Exodus Communications Among Picks of Fidelity Manager Sullivan
You must be referring to this,eh? Looks like she bought the stock in the low 30s or something starting December,wonder she buys it now.
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'...Among her top 10 holdings is Exodus Communications, which operates computer-network and Internet servers for other companies on an outsource basis. The company is investing heavily in data centers around the United States and abroad, so it is not yet profitable, Ms. Sullivan said, "but they're getting very close, and the majority of their data centers are cash-flow positive."
She said that revenues of Exodus had more than quadrupled last year, to $53 million, from $12 million in 1997, and that in the first quarter of 1999, they were running at a $120 million annual rate.
Exodus, based in Santa Clara, Calif., had its initial public offering last year. The stock has traded as low as $7.75 and as high as $109; it closed last week at $138.
Ms. Sullivan began buying Exodus stock in December, at a price "in the low $30s," she said....'
nytimes.com |
