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


To: MulhollandDrive who wrote (1398)10/12/1999 10:33:00 AM
From: William F. Wager, Jr.  Respond to of 3664
 
Exodus Communications Reiterated `Buy' at Legg Mason
10/12/99 6:02:00 AM
Source: Bloomberg News

Princeton, New Jersey, Oct. 12 (Bloomberg Data) -- Exodus
Communications Inc. (EXDS US) was reiterated ``buy' by analyst
Todd C. Weller at Legg Mason Wood Walker Inc. The 12-month target
price is $126.00 per share.
************************************************************

Here's the first "reiterate."

--Bill



To: MulhollandDrive who wrote (1398)10/13/1999 12:49:00 PM
From: William F. Wager, Jr.  Read Replies (1) | Respond to of 3664
 
More evidence of Barron's bias against Exodus...

Each Monday evening they post a column they call "Monday
Movers" which highlights how the stocks they mentioned in
the weekly edition performed. Although Exodus ended +7/8,
they claimed it finished -7/8. Obviously they wanted it to
tank. Here's the excerpt:

Elsewhere, Exodus Communications isn't just riding the information
superhighway; it's leasing space on it, according to the Barron's
feature "Parting the Waters." After the Web host for big-name
Internet players like Yahoo, Lycos and eBay issued stock a year and
a half ago, investors bid the shares up more than 1,000% to a
recent $70.

But even with strong market support, Exodus faces competition from
other potential high-tech landlords, the story said. Last week Intel
announced plans for a $1-billion Web hosting venture, and AT&T,
MCI WorldCom and GTE -- who boast superior name recognition
and resources -- may throw their hats in the ring as well.

Exodus declined 7/8 to 70 7/8 Monday.

--Bill