The following news looks terrific. But even this isn't turning around this stock much, or even sparking any interest on this thread! Has everyone abandoned ship? Even you, millionairess?
fwiw, cpth seems to be stabilizing at 35. But I was talking like that at 50. :<
Watching this stock get more attractive all the time. At what price the bottom?
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Critical Path Teams Up with Exodus Communications; Exodus To Offer Critical Path's
Outsourced Messaging Services to Growing Cadre of Enterprise Customers
SAN FRANCISCO--(BUSINESS WIRE)--Aug. 2, 1999--
Critical Path to locate Web Servers in Exodus' New
York Internet Data Center Facility
Critical Path, Inc. (Nasdaq:CPTH), a leading provider of business-to-business Internet
messaging solutions for corporations, Internet service providers (ISPs), Web hosting
companies, and Web portals, today announced it has teamed with Exodus
Communications(TM), Inc. (Nasdaq:EXDS), leading provider of Internet system and
network management solutions for enterprises with mission-critical Internet operations.
Exodus(TM) will offer Critical Path's email services under the Exodus brand name as a
part of a new Exodus initiative to provide expanded enterprise-class services to its
customers. Critical Path is the first company to team with Exodus to deliver traditional
and Web-based messaging services to Exodus' substantial customer base, which
includes a rapidly growing roster of over 600 enterprises. Additionally, Critical Path will
locate a portion of its East Coast data center presence in Exodus' New York Internet
Data Center (IDC) facility.
"Exodus has built a reputation on providing reliable and scalable Web-based services
for its customers," said Doug Hickey, president and CEO of Critical Path. "Critical Path
will leverage Exodus' IDC and network infrastructure to enhance our ability to deliver
secure and reliable messaging services and Exodus will provide customers with ritical
Path's robust, patent-pending Internet messaging solutions."
"As the preferred partner of a mounting number of global enterprises with
mission-critical Internet operations, our ability to meet and exceed our customers'
expectations is tantamount," said Ellen M. Hancock, president and CEO of Exodus.
"Critical Path's ability to deliver fully scalable, carrier-class hosted messaging services to
our customers was pivotal to our decision to team with them."
About Critical Path, Inc.
Critical Path, Inc. (Nasdaq:CPTH) is a leading provider of business-to-business Internet
messaging solutions for corporations, Internet service providers (ISPs), Web hosting
companies, and Web portals. Critical Path has built in industry-leading global
infrastructure with data centers connected to key Internet exchange points, and currently
reaches millions of end-users through its customer relationships. Critical Path provides
reliable, secure, and scalable email, and a flexible suite of enhanced messaging services
to partners such as E*TRADE, CompuServe, Network Solutions, U S West, Sprint,
and ICQ. Critical Path is headquartered in San Francisco, California, with offices in
locations nationwide and in Germany and the UK. More information on Critical Path
can be found at www.cp.net.
Critical Path is a service mark and the Critical Path logo is a trademark of Critical Path,
Inc. Exodus Communications, Exodus and Arca Systems are trademarks for Exodus
Communications, Inc., and may be registered in certain jurisdictions. All other
trademarks are the property of their respective holders.
The statements in this press release relating to matters that are not historical are
forward-looking statements. Actual results could differ materially from these
forward-looking statements. Risks and uncertainties facing Critical Path are described in
its prospectus dated June 1, 1999 and with its periodic filings with the Securities and
Exchange Commission (www.sec.gov).
CONTACT: Critical Path, Inc.
Stefanie Elkins, 415/344-5503
selkins@cp.net
08:09 EDT AUGUST 2, 1999
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