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

To: DOUG H who wrote (1125)	8/30/1999 12:51:00 PM
From: MangoBoy	Read Replies (1) \| Respond to of 3664

[BancBoston Robertson Stephens Reiterates Buy Rating on EXDS] SAN FRANCISCO, Aug. 30 /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 analyst Rick Juarez today reiterated his Buy rating on Exodus Communications Inc. The company, headquartered in Santa Clara, Calif., is a leading business centric provider of Internet systems and network management solutions for companies seeking to outsource the hosting of their mission critical Internet operations. "We are reiterating our Buy rating on Exodus, as the demand for outsourced business to business access, hosting and application services is expected to grow to $36 billion by fiscal year 2001," said Juarez. "We are updating our 1999 and 2000 earnings per share estimates to reflect a two for one stock split effective August 12. We increase our 1999 estimates from ($2.19) to ($1.09) and our 2000 estimates from ($0.94) to ($0.47). In addition, we are updating our twelve-month price target to $138 based on 25 times fiscal year 2000 revenues," said Juarez. "Exodus' cohesive acquisition and alliance with Critical Path moves the company further into the critically important managed services and messaging markets. We believe these markets will fundamentally drive the growth of electronic commerce," said Juarez.