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

To: wopr1 who wrote (2012)	3/7/2000 12:47:00 PM
From: wopr1	Respond to of 3664

NEWS- Positive Cash Flow Expected: quicken.com Exodus Commun CEO Sees Positive Cash Flow In 1Q Monday, March 6, 2000 10:30 AM By Peter Loftus NEW YORK (Dow Jones)--Exodus Communications Inc. (EXDS, news, msgs) President and ChiefExecutive Ellen Hancock said she is comfortable with analysts' estimates that the Web hosting company will post positive cash flow for the first time in the current first quarter. Speaking at the PaineWebber Internet Conference here Monday, Hancock said analysts expect Exodus to have positive earnings before interest, taxes, depreciation and amortization, or Ebitda, for the quarter ending March 31. "We certainly have not done anything to dispel that notion," she said, referring to the estimate. Exodus operates about 20 data centers that house the infrastructure other companies use to distribute content and services over the Internet. A majority of these centers are Ebitda-positive. Of these, all have achieved positive cash flow status within 15 months of opening, Hancock said. However, analysts expect the company to continue posting losses for at least another year. The First Call/Thomson Financial consensus estimate is a loss of 26 cents a share for the quarter and an 84-cent loss for 2000. Exodus has seen a shift in its customer mix since the company went public in 1998. At that time, 80% of its customers were Internet companies such as Yahoo! Inc. (YHOO, news, msgs). Today, theproportion of Internet companies among Exodus' customer base has narrowed to about 50%. The other half are corporate customers, as traditional companies have moved more of their operations online. Exodus is still a force among the biggest Web sites. Hancock said 40% of the 100 most visited web sites are Exodus customers. Some 30% of the 100 Web sites host their own sites in-house, while Exodus' competitors host the remaining 30%. Exodus wins 75% to 85% of the contracts it bids for, Hancock said. Exodus continues to build data centers. In December, the company raised $1 billion in funding for its expansion. Hancock said the company had initially planned to raise $500 million in such funding, but the amount was increased due to high demand from investors. -wopr