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Technology Stocks : Exodus Communications, Inc. (EXDS)
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To: JakeStraw who wrote (3105)3/11/2001 6:53:39 PM
From: Larry S.  Read Replies (1) of 3664
 
Jubak very positive on EXDS:

"Exodus Communications, Inc. EXDS
1/26/01 I want to own the stock of any company that can raise prices in an economy like this one. And that’s exactly what Exodus Communications (EXDS) did on Jan. 24 when it announced a 10% price hike effective March 1. The company also hiked its revenue projections for 2001 to a range of $2 billion to $2.3 billion from the previous estimate of $1.9 billion. The stock showed some post-report weakness on a large projected drop in gross margins to 29%-32% from 36%-39%. The company also increased its estimate of the losses for the first quarter. But I don’t think the
drop in margins is a problem -- in its conference call the company explained the lower estimate reflected the historical margins in the recently acquired Global Center business. And the warning, which led to a round of analyst downgrades, took more risk out of the stock. As I wrote in "3 bloodied but unbowed tech buys," I’m using this sell-off to add the stock to Jubak’s Picks with a December 2001 target price of $41 a share. (Full disclosure: I own shares of Exodus Communications."
full story, And other stocks: moneycentral.msn.com
Jubak's reasoning strengthens my own beliefs. I know its hard to give large valuations to stocks that are not earning money, but EXDS has a business plan that should continue a increasing revenue stream and providing a much needed product. some may argue that exds is a pos and should be trading single digits. and it well may. but i think 40 or more later this year or next is actually an obtainable goal. jmho. larry
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