Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Good-The Bad and The Ugly -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (4611)	12/12/2000 12:01:33 PM
From: Tim Luke	Respond to of 8686

DJ Exodus, Hitachi, Softbank In Data Center JV - Nikkei TOKYO (Nikkei)--In a move to expand its data center business in Japan, U.S. firm Exodus Communications Inc. (EXDS) plans to team up with Hitachi Ltd. (HIT or 6501) and Softbank Corp. (J.SFT or 9984), The Nihon Keizai Shimbun learned Tuesday and reported in The Nihon Keizai Shimbun's Wednesday morning edition. The three companies aim to begin operations as early as April 2001 through a Japanese venture launched by the GlobalCenter Inc. group, a major U.S. player in data center operations, and Internet Research Institute Inc. (J.IRS or 4741), known as IRI. Exodus has already agreed to purchase GlobalCenter for $6.5 billion. Under the new framework, the Exodus group will likely hold a stake of at least 51% in the venture, while Hitachi, Softbank and IRI are expected to take the rest. The partners believe that the spread of e-commerce is boosting demand for data centers, and see the market doubling to slightly more than Y100 billion in 2001. They are expected to spend about Y1 billion to Y2 billion to expand the venture's 3,000 square-meter data center by 200% as early as next year. Exodus launched a wholly owned Japanese subsidiary in December 1999. Softbank aims to make use of data center operations as infrastructure for its business-to-business e-commerce operations, while Hitachi plans to supply high-capacity storage equipment to the center. (END) DOW JONES NEWS 12-12-00 11:50 AM