Ken,
More coverage for EXDS. Not sure anything is going to help if the market heads down again. Probably about time to jump on the short band wagon again.
Joe
Thursday March 29, 7:31 am Eastern Time
Press Release
SOURCE: WR Hambrecht + Co
WR Hambrecht + Co Initiates Coverage of Exodus Communications
(EXDS) With A Neutral Rating
Industry Leader Primed for Long-Term Power Position in $7 Billion Market
SAN FRANCISCO, March 29 /PRNewswire/ -- WR Hambrecht + Co today initiated research coverage of Exodus Communications (Nasdaq: EXDS - news)
with a neutral rating. WR Hambrecht + Co's eServices analyst Greg Gore cited several near-term challenges for the web hosting bellwether. Nevertheless, Gore is
quite optimistic about the company's future. WR Hambrecht + Co offers all its research reports free and real-time at www.wrhambrecht.com.
``Exodus owns approximately 15 percent of a $7.0 billion U.S. market this year. The company has several virtues, such as strong brand equity, significant scale,
many captive clients, and a broad service offering, all of which put Exodus in a power position over the long-term as Internet infrastructure outsourcing proliferates
among corporations across the globe,'' Gore said.
Gore projects total revenues will reach $1.8 billion in 2001, and $2.9 billion in 2002, up from $818 million in 2000.
Exodus Communications, Inc. is a provider of complex Internet hosting for enterprises with mission-critical Internet operations.
About WR Hambrecht + Co
WR Hambrecht + Co (www.wrhambrecht.com) is a financial services firm committed to using the Internet and auction process to provide openness, fairness and
access for investors, as well as fair pricing for issuers. The firm's earliest and best-known innovations are OpenIPO, an auction-based model for initial public
offerings, and OpenBook, an auction for corporate debt offerings. WR Hambrecht + Co provides underwriting and advisory services for technology and emerging
growth companies, as well as equity research, sales and trading, electronic brokerage and private equity offerings for institutions and individuals. WR Hambrecht +
Co has offices in San Francisco, New York, Boston, Philadelphia and Seattle and is backed by industry leaders including: American Century, American Express,
Crimson Ventures, epartners, Fidelity Ventures, Novell, Park Avenue Equity Partners, LP, Scudder Technology Fund, Kemper Technology Fund and Texas
Pacific Group.
WR Hambrecht + Co. is a member of the National Association of Securities Dealers, CRD number 45040 |
