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Technology Stocks : Exodus Communications, Inc. (EXDS)

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To: JakeStraw who wrote (2933)12/31/2000 2:25:57 PM
From: Dave Gore  Read Replies (3) of 3664
 
Jake, EXDS is far and away the leader in a market that will grow 400% or more in the next 2-3 years, according to Forrester Research. That's for starters.

They also have a 1-2 year head start on the competition with excellent management that Wall Street likes very much. Being good and first is extremely important.

I listened to their entire presentation at the Robbie Stephens Tech Conference last month and it was very well received. They have outstanding analyst backing as well.
Stocks that have many "Strong Buys" get my attention (although I ignore their price targets because they do not give timeframes and they are impossible to predict).

Normally I buy stocks these days on reasonable PE and PEG, but EXDS is in a very good position in perhaps the hottest growth area there is...corporate web hosting. I believe that warrants a bullish position. You may feel differently and that is fine as long as you or others are not posting misinformation or scare tactics so you can get people to sell for the express reason of being able to buy the stock cheaper.

I am not suggesting you are doing that, but others do, all the time. They really like the stock but act like they don't so as to hopefully convince many to sell so they can buy it cheaper. Many people recognize that there are shorts in any stock, but they fail to recognize all those who simply cast aspersions on a stock so they can buy it cheaper.

Good luck, all. Do your own DD and see what you think.
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