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Technology Stocks : eBay - Superb Internet Business Model -- Ignore unavailable to you. Want to Upgrade?


To: KeepItSimple who wrote (5783)10/8/1999 9:06:00 AM
From: The Antique  Respond to of 7772
 
eBay Selects AboveNet and Exodus for Technology Outsourcing

SAN JOSE, Calif., Oct. 8 /PRNewswire/ -- eBay(R) (Nasdaq: EBAY) (www.ebay.com), the world's leading
person-to-person online trading community, today announced that it is outsourcing its backend Internet
technology to AboveNet Communications and Exodus Communications (Nasdaq: EXDS), as the company
moves to create a utility-like service for its 5.6 million customers worldwide. By expanding its current
relationship with Exodus and bringing AboveNet on board, eBay is outsourcing Web servers, database
servers and Internet routers as well as relying on the companies to provide increased network bandwidth for
its millions of active buyers and sellers. (Photo: newscom.com
newscom.com )

"Millions of people rely on eBay to do business and pursue their collecting passions, and having our
technology hosted at Exodus and AboveNet will help us manage network capacity and provide a more robust
Web backbone," said Bob Quinn, eBay's Chief Information Officer. "These companies are market leaders in
hosting large volume Web sites and we foresee working closely with them as eBay expands into new
geographies and introduces new user services."

"We are proud to expand our strong relationship with eBay," said Ellen M. Hancock, president and CEO at
Exodus. "Outsourcing Web site operations to Exodus enables companies like eBay to focus on their core
business and provide great customer service. We intend to work together to provide eBay's customers with
the performance and reliability they expect from a world-class e-commerce company."

"Adding eBay, one of the most innovative and exciting e-commerce companies on the Internet, to our list of
clients is a positive endorsement of our world-class facilities and network, and a strong validation of our
business strategy," said Sherman Tuan, AboveNet co-founder and chairman. "AboveNet's state-of-the-art
network and services help companies like eBay build strong relationships with their customers by providing
their end-users with round-the-clock Web access even during peak traffic periods. We are committed to
giving eBay's valued customers a truly exceptional Internet experience." About AboveNet and Metromedia
Fiber Network

Metromedia Fiber Network Inc. (Nasdaq: MFNX) recently acquired AboveNet Communications, the architect
of the global one-hop network and a leading provider of Internet connectivity and co-location solutions for
high-bandwidth and business critical applications. The combined company will facilitate the explosive growth
of e-commerce and advanced Internet applications by delivering secure, reliable and scaleable optical
networks to Internet content and service providers, carriers and enterprise users, worldwide. For more
information on AboveNet and its service offering call 800-475-2733 or visit the company's Web site at
www.above.net. For more information about Metromedia Fiber Network, please visit the company's Web site
at www.mmfn.com. About Exodus Communications

Exodus Communications is a leading provider of Internet system, network management solutions and
technology professional services for enterprises with mission-critical Internet operations. Exodus manages
Internet Web sites and its network infrastructure from 15 Internet Data Centers (IDCs) located in the United
States and Europe. Exodus currently has IDCs located in the Boston, Chicago, London, Los Angeles (2), New
York (2), Seattle (2), Silicon Valley (4) and Washington, D.C. (2) metropolitan areas. Exodus has announced
the planned addition of four additional IDCs and three international server hosting sites by the end of 1999,
bringing the total number of Exodus sites to 22 worldwide. More information on Exodus can be found at
www.exodus.net. About eBay

eBay (www.ebay.com), the world's personal trading community(TM), pioneered person-to-person online
trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is
available 24 hours a day, seven days a week. eBay has more than 5.6 million registered users. Currently, there
are more than 2.8 million items listed for sale. More than 300,000 items are added daily in more than 2,000
categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls
and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

NOTE: Exodus Communications and Exodus are trademarks for Exodus Communications, Inc., and may be
registered in certain jurisdictions. All other trademarks mentioned in this document are the property of their
respective owners.

/CONTACT: Holly McDermott, 415-364-3815, or hmcdermott@mslpr.com, or Kelly Ranger, 415-364-3825, or
kranger@mslpr.com, both of Manning, Selvage & Lee, for eBay, Inc.; or Russell Brady, 408-558-6036, or
rbrady@ebay.com, or Jennifer Chu, 408-558-7432, or jchu@ebay.com, both of eBay Inc./



To: KeepItSimple who wrote (5783)10/8/1999 9:08:00 AM
From: The Antique  Respond to of 7772
 
3,026,749 items for sale in 2,076 categories now!