size="2">Transfer Agent and Registrar</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The transfer agent and registrar for our common
stock is EquiServe Trust Company, N.A.
</FONT>

<DIV align="left">
<A name='109'></A>
</DIV>

<!-- link1 "SUMMARY OF CERTAIN UNITED STATES FEDERAL INCOME TAX CONSIDERATIONS" -->

<P align="center">
<B><FONT size="2">SUMMARY OF CERTAIN UNITED STATES FEDERAL
INCOME TAX CONSIDERATIONS</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The following discussion describes the material
U.S. federal tax consequences of the ownership and disposition
of the convertible notes and of our common stock into which the
convertible notes may be converted. This discussion assumes that
the convertible notes are properly characterized as indebtedness
for U.S. federal income tax purposes and that the convertible
notes and common stock received upon the conversion of the
convertible notes cannot be integrated with any other financial
instrument.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">This summary is based on the Internal Revenue
Code of 1986, as amended, which we refer to as the Code,
administrative pronouncements, judicial decisions and final,
temporary and proposed Treasury regulations, changes to any of
which subsequent to the date of this prospectus may affect the
tax consequences described herein, possibly with retroactive
effect.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">This discussion applies only to holders that hold
the convertible notes and our common stock as capital assets
within the meaning of Section&nbsp;1221 of the Code (that is,
for investment purposes).
</FONT>

<P align="center"><FONT size="2">34
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">This discussion does not describe all of the tax
consequences that may be relevant to a holder in light of its
particular circumstances or to holders subject to special rules,
such as:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">certain financial institutions;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">insurance companies;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">dealers and certain traders in securities;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">persons holding the convertible notes or our
    common stock as part of a &#147;straddle,&#148;
    &#147;hedge,&#148; &#147;conversion,&#148; &#147;constructive
    sale,&#148; or similar transaction;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">United States Holders (as defined below) whose
    functional currency is not the U.S. dollar;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">certain former citizens or residents of the
    United States;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">partnerships or other entities classified as
    partnerships for U.S. federal income tax purposes; and
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">persons subject to the alternative minimum tax.
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Persons considering the purchase of the
convertible notes are urged to consult their tax advisers with
regard to the application of the U.S.&nbsp;federal income tax
laws to their particular situations as well as any tax
consequences arising under the laws of any state, local or
foreign taxing jurisdiction or under tax treaties.
</FONT>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<P align="left">
<B><FONT size="2">Tax Opinion</FONT></B>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">We have received the opinion of Hale and Dorr LLP
(the &#147;Opinion&#148;) to the effect that the statements of
law and legal conclusions regarding the United States federal
income tax consequences set forth in the section entitled
&#147;Summary of Certain United States Federal Income Tax
Considerations,&#148; subject to the limitations, qualifications
and assumptions set forth therein, constitute Hale and
Dorr&#146;s opinion as to such tax consequences.
</FONT>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Opinion is based upon assumptions and
limitations set forth above with respect to this discussion as
well as the assumptions noted in the Opinion. The Opinion will
not preclude the Internal Revenue Service or a court from
adopting a contrary position. We will not seek a ruling from the
Internal Revenue Service as to the U.S. federal income tax
treatment of ownership of the convertible notes and our common
stock.
</FONT>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Opinion is attached as exhibit 8.1 to the
registration statement of which this prospectus is a part.
</FONT>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<P align="left">
<B><FONT size="2">Tax Consequences to United States
Holders</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">As used herein, the term &#147;United States
Holder&#148; means a beneficial owner of a convertible note or
our common stock that is for U.S.&nbsp;federal income tax
purposes:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">a citizen or resident of the United States,
    including an alien individual who is a lawful permanent resident
    of the United States or who meets the substantial presence
    residency test under U.S.&nbsp;federal income tax laws;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR><TD><FONT size="1">

</FONT></TD></TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">a corporation, or other entity taxable as a
    corporation for U.S.&nbsp;federal income tax purposes, created
    or organized in or under the laws of the United States or of any
    political subdivision thereof;
    </FONT></TD>
</TR>

<TR><TD><FONT size="1">

</FONT></TD></TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR><TD><FONT size="1">

</FONT></TD></TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">an estate the income of which is subject to
    U.S.&nbsp;federal income taxation regardless of its source; or
    </FONT></TD>
</TR>

<TR><TD><FONT size="1">

</FONT></TD></TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">a trust if (1)&nbsp;a court within the United
    States is able to exercise primary supervision over the
    administration of the trust and one or more U.S.&nbsp;persons
    have the authority to control all substantial decisions of the
    trust, or (2)&nbsp;a valid election is in place to treat the
    trust as a U.S.&nbsp;person.
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">As used in this discussion, the term
&#147;Non-United States Holder&#148; means a beneficial owner of
a convertible note or our common stock that is not a United
States Holder.
</FONT>

<P align="center"><FONT size="2">35
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<P align="left">
<B><FONT size="2">Taxation of Interest</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Interest paid on the convertible notes will be
included in the income of a United States Holder as ordinary
income at the time it is received or accrued, in accordance with
the holder&#146;s regular method of tax accounting.
</FONT>

<P align="left">
<B><FONT size="2">Additional Interest</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">If the amount or timing of any payments on a note
is contingent, the note could be subject to special rules that
apply to contingent payment debt instruments. These rules
generally require a United States holder to accrue interest
income at a rate higher than the stated interest rate on the
note and to treat as interest income, which is taxed as ordinary
income (rather than capital gain), any gain recognized on a
sale, exchange, repurchase or retirement of the note before the
resolution of the contingencies.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">If the convertible notes are not registered with
the SEC within prescribed time periods or in certain other
circumstances described above in &#147;Description of the
Convertible Notes&nbsp;&#151; Registration Rights&#148;, holders
will be entitled to the payment of additional interest.
Notwithstanding the possibility of such contingent payments,
under applicable Treasury Regulations, payments on a note that
are subject to either a remote or incidental contingency may be
ignored. We believe that the prospect of the foregoing payments
being made should be considered as a remote and/or incidental
contingency so that the payments should be ignored.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Therefore, for purposes of filing tax or
information returns with the Internal Revenue Service, we will
not treat the convertible notes as contingent payment debt
instruments. Our determination that the convertible notes are
not contingent payment debt instruments is binding on each
holder unless the holder explicitly discloses in the manner
required by applicable Treasury Regulations that its
determination is different from ours. Our determination is not,
however, binding on the Internal Revenue Service. It is possible
that the Internal Revenue Service may make a different
determination, in which case the timing and amount of income
inclusions by a holder may be affected. This discussion assumes
that the convertible notes are not subject to the contingent
payment debt instrument rules.
</FONT>

<P align="left">
<B><FONT size="2">Amortizable Bond Premium on Notes</FONT></B>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">If a United States Holder purchases a note for an
amount in excess of all amounts payable on the note after the
purchase date, other than payments of qualified stated interest
and an amount attributable to a convertible notes conversion
feature, the excess will constitute bond premium. The bond
premium on a note will be the excess of the adjusted tax basis
in the note upon purchase over the note&#146;s principal amount.
</FONT>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">A United States Holder generally may elect to
amortize the bond premium over the term of the note on a
constant yield method. The amount amortized in any year will be
treated as a reduction of interest income from the note for that
year. If the amortizable bond premium allocable to a year
exceeds the amount of interest allocable to that year, the
excess would be allowed as a deduction for that year but only to
the extent of the United States Holder&#146;s prior interest
inclusions with respect to the note.
</FONT>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Because the convertible notes are redeemable at
our option on or after December&nbsp;15, 2010 (see
&#147;Description of Convertible Notes&nbsp;&#151; Optional
Redemption&#148;), special rules will apply which require a
United States Holder to determine the yield and maturity of a
convertible note for purposes of calculating and amortizing bond
premium by assuming that we will exercise our option to redeem
the convertible note in a manner that maximizes his or her
yield. If we do not exercise our option to redeem the
convertible note in the manner assumed, then solely for purposes
of calculating and amortizing any remaining bond premium, United
States Holders must treat the convertible note as retired and
reissued on the deemed redemption date for its adjusted purchase
price as of that date. The adjusted purchase price of the
convertible note is a United States Holder&#146;s initial
investment in the convertible note, decreased by the amount
attributable to the conversion feature and by the amount of any
payments, other than qualified
</FONT>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<P align="center"><FONT size="2">36
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV align="left">
<FONT size="2">stated interest payments, received with respect
to such convertible note and any bond premium previously
amortized by the holder.
</FONT>
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">If a United States Holder does not elect to
amortize bond premium, the bond premium on a convertible note
will decrease the gain or increase the loss that the holder
otherwise recognizes on the convertible note&#146;s disposition.
Any election to amortize bond premium applies to all debt
obligations, other than debt obligations the interest on which
is excludable from gross income, that a United States Holder
holds at the beginning of the first taxable year to which the
election applies or that the holder thereafter acquires. A
United States Holder may not revoke an election to amortize bond
premium without the consent of the IRS.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">We urge holders to consult with their tax
advisors regarding the consequences of amortizable bond premium
and any relevant elections.
</FONT>

<P align="left">
<B><FONT size="2">Market Discount on Notes</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">If a United States Holder purchases a convertible
note other than at original issue and his or her adjusted tax
basis upon purchase is less than the convertible note&#146;s
principal amount, then the holder will be treated as having
purchased that convertible note at a market discount equal to
the difference. The foregoing does not apply if the amount of
the market discount is less than the de minimis amount specified
under the Code. Under the market discount rules, a United States
Holder will be required to treat any gain on the sale, exchange,
redemption, retirement or other taxable disposition of a
convertible note, or any appreciation in a convertible note in
the case of a nontaxable disposition, such as a gift, as
ordinary income to the extent of the market discount that has
not previously been included in income and that is treated as
having accrued on the convertible note at the time of the
payment or disposition. In addition, a United States Holder may
be required to defer, until the maturity of the convertible note
or earlier taxable disposition, the deduction of all or a
portion of interest expense on any indebtedness incurred or
continued to purchase or carry the convertible note.
</FONT>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Any market discount will be considered to accrue
evenly during the period from the day after purchase to the
maturity date of the convertible note, unless the United States
Holder elects to accrue the market discount on a constant yield
method. A United States Holder may also elect to include market
discount in income currently as it accrues, on either an even or
constant yield method. In that event, the holder&#146;s basis in
the convertible note will increase by the amounts he or she so
includes in income. If a United States Holder makes the election
to include market discount in income currently, the rules
described above regarding ordinary income on dispositions and
deferral of interest deductions will not apply. This election to
include market discount in income currently, once made, applies
to all market discount obligations acquired on or after the
first taxable year to which the election applies. A United
States Holder may not revoke a market discount election without
the consent of the IRS. We urge holders to consult with their
tax advisors regarding these market discount elections.
</FONT>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Holders should consult their own tax advisors
concerning the existence of, and tax consequences of, market
discount.
</FONT>

<P align="left">
<B><FONT size="2">Sale, Exchange, Repurchase or Retirement of
Convertible Notes</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Upon a sale, exchange, repurchase or retirement
of a convertible note (other than a conversion into our common
stock), a United States Holder will generally recognize taxable
gain or loss equal to the difference between the amount realized
on the sale, exchange, repurchase or retirement (other than
amounts representing accrued and unpaid interest) and such
United States Holder&#146;s adjusted tax basis in the
convertible note. A United States Holder&#146;s adjusted tax
basis in a convertible note will generally be equal to the
holder&#146;s purchase price for the convertible note (decreased
by any principal payments the holder receives with respect to
the convertible note).
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Gain or loss recognized on the sale, exchange,
repurchase or retirement of a convertible note generally will be
capital gain or loss and will be long-term capital gain or loss
if at the time of the sale, exchange,
</FONT>

<P align="center"><FONT size="2">37
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV align="left">
<FONT size="2">repurchase or retirement the convertible note has
been held for more than one year. Any amounts attributable to
accrued interest, however, will be taxed as interest income (as
discussed above under &#147;Tax Consequences to United States
Holders&nbsp;&#151; Taxation of Interest&#148;) to the extent
the holder has not previously included such amounts in the
holder&#146;s taxable income. The deductibility of capital
losses is subject to limitations.
</FONT>
</DIV>

<P align="left">
<B><FONT size="2">Conversion of Convertible Notes into Common
Stock</FONT></B>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">A United States Holder&#146;s conversion of a
note into our common stock generally will not be a taxable
event, except that the receipt of cash in lieu of a fractional
share of our common stock will result in capital gain or loss
(measured by the difference between the cash received in lieu of
the fractional share and the United States Holder&#146;s tax
basis attributable to the fractional share).
</FONT>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">A United States Holder&#146;s adjusted tax basis
in our common stock received upon a conversion of a note will be
the same as the United States Holder&#146;s adjusted tax basis
in the note at the time of the conversion, reduced by any basis
attributable to a fractional share. The United States
Holder&#146;s holding period for the common stock received will
include the holding period of the note converted.
</FONT>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<P align="left">
<B><FONT size="2">Constructive Dividends</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">If at any time we decrease the conversion price,
either at our discretion or pursuant to the anti-dilution
provisions of the indenture, the decrease may be deemed to be
the payment of a taxable stock dividend to the United States
Holders of the convertible notes, although the holder would not
receive cash or other property. Generally, a reasonable decrease
in the conversion price in the event of stock dividends or
distributions of rights to our stockholders to subscribe for our
common stock will not be a taxable dividend. In certain
circumstances, the failure to adjust the conversion price may
result in a deemed distribution to the holders of our common
stock. Any constructive taxable stock dividend on the
convertible notes may not be eligible under recently enacted
legislation for taxation at lower rates.
</FONT>

<P align="left">
<B><FONT size="2">Taxation of Distributions on Common
Stock</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Distributions, if any, paid on our common stock
after a conversion, other than certain pro rata distributions of
common stock, will be treated as a dividend to the extent paid
out of current or accumulated earnings and profits (as
determined under U.S. federal income tax principles) and will be
includible in income by the United States Holder and taxable as
ordinary income when received or accrued, in accordance with
such United States Holder&#146;s method of accounting. If a
distribution exceeds our current and accumulated earnings and
profits, the excess will be first treated as a tax-free return
of the United States Holder&#146;s investment, up to the United
States Holder&#146;s tax basis in the common stock. Any
remaining excess will be treated as capital gain. If the United
States Holder is a U.S.&nbsp;corporation, it generally would be
able to claim a deduction equal to a portion of any dividends
received.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Under recently enacted legislation, dividends
received by noncorporate United States Holders on common stock
may be subject to U.S. federal income tax at lower rates than
other types of ordinary income if certain holding period
requirements and other conditions are met. United States Holders
should consult their own tax advisers regarding the implications
of this new legislation in their particular circumstances.
</FONT>

<P align="center"><FONT size="2">38
</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<P align="left">
<B><FONT size="2">Sale or Other Disposition of Common
Stock</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Unless a nonrecognition provision applies, gain
or loss realized by a United States Holder on the sale or other
disposition of our common stock received upon conversion of a
note will be recognized as capital gain or loss for
U.S.&nbsp;federal income tax purposes, and will be long-term
capital gain or loss if the United States Holder held the common
stock for more than one year. The amount of the United States
Holder&#146;s gain or loss will be equal to the difference
between the United States Holder&#146;s adjusted tax basis in
the common stock disposed of and the amount realized on the
disposition.
</FONT>

<P align="left">
<B><FONT size="2">Tax Consequences to Non-United States
Holders</FONT></B>

<P align="left">
<B><FONT size="2">Taxation of Interest</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Subject to the discussion below regarding backup
withholding, interest income on the convertible notes paid to a
Non-United States Holder will be exempt from U.S.&nbsp;federal
income and withholding tax, provided that:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">the Non-United States Holder does not own,
    actually or constructively, 10% or more of the total combined
    voting power of all classes of our stock entitled to vote and is
    not a controlled foreign corporation related, directly or
    indirectly, to us through stock ownership and is not a bank
    receiving certain types of interest;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">the certification requirement described below has
    been fulfilled with respect to the Non-United States Holder; and
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">such interest is not effectively connected with
    the conduct by such Non-United States Holder of a trade or
    business in the United States.
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The certification requirement referred to above
will be fulfilled if the beneficial owner of a convertible note
certifies to us or our paying agent on IRS Form&nbsp;W-8BEN (or
an appropriate substitute form), under penalties of perjury,
that it is not a U.S.&nbsp;person and provides its name and
address.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Interest income (including additional interest)
on the convertible notes that is not exempt from U.S. federal
income and withholding tax generally will be subject to U.S.
withholding tax at a 30% rate, subject to reduction by an
applicable treaty, unless such income is effectively connected
income as described below in &#147;Tax Consequences to
Non-United States Holders&nbsp;&#151; Effectively Connected
Income&#148;.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Additional interest received by a Non-United
States Holder if the convertible notes are not registered with
the SEC within prescribed time periods or in certain other
circumstances described above in &#147;Description of the
Convertible Notes&nbsp;&#151; Registration Rights&#148; may not
be exempt from U.S.&nbsp;withholding tax as described above.
Holders should consult with their own tax advisers regarding
such determination.
</FONT>

<P align="left">
<B><FONT size="2">Sale, Exchange or Other Disposition of
Convertible Notes or Common Stock</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Subject to the discussion below regarding backup
withholding, a Non-United States Holder generally will not be
subject to U.S. federal income and withholding tax on gain
realized on a sale, exchange or other disposition (other than a
conversion into our common stock, which is described below) of
the convertible notes or of our common stock, unless:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">the gain is effectively connected with the
    conduct by such Non-United States Holder of a trade or business
    in the United States,
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">in the case of a Non-United States Holder who is
    a nonresident alien individual, the individual is present in the
    United States for 183 or more days in the taxable year of the
    sale, exchange or disposition and certain other conditions are
    met,
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">the Non-United States holder is subject to Code
    provisions applicable to certain U.S. expatriates, or
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&#149;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">we are or have been, at any time within the
    shorter of the five-year period preceding such sale or other
    disposition or the period such holder held the convertible note
    or common stock, a U.S.&nbsp;real
    </FONT></TD>
</TR>

</TABLE>

<P align="center"><FONT size="2">39
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD align="left">
    <FONT size="2">property holding corporation for U.S. federal
    income tax purposes; however, as long as our common stock is
    regularly traded on an established securities market, only
    Non-United States Holders who have held more than 5% of such
    class of stock at any time during such five-year or shorter
    period would be subject to taxation under this rule. We do not
    believe that we are currently or ever have been a U.S.&nbsp;real
    property holding corporation or that we will become one in the
    future, although there can be no assurance that we will not
    become such a corporation.
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Any gain realized on a sale, exchange or other
disposition of the convertible notes taxed as interest income
will be subject to the rules described above regarding taxation
of interest.
</FONT>

<P align="left">
<B><FONT size="2">Conversion of Convertible Notes into Common
Stock</FONT></B>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Non-United States Holders generally will not be
subject to U.S. federal income and withholding tax on the
conversion of a note into shares of our common stock. However,
any gain recognized by a Non-United States Holder on the
conversion of a note into our common stock due to the receipt of
cash in lieu of a fractional share will be subject to the rules
described above regarding the sale, exchange or other
disposition of a note.
</FONT>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<P align="left">
<B><FONT size="2">Distributions on Convertible Notes and Common
Stock</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">If a Non-United States Holder of a convertible
note were deemed to have received a constructive dividend (see
&#147;Tax Consequences to United States Holders&nbsp;&#151;
Constructive Dividends&#148; above), the Non-United States
Holder generally will be subject to U.S. withholding tax at a
30%&nbsp;rate, subject to reduction by an applicable treaty, on
the taxable amount of the dividend unless such income is
effectively connected income as described below in &#147;Tax
Consequences to Non-United States Holders&nbsp;&#151;
Effectively Connected Income.&#148; In addition, dividends paid
to a Non-United States Holder of our common stock generally will
be subject to U.S. withholding tax at a 30%&nbsp;rate, subject
to reduction under an applicable treaty, unless such income is
effectively connected income as described below in &#147;Tax
Consequences to Non-United States Holders&nbsp;&#151;
Effectively Connected Income&#148;. In order to obtain a reduced
rate of withholding, a Non-United States Holder will be required
to provide to us or our paying agent a properly executed IRS
Form&nbsp;W-8BEN (or an appropriate substitute form) certifying
its entitlement to benefits under a treaty. A Non-United States
Holder who is subject to withholding tax under such
circumstances should consult his own tax adviser as to whether
he can obtain a refund for all or a portion of the withholding
tax.
</FONT>

<P align="left">
<B><FONT size="2">Effectively Connected Income</FONT></B>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">If a Non-United States Holder of a convertible
note or of our common stock is engaged in a trade or business in
the U.S. and if interest on the convertible note (including
additional interest), gain realized on a sale, exchange or other
disposition of the convertible note or of our common stock, or a
dividend (including a constructive dividend) on the convertible
note or on our common stock, is effectively connected with the
conduct of the trade or business, the Non-United States Holder,
although exempt from U.S. withholding tax, will generally be
taxed in the same manner as a United States Holder (see
&#147;Tax Consequences to United States Holders&#148; above),
except that the Non-United States Holder will be required to
provide a properly executed IRS&nbsp;Form&nbsp;W-8ECI in order
to claim an exemption from withholding tax. If a Non-United
States Holder is eligible for the benefits of a tax treaty, any
effectively connected income or gain will generally be subject
to U.S.&nbsp;federal income tax only if it is also attributable
to a permanent establishment maintained by the holder in the
United States. Non-United States Holders with effectively
connected income or gain should consult their own tax advisers
with respect to other tax consequences of the ownership of the
convertible note or of our common stock, including the possible
imposition of a 30%&nbsp;branch profits tax.
</FONT>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<P align="center"><FONT size="2">40
</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<P align="left">
<B><FONT size="2">United States Federal Estate Tax</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">A note held or beneficially owned by an
individual who at the time of death is not a citizen or resident
of the U.S. (as specially defined for U.S.&nbsp;federal estate
tax purposes) will not be subject to U.S.&nbsp;federal estate
tax if the individual did not actually or constructively
own&nbsp;10% or more of the total combined voting power of all
classes of our stock and, at the time of the individual&#146;s
death, payments with respect to such note would not have been
effectively connected with the conduct by such individual of a
trade or business in the U.S.&nbsp;Common stock held by an
individual who at the time of death is not a citizen or resident
of the U.S. (as specially defined for U.S.&nbsp;federal estate
tax purposes) will be included in such individual&#146;s estate
for U.S.&nbsp;federal estate tax purposes, unless an applicable
U.S.&nbsp;estate tax treaty otherwise applies.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Non-United States Holders should consult with
their tax advisors regarding U.S.&nbsp;federal, state, local and
foreign tax consequences with respect to the convertible notes
and common stock.
</FONT>

<P align="left">
<B><FONT size="2">Backup Withholding and Information
Reporting</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Information returns may be filed with the IRS in
connection with payments on the convertible notes and the common
stock and the proceeds from a sale or other disposition of the
convertible notes or the common stock. A United States Holder
may be subject to United States backup withholding tax on these
payments if it fails to provide its taxpayer identification
number to the paying agent and comply with certification
procedures or otherwise establish an exemption from backup
withholding. A Non-United States Holder may be subject to United
States backup withholding tax on these payments unless the
Non-United States Holder complies with certification procedures
to establish that it is not a U.S.&nbsp;person. The amount of
any backup withholding from a payment will be allowed as a
credit against the holder&#146;s U.S.&nbsp;federal income tax
liability and may entitle the holder to a refund, provided that
the required information is timely furnished to the IRS.
</FONT>

<DIV align="left">
<A name='110'></A>
</DIV>

<!-- link1 "SELLING SECURITYHOLDERS" -->

<P align="center">
<B><FONT size="2">SELLING SECURITYHOLDERS</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">We originally issued the convertible notes
covered by this prospectus on December&nbsp;12, 2003 and
January&nbsp;7, 2004 to Credit Suisse First Boston&nbsp;LLC,
whom we refer to as the initial purchaser of the convertible
notes. The initial purchaser of the convertible notes advised us
that the convertible notes were resold in transactions exempt
from the registration requirements of the Securities Act to
&#147;qualified institutional buyers,&#148; as defined in
Rule&nbsp;144A of the Securities Act. These subsequent
purchasers, or their transferees, pledgees, donees or
successors, may from time to time offer and sell any or all of
the convertible notes and/or shares of the common stock issuable
upon conversion of the convertible notes pursuant to this
prospectus.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The convertible notes and the shares of common
stock issuable upon conversion of the convertible notes are
being registered in accordance with the registration rights
agreement. Pursuant to the registration rights agreement, we are
required to file a registration statement with regard to the
convertible notes and the shares of our common stock issuable
upon conversion of the convertible notes and to keep the
registration statement effective until the earlier of:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(1)&nbsp;the sale of all the securities
    registered pursuant to the registration rights agreement, and
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(2)&nbsp;the expiration of the holding period
    applicable to these securities under Rule&nbsp;144(k) under the
    Securities Act or any successor provision.
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The selling securityholders may choose to sell
convertible notes and/or the shares of common stock issuable
upon conversion of the convertible notes from time to time. See
&#147;Plan of Distribution.&#148;
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The following table sets forth:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(1)&nbsp;the name of each selling securityholder
    who has provided us with notice as of the date of this
    prospectus pursuant to the registration rights agreement that
    they may intend to sell or otherwise
    </FONT></TD>
</TR>

</TABLE>

<P align="center"><FONT size="2">41
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <FONT size="2">dispose of convertible notes and/or shares of
    common stock issuable upon conversion of the convertible notes
    pursuant to the registration statement,
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(2)&nbsp;the principal amount of convertible
    notes and the number of shares of our common stock issuable upon
    conversion of the convertible notes which they may sell from
    time to time pursuant to the registration statement, and
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(3)&nbsp;the amount of outstanding convertible
    notes and share of our common stock beneficially owned by the
    selling securityholder after completion of the offering
    (excluding any shares owned or acquired other than upon
    conversion of the convertible notes).
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">To our knowledge, no selling securityholder nor
any of its affiliates has held any position or office with, been
employed by or otherwise has had any material relationship with
us or our affiliates, during the three years prior to the date
of this prospectus.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">A selling securityholder may offer all or some
portion of the convertible notes and shares of the common stock
issuable upon conversion of the convertible notes. Accordingly,
no estimate can be given as to the amount or percentage of
convertible notes or our common stock that will be held by the
selling securityholders upon termination of sales pursuant to
this prospectus. In addition, the selling securityholders
identified below may have sold, transferred or disposed of all
or a portion of their convertible notes since the date on which
they provided the information regarding their holdings in
transactions exempt from the registration requirements of the
Securities Act.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The information contained under the column
heading &#147;Shares of Common Stock That may be Sold&#148;
represents shares issuable upon conversion of the principal
amount of convertible notes listed and assumes conversion of the
full amount of the convertible notes at the initial rate of
$15.45 per $1,000 in principal amount of the convertible notes.
The name &#147;Unknown&#148; represents the remaining selling
securityholders. We are unable to provide the names of these
securityholders because certain of these convertible notes are
currently evidenced by a global convertible note which has been
deposited with DTC and registered in the name of Cede&nbsp;&#38;
Co. as DTC&#146;s nominee.
</FONT>

<P align="center"><FONT size="2">42
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
    <TD width="36%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="7%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="7%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="6%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="6%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="6%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Principal Amount of</FONT></B></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Principal Amount of</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Shares of</FONT></B></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Convertible Notes</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Shares of</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Convertible Notes</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Common Stock</FONT></B></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Beneficially Owned</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Common Stock</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Owned After</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Beneficially Owned</FONT></B></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">That May Be</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">That May</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Completion of</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">After Completion</FONT></B></TD>
</TR>

<TR>
    <TD align="center" nowrap><B><FONT size="1">Name</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Sold($)</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Be Sold</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Offering($)</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">of Offering</FONT></B></TD>
</TR>

<TR>
    <TD align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">BNP Paribas Equity Strategies, SNC
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">1,604,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">103,818</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">CNM CA Master Account, L.P.&nbsp;</FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">1,000,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">64,725</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">CooperNeff Convertible Strategies (Cayman) Master
    Fund, L.P.&nbsp;</FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">1,588,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">102,783</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Credit Suisse First Boston LLC
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">34,500,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">2,233,009</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Geode U.S. Convertible Arbitrage Fund
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">3,000,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">194,174</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Goldman, Sachs&nbsp;&#38; Co.&nbsp;</FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">5,000,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">323,624</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Grace Brothers, Ltd.&nbsp;</FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">1,500,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">97,087</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Grace Convertible Arbitrage Fund,
    Ltd.&nbsp;</FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">6,000,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">388,349</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Guggenheim Portfolio Co. XV, LLC
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">750,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">48,544</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Hourglass Masterfund, Ltd.&nbsp;</FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">1,700,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">110,032</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">JMG Capital Partners, L.P.&nbsp;</FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">8,750,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">566,343</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">JMB Triton Offshore Fund, Ltd.&nbsp;</FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">11,250,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">728,155</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">KBC Convertible Mac28 Fund, Ltd.&nbsp;</FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">2,340,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">151,456</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">KBC Convertible Opportunities Fund
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">15,080,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">976,051</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">KBC Financial Products USA Inc.&nbsp;</FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">4,000,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">258,899</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">KBC Multi Strategy Arbitrage Fund
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">7,280,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">471,197</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Lyxor/ Convertible Arbitrage Fund Limited
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">140,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">9,061</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Melody IAM, Ltd.&nbsp;</FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">1,300,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">84,142</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Piper Jaffray&nbsp;&#38; Co.&nbsp;</FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">2,000,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">129,449</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Radcliffe SPC, Ltd.&nbsp;</FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">2,000,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">129,449</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Ramius Master Fund, LTD
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">3,000,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">194,175</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">RCG Halifax Master Fund, LTD
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">750,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">48,544</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">RCG Latitude Master Fund, LTD
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">4,500,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">291,262</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">RCG Multi Strategy Master Fund, LTD
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">1,250,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">80,906</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Singlehedge U.S. Convertible Arbitrage Fund
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">448,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">28,997</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Sturgeon Limited
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">220,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">14,239</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Xavex Convertible Arbitrage 5 Fund
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">750,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">48,544</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">ZCM Asset Holding, LLC
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">300,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">19,417</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Any other holder of convertible notes or future
    transferee, pledgee, donee or successor of any holder(1)
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">78,000,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">5,048,552</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>

</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Total
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">200,000,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">12,944,983</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="4" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="4" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="4" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="4" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>

</TR>

</TABLE>
</CENTER>

<DIV align="left"><FONT size="1">

</FONT></DIV>
<P>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD><FONT size="2">(1)&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Information about other selling securityholders
    will be set forth in prospectus supplements or amendments to
    this prospectus, as applicable. Assumes that any other holders
    of convertible notes or any future transferees, pledgees, donees
    or successors of any holder of convertible notes do not
    beneficially own any shares of our common stock other than the
    shares of our common stock issuable upon conversion of the
    convertible notes.
    </FONT></TD>
</TR>

</TABLE>

<DIV align="left"><FONT size="1">

</FONT></DIV>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="99%"></TD>
</TR>

<TR valign="top">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">If, after the date of this prospectus, a
    securityholder notifies us pursuant to the registration rights
    agreement of its intent to dispose of convertible notes pursuant
    to the registration statement, we may supplement this prospectus
    to include that information.
    </FONT></TD>
</TR>

</TABLE>

<P align="center"><FONT size="2">43
</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV align="left">
<A name='111'></A>
</DIV>

<!-- link1 "PLAN OF DISTRIBUTION" -->

<P align="center">
<B><FONT size="2">PLAN OF DISTRIBUTION</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">We are registering the convertible notes and the
shares of our common stock issuable upon conversion of the
convertible notes to permit public secondary trading of these
securities by the holders from time to time after the date of
this prospectus. We have agreed, among other things, to bear all
expenses, other than underwriting discounts and selling
commissions, in connection with the registration and sale of the
convertible notes and the shares of our common stock issuable
upon conversion of the convertible notes covered by this
prospectus.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">We will not receive any of the proceeds from the
offering of the convertible notes or the shares of our common
stock issuable upon conversion of the convertible notes by the
selling securityholders. The convertible notes and shares of
common stock issuable upon conversion of the convertible notes
may be sold from time to time directly by any selling
securityholder or, alternatively, through underwriters,
broker-dealers or agents. If convertible notes or shares of
common stock issuable upon conversion of the convertible notes
are sold through underwriters or broker-dealers, the selling
securityholder will be responsible for underwriting discounts or
commissions or agents&#146; commissions.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The convertible notes or shares of common stock
issuable upon conversion of the convertible notes may be sold:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(1)&nbsp;in one or more transactions at fixed
    prices,
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(2)&nbsp;at prevailing market prices at the time
    of sale,
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(3)&nbsp;at varying prices determined at the time
    of sale or
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(4)&nbsp;at negotiated prices.
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Such sales may be effected in transactions, which
may involve block trades or transactions in which the broker
acts as agent for the seller and the buyer:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(1)&nbsp;on any national securities exchange or
    quotation service on which the convertible notes or shares of
    common stock issuable upon conversion of the convertible notes
    may be listed or quoted at the time of sale,
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(2)&nbsp;in the over-the-counter market,
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(3)&nbsp;in transactions otherwise than on a
    national securities exchange or quotation service or in the
    over-the-counter market, or
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(4)&nbsp;through the writing of options.
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">In connection with sales of the convertible notes
or shares of common stock issuable upon conversion of the
convertible notes or otherwise, any selling securityholder may:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(1)&nbsp;enter into hedging transactions with
    broker-dealers, which may in turn engage in short sales of the
    convertible notes or shares of common stock issuable upon
    conversion of the convertible notes in the course of hedging the
    positions they assume,
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(2)&nbsp;sell short and deliver convertible notes
    or shares of common stock issuable upon conversion of the
    convertible notes to close out the short positions, or
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(3)&nbsp;loan or pledge convertible notes or
    shares of common stock issuable upon conversion of the
    convertible notes to broker-dealers that in turn may sell the
    securities.
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Our outstanding common stock is publicly traded
on the NASDAQ National Market. The initial purchaser of the
convertible notes has advised us that it is making and currently
intends to continue making a market in the convertible notes;
however, it is not obligated to do so and any market-making of
this type may be discontinued at any time without notice, in the
sole discretion of the initial purchaser. We do not intend to
apply for listing of the convertible notes on NASDAQ or any
securities exchange. Accordingly, we cannot ensure that any
trading market will develop or have any liquidity.
</FONT>

<P align="center"><FONT size="2">44
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The selling securityholders and any
broker-dealers, agents or underwriters that participate with the
selling securityholders in the distribution of the convertible
notes or the shares of common stock issuable upon conversion of
the convertible notes may be deemed to be
&#147;underwriters&#148; within the meaning of the Securities
Act, in which event any commissions received by these
broker-dealers, agents or underwriters and any profits realized
by the selling securityholders on the resales of the convertible
notes or the shares may be deemed to be underwriting commissions
or discounts under the Securities Act.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">In addition, any securities covered by this
prospectus which qualify for sale pursuant to Rule&nbsp;144,
Rule&nbsp;144A, Regulation&nbsp;S or any other available
exemption from registration under the Securities Act may be sold
under Rule 144, Rule&nbsp;144A, Regulation&nbsp;S or any of the
other available exemptions rather than pursuant to this
prospectus.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">There is no assurance that any selling
securityholder will sell any or all of the convertible notes or
shares of common stock issuable upon conversion of the
convertible notes described in this prospectus, and any selling
securityholder may transfer, devise or gift the securities by
other means not described in this prospectus.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">We originally issued the convertible notes to the
initial purchasers in December 2003 and January 2004 in private
placements. We agreed to indemnify and hold the initial
purchasers of the convertible notes harmless against certain
liabilities under the Securities Act that could arise in
connection with the sale of the convertible notes by the initial
purchasers. The registration rights agreement provides for us
and the selling securityholders to indemnify each other against
certain liabilities arising under the Securities Act.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">We agreed pursuant to the registration rights
agreement to use our best efforts to cause the registration
statement to which this prospectus relates to become effective
as promptly as is practicable and to keep the registration
statement effective until the earlier of:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(1)&nbsp;the sale of all the securities
    registered pursuant to the registration rights agreement, and
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(2)&nbsp;the expiration of the holding period
    applicable to the securities under Rule&nbsp;144(k) under the
    Securities Act or any successor provision.
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The registration rights agreement provides that
we may suspend the use of this prospectus in connection with
sales of convertible notes and shares of common stock issuable
upon conversion of the convertible notes by holders for a period
not to exceed an aggregate of 60&nbsp;days in any 365&nbsp;day
period, under certain circumstances relating to pending
corporate developments, public filings with the Commission and
similar events. We will bear the expenses of preparing and
filing the registration statement and all post-effective
amendments.
</FONT>

<DIV align="left">
<A name='112'></A>
</DIV>

<!-- link1 "VALIDITY OF SECURITIES" -->

<P align="center">
<B><FONT size="2">VALIDITY OF SECURITIES</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The validity of the convertible notes and
underlying shares of common stock offered hereby will be passed
upon for us by Hale and Dorr LLP, Boston, Massachusetts.
</FONT>

<DIV align="left">
<A name='113'></A>
</DIV>

<!-- link1 "EXPERTS" -->

<P align="center">
<B><FONT size="2">EXPERTS</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The consolidated financial statements
incorporated in this prospectus by reference to our annual
report on Form&nbsp;10-K for the year ended December&nbsp;31,
2003 have been so incorporated in reliance on the report of
PricewaterhouseCoopoers LLP, independent accountants, given on
the authority of said firm as experts in auditing and accounting.
</FONT>

<P align="center"><FONT size="2">45
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV align="left">
<A name='114'></A>
</DIV>

<!-- link1 "WHERE YOU CAN FIND MORE INFORMATION" -->

<P align="center">
<B><FONT size="2">WHERE YOU CAN FIND MORE INFORMATION</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">We file reports, proxy statements and other
documents with the Securities and Exchange Commission. You may
read and copy any document we file with the SEC at the public
reference facilities the SEC maintains at:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <FONT size="2">Room&nbsp;1024, Judiciary Plaza
    </FONT></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <FONT size="2">450 Fifth Street, N.W.
    </FONT></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <FONT size="2">Washington, D.C. 20549
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Please call the SEC at 1-800-SEC-0330 for further
information on the public reference rooms.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The SEC also maintains a Web site, the address of
which is <I>http://www.sec.gov</I>. That site also contains our
annual, quarterly and special reports, proxy statements,
information statements and other information.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">This prospectus is part of a registration
statement that we filed with the SEC. The registration statement
contains more information than this prospectus regarding us and
the securities, including exhibits and schedules. You can obtain
a copy of the registration statement from the SEC at any address
listed above or from the SEC&#146;s Web site.
</FONT>

<DIV align="left">
<A name='115'></A>
</DIV>

<!-- link1 "INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE" -->

<P align="center">
<B><FONT size="2">INCORPORATION OF CERTAIN DOCUMENTS BY
REFERENCE</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The SEC allows us to &#147;incorporate&#148; into
this prospectus information that we file with the SEC in other
documents. This means that we can disclose important information
to you by referring to other documents that contain that
information. Any information that we incorporate by reference is
considered part of this prospectus. The documents and reports
that we list below are incorporated by reference into this
prospectus. In addition, all documents and reports which we file
pursuant to Section&nbsp;13(a), 13(c), 14 or 15(d) of the
Securities Exchange Act after the date of this prospectus are
incorporated by reference in this prospectus as of the
respective filing dates of these documents and reports.
Statements contained in documents that we file with the SEC and
that are incorporated by reference in this prospectus will
automatically update and supersede information contained in this
prospectus, including information in previously filed documents
or reports that have been incorporated by reference in this
prospectus, to the extent the new information differs from or is
inconsistent with the old information.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">We have filed the following documents with the
SEC. These documents are incorporated herein by reference as of
their respective dates of filing:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(1)&nbsp;Our Annual Report on Form&nbsp;10-K for
    the year ended December 31, 2003;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR><TD><FONT size="1">

</FONT></TD></TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(2)&nbsp;Our Current Reports on Form&nbsp;8-K
    filed on January&nbsp;8, 2004, February&nbsp;2, 2004 and
    March&nbsp;24, 2004;
    </FONT></TD>
</TR>

<TR><TD><FONT size="1">

</FONT></TD></TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(3)&nbsp;The description of our common stock
    contained in our Registration Statement on Form&nbsp;8-A
    declared effective on October&nbsp;28, 1999; and
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(4)&nbsp;The description of our Series&nbsp;A
    Junior Participating Preferred Stock contained in our
    Registration Statement on Form&nbsp;8-A declared effective on
    September&nbsp;11, 2002 and as amended on February&nbsp;2, 2004.
    </FONT></TD>
</TR>

</TABLE>

<P align="center"><FONT size="2">46
</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">You may request a copy of these documents, which
will be provided to you at no cost, by contacting:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <FONT size="2">Akamai Technologies
    </FONT></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <FONT size="2">8 Cambridge Center
    </FONT></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <FONT size="2">Cambridge, MA 02142
    </FONT></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <FONT size="2">Attention: General Counsel
    </FONT></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <FONT size="2">Telephone: (617)&nbsp;444-3000
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">We also make available free of charge through our
Internet website at www.akamai.com our annual report on
Form&nbsp;10-K, quarterly reports on Form&nbsp;10-Q, current
reports on for 8-K and, if applicable, amendments to those
reports filed or furnished pursuant to Section&nbsp;13(a) of the
Exchange Act as soon as reasonably practicable after we
electronically file such material with, or furnish such material
to, the SEC.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">You should rely only on the information contained
in this prospectus, including information incorporated by
reference as described above, or any prospectus supplement or
that we have specifically referred you to. We have not
authorized anyone else to provide you with different
information. You should not assume that the information in this
prospectus or any prospectus supplement is accurate as of any
date other than the date on the front of those documents or that
any document incorporated by reference is accurate as of any
date other than its filing date. You should not consider this
prospectus to be an offer or solicitation relating to the
securities in any jurisdiction in which such an offer or
solicitation relating to the securities is not authorized.
Furthermore, you should not consider this prospectus to be an
offer or solicitation relating to the securities if the person
making the offer or solicitation is not qualified to do so, or
if it is unlawful for you to receive such an offer or
solicitation.
</FONT>

<P align="center"><FONT size="2">47
</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<P align="center">
<B><FONT size="2">PART II</FONT></B>

<P align="center">
<B><FONT size="2">INFORMATION NOT REQUIRED IN
PROSPECTUS</FONT></B>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="9%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top">
    <TD><B><FONT size="2">Item&nbsp;14.</FONT></B></TD>
    <TD>
    <B><I><FONT size="2">Other Expenses of Issuance and
    Distribution.</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The following table sets forth the various
expenses to be incurred in connection with the registration of
the securities being registered hereby, all of which will be
borne by Akamai, except any underwriting discounts and
commissions and expenses incurred by the selling securityholders
for brokerage, accounting, tax or legal services or any other
expenses incurred by the selling securityholders in disposing of
the convertible notes or the shares of common stock underlying
such convertible notes. All amounts shown are estimates except
the SEC registration fee.
</FONT>

<CENTER>
<TABLE width="70%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="83%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">SEC registration fee
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">25,340</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Printing and engraving expenses
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">25,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Legal fees and expenses
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">50,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Accounting fees and expenses
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">20,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="2"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>

</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Total expenses
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">120,340</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="2"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="4" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>

</TR>

</TABLE>
</CENTER>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="9%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top">
    <TD><B><FONT size="2">Item&nbsp;15.</FONT></B></TD>
    <TD>
    <B><I><FONT size="2">Indemnification of Directors and
    Officers.</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Article&nbsp;SEVENTH of our Amended and Restated
Certificate of Incorporation provides that no director of our
company shall be personally liable for any monetary damages for
any breach of fiduciary duty as a director, except to the extent
that the Delaware General Corporation Law prohibits the
elimination or limitation of liability of directors for breach
of fiduciary duty.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Article&nbsp;EIGHTH of our Certificate of
Incorporation provides that a director or officer of our company
(a)&nbsp;shall be indemnified by us against all expenses
(including attorneys&#146; fees), judgments, fines and amounts
paid in settlement incurred in connection with any litigation or
other legal proceeding (other than an action by or in the right
of our company) brought against him by virtue of his position as
a director or officer of our company if he acted in good faith
and in a manner he reasonably believed to be in, or not opposed
to, the best interests of our company, and, with respect to any
criminal action or proceeding, had no reasonable cause to
believe his conduct was unlawful and (b)&nbsp;shall be
indemnified by our company against all expenses (including
attorneys&#146; fees) and amounts paid in settlement incurred in
connection with any action by or in the right of our company
brought against him by virtue of his position as a director or
officer of our company if he acted in good faith and in a manner
he reasonably believed to be in, or not opposed to, the best
interests of our company, except that no indemnification shall
be made with respect to any matter as to which such person shall
have been adjudged to be liable to us, unless a court determines
that, despite such adjudication but in view of all of the
circumstances, he is entitled to indemnification of such
expenses. Notwithstanding the foregoing, to the extent that a
director or officer has been successful, on the merits or
otherwise, including, without limitation, the dismissal of an
action without prejudice, he is required to be indemnified by us
against all expenses (including attorneys&#146; fees) incurred
in connection therewith. Expenses shall be advanced to a
director or officer at his request, provided that he undertakes
to repay the amount advanced if it is ultimately determined that
he is not entitled to indemnification for such expenses.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Indemnification is required to be made unless we
determine that the applicable standard of conduct required for
indemnification has not been met. In the event of a
determination by us that the director or officer did not meet
the applicable standard of conduct required for indemnification,
or if we fail to make an indemnification payment within
60&nbsp;days after such payment is claimed by such person, such
person is permitted to petition the court to make an independent
determination as to whether such person is entitled to
indemnification. As a condition precedent to the right of
indemnification, the director or officer must give us notice of
the action for which indemnity is sought and we have the right
to participate in such action or assume the defense thereof.
</FONT>

<P align="center"><FONT size="2">II-1
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Article&nbsp;Eighth of our Certificate of
Incorporation further provides that the indemnification provided
therein is not exclusive, and provides that in the event that
the Delaware General Corporation Law is amended to expand the
indemnification permitted to directors or officers we must
indemnify those persons to the fullest extent permitted by such
law as so amended.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Section&nbsp;145 of the Delaware General
Corporation Law provides that a corporation has the power to
indemnify a director, officer, employee or agent of the
corporation and certain other persons serving at the request of
the corporation in related capacities against amounts paid and
expenses incurred in connection with an action or proceeding to
which he is or is threatened to be made a party by reason of
such position, if such person shall have acted in good faith and
in a manner he reasonably believed to be in or not opposed to
the best interests of the corporation, and, in any criminal
proceeding, if such person had no reasonable cause to believe
his conduct was unlawful; provided that, in the case of actions
brought by or in the right of the corporation, no
indemnification shall be made with respect to any matter as to
which such person shall have been adjudged to be liable to the
corporation unless and only to the extent that the adjudicating
court determines that such indemnification is proper under the
circumstances.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">We maintain a general liability insurance policy
which covers certain liabilities of directors and officers of
our company arising out of claims based on acts or omissions in
their capacities as directors or officers.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">In the underwriting agreements the underwriters
will agree to indemnify, under certain conditions, us, our
directors, certain of our officers and persons who control us
within the meaning of the Securities Act, against certain
liabilities.
</FONT>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="9%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top">
    <TD><B><FONT size="2">Item&nbsp;16.</FONT></B></TD>
    <TD>
    <B><I><FONT size="2">Exhibits and Financial Statement
    Schedules.</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The exhibits filed as part of this Registration
Statement on Form&nbsp;S-3 are listed in the Exhibit&nbsp;Index
immediately preceding the exhibits and are incorporated herein.
</FONT>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="9%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top">
    <TD><B><FONT size="2">Item&nbsp;17.</FONT></B></TD>
    <TD>
    <B><I><FONT size="2">Undertakings.</FONT></I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The undersigned Registrant hereby undertakes:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(1)&nbsp;To file, during any period in which
    offers or sales are being made, a post-effective amendment to
    this Registration Statement:
    </FONT></TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(i)&nbsp;To include any prospectus required by
    Section&nbsp;10(a)(3) of the Securities Act;
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(ii)&nbsp;To reflect in the prospectus any facts
    or events arising after the effective date of this Registration
    Statement (or the most recent post-effective amendment thereof)
    which, individually or in the aggregate, represent a fundamental
    change in the information set forth in this Registration
    Statement. Notwithstanding the foregoing, any increase or
    decrease in the volume of securities offered (if the total
    dollar value of securities offered would not exceed that which
    was registered) and any deviation from the low or high end of
    the estimated maximum offering range may be reflected in the
    form of prospectus filed with the Commission pursuant to
    Rule&nbsp;424(b) if, in the aggregate, the changes in volume and
    price represent no more than 20&nbsp;percent change in the
    maximum aggregate offering price set forth in the
    &#147;Calculation of Registration Fee&#148; table in the
    effective Registration Statement; and
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(iii)&nbsp;To include any material information
    with respect to the plan of distribution not previously
    disclosed in this Registration Statement or any material change
    to such information in this Registration Statement;
    </FONT></TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <I><FONT size="2">provided, however</FONT></I><FONT size="2">,
    that paragraphs&nbsp;(1)(i) and (1)(ii) do not apply if the
    information required to be included in a post-effective
    amendment by those paragraphs is contained in periodic reports
    filed with or furnished to the Commission by the Registrant
    pursuant to Section&nbsp;13 or Section&nbsp;15(d) of the
    Securities Exchange Act that are incorporated by reference in
    this Registration Statement.
    </FONT></TD>
</TR>

</TABLE>

<P align="center"><FONT size="2">II-2
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(2)&nbsp;That, for the purposes of determining
    any liability under the Securities Act, each post-effective
    amendment that contains a form of prospectus shall be deemed to
    be a new registration statement relating to the securities
    offered therein, and the offering of such securities at the time
    shall be deemed to be the initial <I>bona fide </I>offering
    thereof.
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(3)&nbsp;To remove from registration by means of
    a post-effective amendment any of the securities being
    registered which remain unsold at the termination of the
    offering.
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Registrant hereby undertakes that, for
purposes of determining any liability under the Securities Act,
each filing of the Registrant&#146;s annual report pursuant to
Section&nbsp;13(a) or 15(d) of the Securities Exchange Act (and,
where applicable, each filing of an employee benefit plan&#146;s
annual report pursuant to Section&nbsp;15(d) of the Securities
Exchange Act) that is incorporated by reference in this
Registration Statement shall be deemed to be a new registration
statement relating to the securities offered therein and the
offering of such securities at the time shall be deemed to be
the initial <I>bona fide </I>offering thereof.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Insofar as indemnification for liabilities
arising under the Securities Act may be permitted to directors,
officers and controlling persons of the Registrant pursuant to
the indemnification provisions described herein, or otherwise,
the Registrant has been advised that in the opinion of the
Securities and Exchange Commission such indemnification is
against public policy as expressed in the Securities Act and is,
therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment
by the Registrant of expenses incurred or paid by a director,
officer or controlling person of the Registrant in the
successful defense of any action, suit or proceeding) is
asserted by such director, officer or controlling person in
connection with the securities being registered, the Registrant
will, unless in the opinion of its counsel the matter has been
settled by controlling precedent, submit to a court of
appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in
the Securities Act and will be governed by the final
adjudication of such issue.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The undersigned registrant hereby undertakes to
file an application for the purpose of determining the
eligibility of the trustee to act under Subsection (a)&nbsp;of
Section&nbsp;310 of the Trust Indenture Act in accordance with
the rules and regulations prescribed by the Commission under
Section&nbsp;305(b)(2) of the Trust Indenture Act.
</FONT>

<P align="center"><FONT size="2">II-3
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<P align="center">
<B><FONT size="2">SIGNATURES</FONT></B>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Pursuant to the requirements of the Securities
Act of 1933, as amended, the Registrant certifies that it has
reasonable grounds to believe that it meets all of the
requirements for filing on Form&nbsp;S-3 and has duly caused
this Amendment No.&nbsp;1 to Registration Statement to be signed
on its behalf by the undersigned, thereunto duly authorized, in
the City of Cambridge, Commonwealth of Massachusetts, on
March&nbsp;24, 2004.
</FONT>

<DIV align="left"><FONT size="1">

</FONT></DIV>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="40%"></TD>
    <TD width="60%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <FONT size="2">AKAMAI TECHNOLOGIES, INC.
    </FONT></TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="40%"></TD>
    <TD width="2%"></TD>
    <TD width="58%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">By:&nbsp;</FONT></TD>
    <TD align="center">
    <FONT size="2">/s/ ROBERT COBUZZI
    </FONT></TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="40%"></TD>
    <TD width="60%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <HR size="1" align="left" noshade></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="center">
    <FONT size="2">Robert Cobuzzi,
    </FONT></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="center">
    <I><FONT size="2">Chief Financial Officer</FONT></I></TD>
</TR>

</TABLE>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Pursuant to the requirements of the Securities
Act of 1933, as amended, this Amendment No.&nbsp;1 to
Registration Statement has been signed by the following persons
in the capacities and on the dates indicated.
</FONT>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
    <TD width="6%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="29%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="40%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="16%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
</TR>

<TR>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Signature</FONT></B></TD>
    <TD></TD>
    <TD align="center" nowrap><B><FONT size="1">Title</FONT></B></TD>
    <TD></TD>
    <TD align="center" nowrap><B><FONT size="1">Date</FONT></B></TD>
</TR>

<TR>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD align="center" nowrap><HR size="1" noshade></TD>
</TR>

<TR>
    <TD colspan="7"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="3" align="center" valign="top">
    <FONT size="2">*<BR>
    <HR size="1" noshade>George H. Conrades
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top">
    <FONT size="2">Chairman and Chief Executive Officer (Principal
    Executive Officer)
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top">
    <FONT size="2">March&nbsp;24, 2004
    </FONT></TD>
</TR>

<TR>
    <TD colspan="7"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="7"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="3" align="center" valign="top">
    <FONT size="2">/s/ ROBERT COBUZZI<BR>
    <HR size="1" noshade>Robert Cobuzzi
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top">
    <FONT size="2">Chief Financial Officer and Treasurer (Principal
    Financial and Accounting Officer)
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top">
    <FONT size="2">March&nbsp;24, 2004
    </FONT></TD>
</TR>

<TR>
    <TD colspan="7"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="7"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="3" align="center" valign="top">
    <FONT size="2">*<BR>
    <HR size="1" noshade>Martin M. Coyne II
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top">
    <FONT size="2">Director
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top">
    <FONT size="2">March&nbsp;24, 2004
    </FONT></TD>
</TR>

<TR>
    <TD colspan="7"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="7"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="3" align="center" valign="top">
    <FONT size="2">*<BR>
    <HR size="1" noshade>C. Kim Goodwin
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top">
    <FONT size="2">Director
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top">
    <FONT size="2">March&nbsp;24, 2004
    </FONT></TD>
</TR>

<TR>
    <TD colspan="7"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="7"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="3" align="center" valign="top">
    <FONT size="2">*<BR>
    <HR size="1" noshade>Ronald Graham
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top">
    <FONT size="2">Director
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top">
    <FONT size="2">March&nbsp;24, 2004
    </FONT></TD>
</TR>

<TR>
    <TD colspan="7"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="7"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="3" align="center" valign="top">
    <FONT size="2">*<BR>
    <HR size="1" noshade>William A. Halter
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top">
    <FONT size="2">Director
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top">
    <FONT size="2">March&nbsp;24, 2004
    </FONT></TD>
</TR>

<TR>
    <TD colspan="7"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="7"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="3" align="center" valign="top">
    <BR>
    <HR size="1" noshade><FONT size="2">Peter J. Kight
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top">
    <FONT size="2">Director
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top">
    <FONT size="2">March&nbsp;24, 2004
    </FONT></TD>
</TR>

</TABLE>
</CENTER>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<P align="center"><FONT size="2">II-4
</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<CENTER>
<TABLE width="90%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
    <TD width="7%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="31%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="41%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="12%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
</TR>

<TR>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Signature</FONT></B></TD>
    <TD></TD>
    <TD align="center" nowrap><B><FONT size="1">Title</FONT></B></TD>
    <TD></TD>
    <TD align="center" nowrap><B><FONT size="1">Date</FONT></B></TD>
</TR>

<TR>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD align="center" nowrap><HR size="1" noshade></TD>
</TR>

<TR>
    <TD colspan="7"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="3" align="center" valign="top">
    <FONT size="2">*<BR>
    <HR size="1" noshade>F. Thomson Leighton
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top">
    <FONT size="2">Director
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top">
    <FONT size="2">March&nbsp;24, 2004
    </FONT></TD>
</TR>

<TR>
    <TD colspan="7"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="7"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="3" align="center" valign="top">
    <FONT size="2">*<BR>
    <HR size="1" noshade>Frederic V. Salerno
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top">
    <FONT size="2">Director
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top">
    <FONT size="2">March&nbsp;24, 2004
    </FONT></TD>
</TR>

<TR>
    <TD colspan="7"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="7"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="3" align="center" valign="top">
    <FONT size="2">*<BR>
    <HR size="1" noshade>Naomi O. Seligman
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top">
    <FONT size="2">Director
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top">
    <FONT size="2">March&nbsp;24, 2004
    </FONT></TD>
</TR>

<TR>
    <TD colspan="7"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="7"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="center" valign="top">
    <FONT size="2">*By:
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top">
    <FONT size="2">/s/ ROBERT COBUZZI<BR>
    <HR size="1" noshade>Attorney-in-Fact
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

</TABLE>
</CENTER>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<P align="center"><FONT size="2">II-5
</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<P align="center">
<B><FONT size="2">EXHIBIT INDEX</FONT></B>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
    <TD width="8%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="8%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="80%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Exhibit</FONT></B></TD>
    <TD></TD>
    <TD></TD>
</TR>

<TR>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Number</FONT></B></TD>
    <TD></TD>
    <TD align="center" nowrap><B><FONT size="1">Description</FONT></B></TD>
</TR>

<TR>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD align="center" nowrap><HR size="1" noshade></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">*1.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Purchase Agreement, dated as of December&nbsp;8,
    2003, by and between the Registrant and Credit Suisse First
    Boston LLC
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">**3.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Amended and Restated Certificate of Incorporation
    of the Registrant
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">***3.2</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Amended and Restated By-Laws of the Registrant
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">****3.3</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Certificate of Designations of Series&nbsp;A
    Junior Participating Preferred Stock of the Registrant
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">***4.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Specimen common stock certificate
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">*4.2</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Indenture, dated as of December&nbsp;12, 2003 by
    and between the Registrant and U.S. Bank National Association.
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">*****4.3</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Indenture, dated as of June&nbsp;20, 2000, by and
    between the Registrant and State Street Bank and Trust Company
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">*4.4</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Registration Rights Agreement, dated as of
    December&nbsp;12, 2003, by and between the Registrant and Credit
    Suisse First Boston LLC
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">**4.5</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Fourth Amended and Restated Registration Rights
    Agreement dated September&nbsp;29, 1999
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">#######5.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Opinion of Hale and Dorr LLP
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">8.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Tax Opinion of Hale and Dorr LLP
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">&#134;10.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Second Amended and Restated 1998 Stock Incentive
    Plan of the Registrant, as amended
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">***10.2</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Form of Restricted Stock Agreement granted under
    the 1998 Stock Incentive Plan of the Registrant
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">***10.3</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Form of Incentive Stock Option Agreement granted
    under the 1998 Stock Incentive Plan of the Registrant
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">***10.4</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Form of Nonstatutory Stock Option Agreement
    granted under the 1998 Stock Incentive Plan of the Registrant
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">***10.5</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">1999 Employee Stock Purchase Plan, as amended
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">&#134;&#134;10.6</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Lease Termination Agreement, dated as of
    March&nbsp;18, 2002, by and between the Registrant and
    Massachusetts Institute of Technology
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">&#134;&#134;10.7</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Sublease Agreement, dated as of May&nbsp;3, 2002,
    by and between the Registrant and Novell, Inc., as amended by a
    First Amendment dated as of June&nbsp;6, 2002
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">&#134;&#134;&#134;10.7</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Incentive Stock Option Agreement, dated as of
    July&nbsp;12, 2002, by and between the Registrant and George
    Conrades
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">&#134;&#134;&#134;10.8</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Incentive Stock Option Agreement, dated as of
    July&nbsp;12, 2002, by and between the Registrant and Paul Sagan
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">&#134;&#134;&#134;&#134;10.9</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Office Lease, dated June&nbsp;30, 2000, between
    the Registrant and San Tomas Properties, LLC
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">&#134;&#134;&#134;&#134;10.10</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Agreement, dated November&nbsp;6, 2002, between
    the Registrant and San Tomas Properties, LLC
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">&#134;&#134;&#134;&#134;&#134;10.11</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Rights Agreement, dated September&nbsp;10, 2002,
    by and between the Registrant and Equiserve Trust Company, N.A.
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">#10.12</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">2001 Stock Incentive Plan of the Registrant
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">##10.13</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Restricted Stock Agreement, dated as of
    November&nbsp;14, 2002, between the Registrant and Michael
    Ruffolo
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">##10.14</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Restricted Stock Agreement, dated as of
    November&nbsp;14, 2002, between the Registrant and Chris
    Schoettle
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">##10.15</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Incentive Stock Option Agreement, dated as of
    November&nbsp;18, 2002, between the Registrant and Robert Cobuzzi
    </FONT></TD>
</TR>

</TABLE>
</CENTER>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
    <TD width="8%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="8%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="80%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Exhibit</FONT></B></TD>
    <TD></TD>
    <TD></TD>
</TR>

<TR>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Number</FONT></B></TD>
    <TD></TD>
    <TD align="center" nowrap><B><FONT size="1">Description</FONT></B></TD>
</TR>

<TR>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD align="center" nowrap><HR size="1" noshade></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">***10.16</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Patent and Copyright License Agreement, dated as
    of October&nbsp;26, 1998, between the Registrant and
    Massachusetts Institute of Technology
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">###10.17</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Amendment to Real Estate Lease, dated May&nbsp;5,
    2003, between the Registrant and San Tomas Properties, LLC
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">###10.18</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">2003 EVP Incentive Plan, dated April&nbsp;29,
    2003, between the Registrant and Michael Ruffolo
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">###10.19</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">2003 EVP Incentive Plan, dated May&nbsp;2, 2003,
    between the Registrant and Chris Schoettle
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">####10.20</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Incentive Stock Option Agreement, dated
    May&nbsp;15, 2003, between the Registrant and Michael Ruffolo
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">####10.21</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Incentive Stock Option Agreement, dated
    May&nbsp;15, 2003, between the Registrant and Chris Schoettle
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">@####10.22</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Akamai Services Customer Agreement, dated as of
    September&nbsp;1, 2003, between the Registrant and Microsoft
    Corporation
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">#####10.23</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Form of Deferred Stock Unit Agreement for
    Non-Employee Directors of the Registrant
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">##10.24</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Employment Offer Letter, dated as of
    July&nbsp;24, 2001, between the Registrant and Michael Ruffolo
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">##10.25</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Employment Offer Letter, dated as of
    February&nbsp;15, 2001, between the Registrant and Chris
    Schoettle
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">######10.26</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Employment Offer Letter, dated August&nbsp;21,
    2003, between the Registrant and Melanie Haratunian
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">#######12.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Statement of Computation of Ratio of Earnings to
    Fixed Charges
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">#######21.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Subsidiaries of the Registrant
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">23.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Consent of PricewaterhouseCoopers LLP
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">#######23.2</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Consent of Hale and Dorr LLP (included in Exhibit
    5.1)
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">23.3</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Consent of Hale and Dorr LLP (included in Exhibit
    8.1)
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">#######24.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Power of Attorney (see page&nbsp;II-4 of this
    Registration Statement)
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">#######25.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Statement of Eligibility of Trustee
    </FONT></TD>
</TR>

</TABLE>
</CENTER>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<P align="left">
<HR size="1" width="18%" align="left" noshade>

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
    <TD width="11%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="43%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="42%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">*
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3" align="left" valign="top"><FONT size="2">Incorporated by reference to the Registrant&#146;s Current Report on Form&nbsp;8-K filed with the Securities and Exchange Commission (the &#147;Commission&#148;) on December&nbsp;16, 2003.</FONT></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">**
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3" align="left" valign="top"><FONT size="2">Incorporated by reference to the Registrant&#146;s Quarterly Report on Form&nbsp;10-Q filed with the Commission on August&nbsp; 14, 2000.</FONT></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">***
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3" align="left" valign="top"><FONT size="2">Incorporated by reference to the Registrant&#146;s Form&nbsp;S-1 (File No.&nbsp;333-85679), as amended, filed with the Securities and Exchange Commission on August&nbsp;21, 1999.</FONT></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">****
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3" align="left" valign="top"><FONT size="2">Incorporated by reference to the Registrant&#146;s Quarterly Report on Form&nbsp;10-Q filed with the Commission on November&nbsp; 14, 2002.</FONT></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">*****
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3" align="left" valign="top"><FONT size="2">Incorporated by reference to the Registrant&#146;s Current Report on Form&nbsp;8-K filed with the Commission on June&nbsp;27, 2000.</FONT></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">&#134;
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3" align="left" valign="top"><FONT size="2">Incorporated by reference to the Registrant&#146;s Form&nbsp;S-8 filed with the Commission on May&nbsp;25, 2000.</FONT></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">&#134;&#134;
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3" align="left" valign="top"><FONT size="2">Incorporated by reference to the Registrant&#146;s Quarterly Report on Form&nbsp;10-Q filed with the Commission on May&nbsp;14, 2002.</FONT></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">&#134;&#134;&#134;
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3" align="left" valign="top"><FONT size="2">Incorporated by reference to the Registrant&#146;s Quarterly Report on Form&nbsp;10-Q filed with the Commission on August&nbsp; 13, 2002.</FONT></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">&#134;&#134;&#134;&#134;
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3" align="left" valign="top"><FONT size="2">Incorporated by reference to the Registrant&#146;s Quarterly Report on Form&nbsp;10-Q filed with the Commission on November&nbsp; 14, 2002.</FONT></TD>
</TR>

</TABLE>
</CENTER>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
    <TD width="11%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="43%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="42%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">&#134;&#134;&#134;&#134;&#134;
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3" align="left" valign="top"><FONT size="2">Incorporated by reference to the Registrant&#146;s Current Report on Form&nbsp;8-K filed with the Commission on September&nbsp;11, 2002.</FONT></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">#
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3" align="left" valign="top"><FONT size="2">Incorporated by reference to the Registrant&#146;s Annual Report on Form&nbsp;10-K filed with the Commission on February&nbsp;27, 2002.</FONT></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">##
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3" align="left" valign="top"><FONT size="2">Incorporated by reference to the Registrant&#146;s Annual Report on Form&nbsp;10-K filed with the Commission on March&nbsp;28, 2003.</FONT></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">###
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3" align="left" valign="top"><FONT size="2">Incorporated by reference to the Registrant&#146;s Quarterly Report on Form&nbsp;10-Q filed with the Commission on May&nbsp;15, 2003.</FONT></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">####
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3" align="left" valign="top"><FONT size="2">Incorporated by reference to the Registrant&#146;s Quarterly Report on Form&nbsp;10-Q filed with the Commission on August&nbsp; 14, 2003.</FONT></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">#####
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3" align="left" valign="top"><FONT size="2">Incorporated by reference to the Registrant&#146;s Quarterly Report on Form&nbsp;10-Q filed with the Commission on November&nbsp; 13, 2003.</FONT></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">######
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3" align="left" valign="top"><FONT size="2">Incorporated by reference to the Registrant&#146;s Annual Report on Form&nbsp;10-K filed with the Commission on March&nbsp;10, 2004.</FONT></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">#######
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3" align="left" valign="top"><FONT size="2">Previously filed.</FONT></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">@
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3" align="left" valign="top"><FONT size="2">Confidential treatment has been requested as to certain portions of this Exhibit. Such portions have been omitted and filed separately with the Securities and Exchange Commission.</FONT></TD>
</TR>

</TABLE>
</CENTER>

<DIV align="left"><FONT size="1">

</FONT></DIV>
</BODY>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-8.1
<SEQUENCE>3
<FILENAME>b49587a1exv8w1.htm
<DESCRIPTION>EX-8.1 TAX OPINION OF HALE AND DORR LLP
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-8.1 Tax Opinion of Hale and Dorr LLP</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="right" style="font-size: 10pt">Exhibit &nbsp;8.1

<CENTER>
<IMG src="b49587a1haledorr.jpg">
</CENTER>

<P align="center" style="font-size: 10pt"><B>haledorr.com</B><BR>
60 <FONT style="font-variant:small-caps">State Street</FONT> &#149;
<FONT style="font-variant:small-caps">Boston</FONT>, MA 02109<BR>
617-526-6000 &#149; <FONT style="font-variant:small-caps">Fax</FONT>
&nbsp;617-526-5000


<P align="center" style="font-size: 10pt">March&nbsp;24, 2004



<P align="left" style="font-size: 10pt">Akamai Technologies, Inc.<BR>
8 Cambridge Center<BR>
Cambridge, Massachusetts 02142


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Re:
&nbsp;&nbsp;<U>Registrations Statement on Form&nbsp;S-3</U>

<P align="left" style="font-size: 10pt">Ladies and Gentlemen:



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have acted as counsel for Akamai Technologies, Inc., a Delaware corporation
(the &#147;Company&#148;) in connection with the registration by the Company of
$200,000,000 of 1.0% Convertible Senior Notes due 2033 (the &#147;Notes&#148;) and the
underlying shares of common stock issuable upon conversion of such Notes (the
&#147;Shares&#148;) of the Company.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This opinion is being delivered to you in connection with the filing of a
registration statement (the &#147;Registration Statement&#148;) on Form S-3. In our
capacity as counsel to the Company and for purposes of rendering this opinion,
we have examined and relied upon the factual matters set forth in the
Registration Statement, the schedules and exhibits thereto, and such other
documents as we considered relevant to our analysis. In our examination of
documents, we have assumed the authenticity of original documents, the accuracy
of copies, the genuineness of signatures, and the legal capacity of
signatories. We have assumed that all parties to any documents examined by us
have acted, and will act, in accordance with the terms of such documents
without any waiver or modification of their terms and conditions.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The conclusions expressed herein represent our judgment as to the proper
treatment of certain aspects of the ownership of Notes and Shares under the
income tax laws of the United States based upon the Internal Revenue Code of
1986, as amended (the &#147;Code&#148;), Treasury Regulations, case law, and rulings and
other pronouncements of the Internal Revenue Service (the &#147;IRS&#148;) as in effect
on the date of this opinion. No assurances can be given that such laws will
not be amended or otherwise changed prior to the date of this opinion, or at
any other time, or that such changes will not affect the conclusions expressed
herein. Nevertheless, we undertake no responsibility to advise you of any
developments after the date of this opinion in the application or
interpretation of the income tax laws of the United States.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our opinion represents our best judgment of how a court would decide if
presented with the issues addressed herein and is not binding upon either the
IRS or any court. Thus, no assurances can be given that a position taken in
reliance on our opinion will not be challenged by the IRS or rejected by a
court.

<P>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="100%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">

    <TD nowrap align="center"><FONT style="font-variant:small-caps">Boston&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
London&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Munich&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
New York&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Oxford&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Princeton&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Reston&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Waltham&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Washington</FONT><HR size="1" noshade></TD>
</TR>


<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><I>Hale and Dorr LLP is a
Massachusetts Limited Liability Partnership</I></TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<P align="left" style="font-size: 10pt">Akamai Technologies, Inc.<BR>
March&nbsp;24, 2004<BR>
Page 2


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This opinion addresses only certain United States federal income tax aspects of
the ownership of Notes and Shares and does not address any other federal,
state, local, or foreign income, estate, gift, transfer, sales, use, or other
tax consequences that may result from the ownership of Notes and Shares or any
other transaction. Without limiting the generality of the foregoing, we
express no opinion regarding the tax consequences to shareholders of Company
that are subject to special tax rules.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On the basis of, and subject to, the foregoing, and in reliance upon the
representations and assumptions described above, the statements of law and
legal conclusions regarding the United States federal income tax consequences
set forth in the section entitled &#147;Summary of Certain United States Federal
Income Tax Considerations&#148; in the Registration Statement, subject to the
limitations, qualifications and assumptions set forth therein, constitute our
opinion as to such tax consequences.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This opinion is intended solely for the purpose of inclusion as an exhibit to
the Registration Statement. It may not be relied upon for any other purpose
and may not be made available to any other person or entity without our prior
written consent. We hereby consent to the filing of this opinion as an exhibit
to the Registration Statement and further consent to the use of our name in the
Registration Statement in connection with references to this opinion and the
tax consequences of ownership of Notes and Shares. In giving this consent,
however, we do not hereby concede that we are experts within the meaning of the
Securities Act of 1933, as amended, or the rules and regulations thereunder,
nor do we admit that we are in the category of persons whose consent is
required under Section&nbsp;7 of the Securities Act of 1933, as amended.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Very truly yours,</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>
<TR><TD>&nbsp;</TD></TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ HALE AND DORR LLP</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">HALE AND DORR LLP</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>




<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

</BODY>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>4
<FILENAME>b49587a1exv23w1.txt
<DESCRIPTION>EX-23.1 CONSENT OF PRICEWATERHOUSECOOPERS LLP
<TEXT>
<PAGE>


                                                                    EXHIBIT 23.1


                       CONSENT OF INDEPENDENT ACCOUNTANTS

We hereby consent to the incorporation by reference in this Registration
Statement on Form S-3 of our report dated January 29, 2004, except for Note 21,
as to which the date is February 19, 2004 relating to the consolidated financial
statements, which appears in Akamai Technologies, Inc.'s Annual Report on Form
10-K for the year ended December 31, 2003. We also consent to the incorporation
by reference of our report dated January 29, 2004 relating to the financial
statement schedules, which appears in such Annual Report on Form 10-K. We also
consent to the reference to us under the heading "Experts" in such Registration
Statement.


/s/ PricewaterhouseCoopers LLP


Boston, Massachusetts
March 24, 2004

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>b49587a1akamai.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 b49587a1akamai.gif
M1TE&.#EA7@`O`/?_````````,P``9@``F0``S```_P`S```S,P`S9@`SF0`S
MS``S_P!F``!F,P!F9@!FF0!FS`!F_P"9``"9,P"99@"9F0"9S`"9_P#,``#,
M,P#,9@#,F0#,S`#,_P#_``#_,P#_9@#_F0#_S`#__S,``#,`,S,`9C,`F3,`
MS#,`_S,S`#,S,S,S9C,SF3,SS#,S_S-F`#-F,S-F9C-FF3-FS#-F_S.9`#.9
M,S.99C.9F3.9S#.9_S/,`#/,,S/,9C/,F3/,S#/,_S/_`#/_,S/_9C/_F3/_
MS#/__V8``&8`,V8`9F8`F68`S&8`_V8S`&8S,V8S9F8SF68SS&8S_V9F`&9F
M,V9F9F9FF69FS&9F_V:9`&:9,V:99F:9F6:9S&:9_V;,`&;,,V;,9F;,F6;,
MS&;,_V;_`&;_,V;_9F;_F6;_S&;__YD``)D`,YD`9ID`F9D`S)D`_YDS`)DS
M,YDS9IDSF9DSS)DS_YEF`)EF,YEF9IEFF9EFS)EF_YF9`)F9,YF99IF9F9F9
MS)F9_YG,`)G,,YG,9IG,F9G,S)G,_YG_`)G_,YG_9IG_F9G_S)G__\P``,P`
M,\P`9LP`F<P`S,P`_\PS`,PS,\PS9LPSF<PSS,PS_\QF`,QF,\QF9LQFF<QF
MS,QF_\R9`,R9,\R99LR9F<R9S,R9_\S,`,S,,\S,9LS,F<S,S,S,_\S_`,S_
M,\S_9LS_F<S_S,S___\``/\`,_\`9O\`F?\`S/\`__\S`/\S,_\S9O\SF?\S
MS/\S__]F`/]F,_]F9O]FF?]FS/]F__^9`/^9,_^99O^9F?^9S/^9___,`/_,
M,__,9O_,F?_,S/_,____`/__,___9O__F?__S/___P``````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M`````````````````````"P`````7@`O```(_P"O"1Q(L*#!@P@3*ES(L*'#
MAQ`C2IQ(L:+%BQ@1:=RHL17&CR`-:M1!LJ1)DH@\AEQ)$=')C@=;J61)LZ'+
MDEY4MD+DY21)+XAJ"DW8\Z?.HCY/YAS*M)7)H`*1)DT*E2E+IR5U3MV*T^I*
MK"2U4H5Y;:-2KR!->A$(]F=5A3=UK$5K$>G<MCEW3@4ZLVQ8NBU-JA3<2NK6
MI6Q[`I;8%BK2PER3SHW:=S%#J6RS&I;+<?-?RQ'Q1@TK%;%!O2<K@UXHU2-6
M+ZT3[NQH=[7#MCH$WHP[6:1/H"7?VD88E^1HV#]M2HT[?.%+@2B30WQLO'G"
MY]>BZU!]&:5+X=8'/O_'^IUBS[5`PQ]\[A)XW=PRU1MDKT-C;\;WY8M7>\WI
MQH;0&"/@@,X0-*`QZAWH$W1`@7?0,0<*6.!`!X87H(0^>60<=P5=&.$Q`WDX
M87/.$.A34"XY!*&`'B(H4(D2Z@?=@OXQY"&(%;XX(#37K&C,A,[X:,PQ/%YS
MXXI$0@,CD2'"2&"1%5)U#6P,^<ACCM=4Z".(/4:XXS5.>NDECRU&*-"`('K6
MWW8*W:BC@!0*2&2.8=:9I9AX%KBED&`2Z->)4^9'D)5ONNBDD$4&Z8PS/#I9
MX(&,'HBCGS\N>N:`?<:875(>F=8AF@,YFFF$11KIJ(]&@GHGG*NZJ*2<87:P
MR>J?9_6'T):+!NFGD)@*5*:9HHIX*9R_@HKEIK\E5&R$CXI9)))D@NIDHWX*
MBR:U,:JJVUZWX@GIJL?X.*&?PS;+ZK2C1CJKAZ]J.I!G<AG4XC&YUNEHK.`6
M:JZ+.5IYJ$"HHEO0807Q25"=E":,9[K#<EGALG`>.Q!N:LWT[<$+CXI@B[&*
KNNJXO2*<;:\'P<NFC#45IQ2'*%L$V5XLMUS12$HY*//-..>L\\X#!00`.S\_
`
end

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>b49587a1haledorr.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 b49587a1haledorr.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#__@`<4V]F='=A<F4Z($UI8W)O<V]F="!/
M9F9I8V7_VP!#``H'!P@'!@H("`@+"@H+#A@0#@T-#AT5%A$8(Q\E)"(?(B$F
M*S<O)BDT*2$B,$$Q-#D[/CX^)2Y$24,\2#<]/CO_P``+"``@`,X!`1$`_\0`
M&P```@,!`0$``````````````P0"!08``0?_Q``]$``!`P($`P4&`P0+````
M```!`@,$!1$`!A(A$S%!(E%A<8$'%",R,Y$50E(68G*S%R4W0T1U@J'!P^'_
MW0`$`"C_V@`(`0$``#\`U=20Z/:Q3J<F?/3#D07)#K"9CH0I84;&P5L/`;8/
M[579$#)4JIPIDJ)*84V$+8?6C93B0;@&QV/48UD*.B)$;:0MU8`^9UU3BCYJ
M42<4]`S4S7*S5:<&2TJ$M)94?[]H[:QX:DJ'E;$:O7:E`S12J.Q'C+;J?%TN
MK4H%OAI"C<#G>_AAW,M2DT;+\RIQ6VG51&E/*;=)`4E()(!'(X1C5/,<FG0:
M@B'3UM20RM3:7'-:$+*;D;6-@;^F-'A"MU+\(H\B:EHO.-ILTTGFZX39"1YJ
M('KB&7ZPSF"@PZJP+)DM!13^A7)2?0@CTQ2KSF[3\X_@=6BH9BO%*(TY"CH+
MA%PVH'D2.7>1]K:MU"?`>@HB-QUIER`P>*5722%&^W/Y>7CBOEUZK-YS1EZ/
M'A*#L(RT/.*6+`*";$#K<XE)S)-HM0AQZ]#8;C37@PS-C.E2$N'Y4K2H`IO;
M8@D=]L:3'SYZ*IWVOJI2IU1$%RDF66$3WDIXO%TW%E;;=!MBPS-2)U!H\FM9
M?JDY#\)LOKC2I*Y#+R$[J20X20;`V((PU'SHU/IE&<@1N-.K+>MF.I>E+82.
MVI:K&R4G;E<FUAB=7J]>R]!74Y<:'/A,#5(1%"FW6T=5`*)"[<R.S@=8S3*C
M/4-=+;BRHM:<2VTXXI22FZ2H*V&XMTP6-F&>UFM.7JE#82X_%5)CR([A4E02
M;%*DD7!]3A:F9@S!59=7BQXE.#E+D<"ZW%@.G2%7Y=GGXXM,JU].9J`Q5!&5
M&4M2T+:4K5I4E12;'J+CGBXQV.Q\_K\"%4O;!1XTZ,U)9-+=);=2%"X4;;'"
MWM2RW0Z=D"=*A4F)'?0MG2XVT$J%W$@[^6-CF"8_&HH8A*`FS2F-%N;66H?-
M_I2%*\DXRM:;FY7J]#S`[#B1840)ITK@2%.?`78)*KH3LE5CZXM,Q$?TC90W
MZ3?Y0PWGN4RC*-8B%7QG:;(<2FW-*4@$_=:?O@>7HAI^7:94)-9G+8;AMJ4R
MOA\.Q0`!L@*VOMOW<\:?&=JCLR?F*/%@,L/IIJ1(?2\\6T\184EL7"57L-9M
M;JDXJLH+D4+--5RW-;:93))J4)#3A6@)6;.)!(')0O:W4XL95&A9AEU^F3V]
M;+P9%Q\R#HV4#T(.XQGH=9G,56EY4KZRJIPIZ%L2"-IC&AP!P?O#D1_[BW?_
M`+8XG^1N?SAB&?PBL"F9;BJ#DV3-:>6E.Y990=2G%=PZ#O)VQ__0^S8PI(/M
MU&_++_\`W8L\]UAJ'EZ536+/U.I,JC1(B#=QQ2P4WMW"]R>6V,U%IAR3FO*@
MF+'N:J8JG*?_`"(?*M>YZ:CL,;3-DIF)E6I+=[6N,MI"!N7%J24I2!U))`MX
MXQLRE/TFE^S^ER%E$AF6A"RD@E"N$J]O(G_;%EE-Y4'-4^DUX\:NZ-4>>Y_B
MXU[C2.2=)YI2!OOOSQ3>[5EY[.#U$D.!^/50XY%0=/O3?#3J;U#M))'(I(.-
MSE2=2:AEJ&_1&T-0M&E#*18M$<TD=X-[_?'D69(.::G%>E$Q8\9AQ"%)2`DK
M+@5O:_Y!S/4XC1)<F5'J(E35*6W->8:44H!2E)VM86)\[X1RA.KE2B0ITQTN
MQ9$!#BU.)0D\8D'L!(!TVO?5UM;KBU=RU1'YOOSM+C+E7)XZFP5CUY]<&J-$
MI=8"4U*`Q+2GDEY`4!Z'`SEZCJ+!-.8)C?1[/T_X>[!ZC2H%68]WJ,1J4S>_
M#=3J3]L+/Y:HDDLJ?I<9U4=&AHK1<MI[@>F/6<N46.'N%2XR?>&BT[\,'6@\
MTGO'AB",JT!L-A-(B@-$*0`V.R1N+>6+;"46D4^%+=EQHC33[_U7$BRE^9ZX
MB[0Z6_4D5)V`RN8V;H?4FZT^1Z8G'I-/B2W9D>(VW(>^HXD=I?F>N)2:9!F2
MXTN3%;=D1%%3#JD]ILD6-CXX7F9=HT^89DNFQWI)2$\5:`56[K]V#0*33J6%
MB!!CQ>(;K+3825'Q(Y^N',5,O*M`GS%S)='B/R7+:G7&@5'UP>GT*D4E:ET^
MF18JU[*6TRE*E>9`N<,3(46H15Q9L=J0PX++;=0%)5Y@X4AY>I,!U#D>$@+;
M^FI9*^'_``ZB=/I;$YM$I=2?;?FP6)#K6[:W$W*#WCN],3DTFGS7H[\F&R\[
M%-V'%I!4V?W3TY8]8I5/C3GIS$1IJ2_NZZA-E+/CWXZ'2X%/=?=A0V8ZY*];
MQ;0$\17>;<SXX&_1*9)E+E/PFG'UZ=2U)W5I^6_?;$4T&E(?4^B`TEQ2U+*@
M+'4H$*5YD$[^.&H<*-3XR(T-A##"-DMH%DI\ATP?'8__T?I<Q']?K,^,Y(@K
MC(2QI:+J$.!2M=T@&Q(*+$CH?5Z<J1&HKRJ:UKD-L'@-JZJ`[(-_^<#I;LMU
MZ5QBXN.%)X"W6]"R-(U`BPV!ZV[^[`FY$XUAZ.LO!H2$ELAKL%KA`GM6M\]Q
MSORP2LN5%IN.::`MWBW4VI-TN)"22DG\M[``]"1SP>F.O/TYEY]+J7%C44NI
M"5IN=@0.1MA:@R*B_%<_$FR'4J`"[$)6-()(!2DC>^Q!\SB,*1.77)S+_%]V
M0Y9@J;LDIT-GGIW[16/FZ<NN"R94AFMQ6PEY45QA>O0R5`.:D!%R!ML5]>F.
MJCTMIV(ED.)86M0?<:;UK0-)TV%CL3;>QP6G+EN4F.N>GARE-`NA(Y*MOMO]
ML(98E563#4:NAU#^EM0"VM/-`U;@#\VK:UQ;J+'!V)%1_:!]AU!5"TDMK`("
M39&QNG<DE6X4>X@6Q:8JJI.G1ID41(SCK*%I,G2V570HZ1;ROJ-N@\<%K:I;
M='DNP%N)DMM*4TEM`65J"39-B#UMAQE*DLI"W%.']2@`3Y@`8\DI"HKJ2G4"
M@BUKWV[L5^7'%"B0HSC+[;K,5H.\5I2.UIW&XW-P;XZ1.G-UR.VW'<5!)X3J
M@V=ED:@J_P"D6`ORNK?EB5;74FVHZJ:3J4[PW!H"@`I)`4?!*BDGP!P2C/3)
7%.;?GMJ9?<W4RH#X?2WB-K^N'\=C_]D_
`
end

</TEXT>
</DOCUMENT>
</SUBMISSION>
