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Technology Stocks : Interliant, Inc. (INIT) -- Ignore unavailable to you. Want to Upgrade?


To: gedale fenster who wrote (382)7/22/1999 5:24:00 PM
From: Mr Metals  Read Replies (1) | Respond to of 1214
 
Quite period ends August 2nd.....



To: gedale fenster who wrote (382)7/22/1999 6:07:00 PM
From: Redhook  Read Replies (1) | Respond to of 1214
 
Go up we hope!!

INIT held its ground today. Had nasdaq been green today, I bet we would have easily hit 22. I hope everyone held on. I did.



To: gedale fenster who wrote (382)7/22/1999 10:28:00 PM
From: AlienTech  Respond to of 1214
 
Net standout There was at least one notable winner, though. Exodus Communications (EXDS: news, msgs) shares shot up 4 1/2, or 3.5 percent, to 132 5/8 after the company reported solid quarterly results and a 2-for-1 stock split.

Goldman Sachs raised its price target by 41 percent to $190 and its sales estimate by 26 percent to $214.5 million.

The Web hosting company posted $42.5 million in sales, a 322 percent increase from the same period a year ago. It also marked the 11th consecutive quarter of 40-plus-percent sequential growth.

Quarterly losses came in at 51 cents a share, down slightly from a 55-cent loss in the year-ago period. Both top- and bottom-line results exceeded expectations.

The good news was due to strong customer growth. Exodus said it added 327 new clients in the quarter, about three and a half per day. Additionally, Exodus plans to roll out five new data centers before the end of the year, analysts said.