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Strategies & Market Trends : Sharck Soup

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To: Electric who wrote (29360)	6/25/2001 1:45:24 PM
From: Softechie	Read Replies (1) of 37746

Electric You should read this on EXDS: 11:41 (Dow Jones) Let's resist the obvious puns in discussing Exodus Communications' (EXDS) woes. But suffice it to say that the company's cash is leaving its coffers en masse. Exodus had $1.04 billion in cash at March 31. By June 30, that balance should be down to $550 million, the company said. By year-end, it'll be at $200 million, which the company says is enough to fund itself through mid-2002, when it expects to generate positive cash flow from operations. Jefferies analyst Fred Moran says the company will run out of cash by early 2002. As for borrowing money, it just got more expensive -- S&P cut the company's debt rating Thursday. (PDL)

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