“Technology Trader” column discusses Akamai (AKAM), whose stock is down 45% over the past 12 mo’s from concerns over increased CDN competition, in particular price-cutting by some rivals. But Akamai last wk reported a blowout DecQ. Demand for the co's service is running high, thanks in no small measure to the proliferation of network-TV shows being streamed over the Internet. Recession? Not in Akamai's universe. "I don't think ppl can afford to cut back on Internet strategies," CEO Paul Sagan said in an interview. "My guess is that if we see a downturn, it won't have a significant impact on us." Growing at about 40%, and trading at about 20x estd ‘08 earnings, this one looks cheap.