Exodus Communications, Inc. (EXDS) Message Board

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Technology Stocks : Exodus Communications, Inc. (EXDS)

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To: MulhollandDrive who wrote (1271)	9/22/1999 8:17:00 PM
From: William F. Wager, Jr.	Read Replies (3) of 3664

Exodus Commun Up 10% After Big Investors Tour Site By Rick Jurgens PHOENIX (Dow Jones)--Exodus Communications Inc. (EXDS) shares rose 9.6% Wednesday after the company received favorable mentions from an analyst and a magazine. The stock closed at 80, up 7, on Nasdaq volume of 3.3 million. Average daily volume is 4.3 million. Adjusted for splits, the stock has traded in a 52-week range from 3 7/8 to 89 3/4. "We don't comment on any fluctuations in our stock price," said a spokeswoman for the Santa Clara, Calif., operator of sites that host Internet hardware. The spokeswoman said the company had not issued any news releases but noted that a Legg Mason Wood Walker Inc. analyst had issued a positive note Wednesday, the day the firm organized a tour by 40 institutional investors tour of an Exodus site in New York City. Analyst Todd Weller said that the institutional investors came away with "a very, very positive" view of Exodus. In his note, Weller wrote that "the company is likely to beat our (third quarter) revenue estimate of $63 million and post a lower loss per share than our 29 cents estimate." The tour occurred the same day the October issue of SmartMoney magazine was released with an article that spoke optimistically of Exodus' potential to generate new revenue by offering services to Web site operators. Analyst James Linnehan of Thomas Weisel Partners viewed Wednesday's gain as opportunity buying by investors anxious to "get in on a dip" in Exodus' share price. The stock had been under pressure because of concerns that Exodus may face competition from larger companies, but when the price reached the mid-70's, investors with short positions - those who had sold borrowed shares - moved to cover their positions, he said. -By Rick Jurgens; 602-258-2003 Hiya bp!!

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