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Technology Stocks : METROMEDIA FIBER NETWORK (MFNX)

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To: straight life who wrote (616)10/8/1999 2:06:00 PM
From: Neil H  Read Replies (1) of 1983
 
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delayed 20 mins - disclaimer


Friday October 8, 8:01 am Eastern Time
Company Press Release
SOURCE: eBay, Inc.
eBay Selects AboveNet and Exodus for Technology Outsourcing
SAN JOSE, Calif., Oct. 8 /PRNewswire/ -- eBay© (Nasdaq: EBAY - news; www.ebay.com), the world's leading person-to-person online trading community, today announced that it is outsourcing its backend Internet technology to AboveNet Communications and Exodus Communications (Nasdaq: EXDS - news), as the company moves to create a utility-like service for its 5.6 million customers worldwide. By expanding its current relationship with Exodus and bringing AboveNet on board, eBay is outsourcing Web servers, database servers and Internet routers as well as relying on the companies to provide increased network bandwidth for its millions of active buyers and sellers.

(Photo: newscom.com newscom.com )
``Millions of people rely on eBay to do business and pursue their collecting passions, and having our technology hosted at Exodus and AboveNet will help us manage network capacity and provide a more robust Web backbone,' said Bob Quinn, eBay's Chief Information Officer. ``These companies are market leaders in hosting large volume Web sites and we foresee working closely with them as eBay expands into new geographies and introduces new user services.'

``We are proud to expand our strong relationship with eBay,' said Ellen M. Hancock, president and CEO at Exodus. ``Outsourcing Web site operations to Exodus enables companies like eBay to focus on their core business and provide great customer service. We intend to work together to provide eBay's customers with the performance and reliability they expect from a world-class e-commerce company.'

``Adding eBay, one of the most innovative and exciting e-commerce companies on the Internet, to our list of clients is a positive endorsement of our world-class facilities and network, and a strong validation of our business strategy,' said Sherman Tuan, AboveNet co-founder and chairman. ``AboveNet's state-of-the-art network and services help companies like eBay build strong relationships with their customers by providing their end-users with round-the-clock Web access even during peak traffic periods. We are committed to giving eBay's valued customers a truly exceptional Internet experience.'
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