Barry, from that article about Barrett and Intel's diversifying the business:
Intel has plunged into what Barrett has called
the "Internet Economy" by making a number of acquisitions
and getting into such fields as Web hosting.
On Wall Street Week last night, the main guest was a fund manager for an "Internet Fund." Didn't get his name or the fund. His top recommendation/holding is Exodus Communications. This is their profile, from SI:
Exodus Communications is a provider of Internet
system and network management solutions. EXDS
offers server hosting, Internet connectivity,
collaborative systems management and Internet
technology services. For the 9 months ended
9/30/99, revenues rose from $31.6M to $140.2M.
Net loss applic. to Common increased 53% to
$71.9M. Results reflect an increase in the number of
new customers from the Internet Data Centers, offset
by higher interest expense.
So, Exodus is the best known "newish", at least that I've found, company in the web hosting business. They are moving like a bat out of hell. Here's their financials page from SI.
siliconinvestor.com
I don't know when they project a money making quarter. I would hope that Intel can make some headway in this market. Someday...
Here are the companies Hoover thinks are Exodus' top competitors:
Top Competitors
AboveNet Communications | Cable &
Wireless | MCI WorldCom
Intel has opened their first server farm/web hosting site in Santa Clara, and has been advertising quite a few jobs there. I have no idea how it's doing. Their next is going to be in the Asia Pacific somewhere, as I recall. If Intel can pull off this diversification thing, and continue to grow (hopefully accelerate) and gain a somewhat different image, who knows how the company and stock might be viewed. After all, Sun Micro, for example, was a pretty run of the mill tech stock, "just doubling" between early '96 and fall '98, when they finally took off. Sure, their earnings growth has also been good, but their image as THE Internet infrastructure company has been the main driver to their stock price.
Tony
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