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

To: MulhollandDrive who wrote (1271)	9/22/1999 8:17:00 PM
From: William F. Wager, Jr.	Read Replies (3) \| Respond to of 3664

Exodus Commun Up 10% After Big Investors Tour Site By Rick Jurgens PHOENIX (Dow Jones)--Exodus Communications Inc. (EXDS) shares rose 9.6% Wednesday after the company received favorable mentions from an analyst and a magazine. The stock closed at 80, up 7, on Nasdaq volume of 3.3 million. Average daily volume is 4.3 million. Adjusted for splits, the stock has traded in a 52-week range from 3 7/8 to 89 3/4. "We don't comment on any fluctuations in our stock price," said a spokeswoman for the Santa Clara, Calif., operator of sites that host Internet hardware. The spokeswoman said the company had not issued any news releases but noted that a Legg Mason Wood Walker Inc. analyst had issued a positive note Wednesday, the day the firm organized a tour by 40 institutional investors tour of an Exodus site in New York City. Analyst Todd Weller said that the institutional investors came away with "a very, very positive" view of Exodus. In his note, Weller wrote that "the company is likely to beat our (third quarter) revenue estimate of $63 million and post a lower loss per share than our 29 cents estimate." The tour occurred the same day the October issue of SmartMoney magazine was released with an article that spoke optimistically of Exodus' potential to generate new revenue by offering services to Web site operators. Analyst James Linnehan of Thomas Weisel Partners viewed Wednesday's gain as opportunity buying by investors anxious to "get in on a dip" in Exodus' share price. The stock had been under pressure because of concerns that Exodus may face competition from larger companies, but when the price reached the mid-70's, investors with short positions - those who had sold borrowed shares - moved to cover their positions, he said. -By Rick Jurgens; 602-258-2003 Hiya bp!!

To: MulhollandDrive who wrote (1271)	9/22/1999 8:40:00 PM
From: William F. Wager, Jr.	Respond to of 3664

Merrill Lynch & Co. Introduces Internet Stock Basket Security Bloomberg News September 22, 1999, 4:22 p.m. PT Merrill Lynch & Co. Introduces Internet Stock Basket Security New York, Sept. 22 (Bloomberg) -- Merrill Lynch & Co., the biggest U.S. brokerage, introduced a security that allows investors to own a basket of 20 Internet stocks. The firm today sold 3.77 million of the shares, known as Internet Holdrs, for more than $400 million through its broker network. ``The Holdrs investment platform is designed to provide investors with a flexible, cost-effective way to diversify their investment in a particular industry through a single, exchange- listed security,' said Steve Bodurtha, director of Merrill Lynch's customized investments group. The most heavily weighted company in the new security is American Online Inc., the No. Internet service provider, which comprises about 20 percent. At Home Corp., Yahoo Inc. and ETrade Group Inc. together account for about 40 percent. The security represents ownership of all the underlying shares. Merrill will allow investors to trade Holdrs shares for the underlying stocks, enabling investors to sell all or part of their holdings. The security will start trading tomorrow on the American Stock Exchange under the ticker ``HHH.' Other stocks that make up the underlying shares are: Amazon.com Inc., eBay Inc., Priceline.Com Inc., CMGI Inc., Inktomi Corp., RealNetworks Inc., Exodus Communications Inc.*, DoubleClick Inc., Ameritrade Holding Corp., Lycos Inc., Cnet Inc., PSINet Inc., Network Associates Inc., EarthLink Network Inc., MindSpring Enterprises Inc. and Go2Net Inc.