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Strategies & Market Trends : Sharck Soup
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To: Sharck who started this subject7/8/2001 10:45:02 PM
From: besttrader  Read Replies (1) of 37746
 
Barrons says "vultures" waiting for EXDS bankruptcy -->

A Barron's article speculates on the future of Web-hosting firm Exodus
Communications (EXDS: news, msgs, alerts) , citing insider sales totaling about
$6.7 million by CEO Ellen Hancock and the company's earnings warning on
June 20. Potential suitors could wait for Exodus to run out of money and then
snap up a bankrupt firm for pennies on the dollar, suggests Barron's. Shares
closed Friday at $1.75, down from a 52-week high of $69.
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