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Technology Stocks : Exodus Communications, Inc. (EXDS) -- Ignore unavailable to you. Want to Upgrade?

To: PoetTrader who wrote (603)	6/14/1999 10:45:00 AM
From: William F. Wager, Jr.	Respond to of 3664

<<why is EXDS taking a free fall this am>>all the nets are being hit.b

To: PoetTrader who wrote (603)	6/14/1999 10:55:00 AM
From: William F. Wager, Jr.	Read Replies (1) \| Respond to of 3664

BANCBOSTON ROBERTSON STEPHENS REITERATES BUY RATING ON EXDS PR Wire June 14, 1999, 7:11 a.m. PT SAN FRANCISCO, June 14 /PRNewswire/ -- The following is being issued by BancBoston Robertson Stephens, a member of the National Association of Securities Dealers, CRD number 41271: BancBoston Robertson Stephens senior eCommerce Services analyst Rick Juarez today reiterated his Buy rating on Exodus Communications Inc. (Nasdaq: EXDS). Exodus, headquartered in Santa Clara, Calif., is a leading business-centric provider of Internet systems and network management solutions. "We are reiterating our Buy recommendation on Exodus as we believe Exodus' revenue growth and business plan remain firmly on track. In addition, we expect continued improvement on gross margins due to increasing operational efficiencies and believe that the company is on track for positive EBITDA in the first half of 2000. As business gains momentum, we continue to believe Exodus' shares remain undervalued relative to other category leaders," said Juarez. "We are maintaining our 1999 and 2000 revenue and earnings per share estimates on the stock but believe there will be upside as additional centers come online," said Juarez. "Upside in our estimates should be driven by new customer contract wins in leading growth areas, including email outsourcing, e-commerce, MRO catalogs and unified messaging segments." Clients interested in receiving more information should contact their salesperson at 415-781-9700. BancBoston Robertson Stephens is a leading international investment banking firm focused on growth companies. The firm's 55 equity and high yield research analysts cover more than 600 companies. Additional information is available upon request. The information contained herein is not a complete analysis of every material fact respecting any company, industry or security. Although opinions and estimates expressed herein reflect the current judgment of BancBoston Robertson Stephens, the information upon which such opinions and estimates are based is not necessarily updated on a regular basis; when it is, the date of the change in estimate will be noted. In addition, opinions and estimates are subject to change without notice. This Report contains forward-looking statements, which involve risks and uncertainties. Actual results may differ significantly from the results described in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, those discussed in "Investment Risks." BancBoston Robertson Stephens from time to time performs corporate finance or other services for some companies described herein and may occasionally possess material, nonpublic information regarding such companies. This information is not used in the preparation of the opinions and estimates herein. While the information contained in this Report and the opinions contained herein are based on sources believed to be reliable, BancBoston Robertson Stephens has not independently verified the facts, assumptions and estimates contained in this Report. Accordingly, no representation or warranty, expressed or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information and opinions contained in this Report. BancBoston Robertson Stephens, its managing directors, its affiliates, and/or its employees may have an interest in the securities of the issue(s) described and may make purchases or sales while this report is in circulation. BancBoston Robertson Stephens International Ltd. is regulated by the Securities and Futures Authority in the United Kingdom. This publication is not meant for private customers. The securities discussed herein are not FDIC insured, are not deposits or other obligations or guarantees of BankBoston N.A., and are subject to investment risk, including possible loss of any principal amount invested. SOURCE BancBoston Robertson Stephens -0- 06/14/99