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

To: John Carragher who wrote (2295)	7/3/2000 8:30:13 AM
From: John Carragher	Read Replies (1) \| Respond to of 3664

bull mrkt report With Wall Street Journal featuring a report on the fall of some mighty dotcoms like Amazon (AMZN), Yahoo (YHOO), and Scient (SCNT), there is bound to be speculation that web hosting companies are poised as the next victims of the shakeout. However, we stand by our thesis that eSourcing is not going away and that Exodus (EXDS) is in good position to benefit. As we wrote in our last report on the company, the next real moment of interest for Exodus is July 20, when it will release this quarter's earnings. We should be able to get a hint of the results soon after the Fourth of July holiday by watching the stock price action as the numbers begin to leak out of the company. Strong points for Exodus include a 50/50 mix of dot.com and not.com business, and its revenues per customer, which continue to climb. Security is a huge issue on the Net, and Exodus has the traps in place to protect its customers' assets. It also has a fully funded buildout plan, with expectations of a free cash flow position sometime in early 2002. Finally, as the competition in the space increases (AT&T (T), IBM (IBM) and Qwest (Q) for starters), we would bet on Exodus to out-execute its rivals to maintain and grow share.