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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (43457)	12/14/2000 9:07:41 AM
From: If only I'd held	Read Replies (2) \| Respond to of 57584

Message 15019130 How you been?

To: Rande Is who wrote (43457)	12/14/2000 9:57:06 AM
From: Fudd	Read Replies (1) \| Respond to of 57584

Rande, Sprint has come out and said, It plans to aquire a web hosting co.. My question is 2 to 3 months down the road before the announcement of the acquisition or when the acquisition would be completed? And also could you tell me what you thought of his comment in the last paragraph. Thanks Fudd Sprint to Build 18 Data Centers by 2002 By Jessica Hall NEW YORK (Reuters) - Sprint Corp. said on Wednesday it will build 18 data centers by 2002, and may buy others, as part of its effort to bolster its data and Internet operations and expand into the lucrative business of running corporate Web sites. Sprint (NYSE:FON - news), the No. 3 U.S. long-distance telephone company, said it will complete 11 data centers by the end of 2001, and seven more by 2002, including centers in Europe and Asia. By the end of 2003, it aims to be in a total of 35 cities in 19 countries. The data centers would allow Sprint to run and manage Web sites, store customers' computer servers, provide security services for sites, and provide specialized software products through various partners. These products would build on the data transmission services Sprint already provides. Sprint has been trying to expand its presence in the fast-growing data and Internet market to offset slow growth and falling prices in its core telephone operations. In addition to building centers on its own, Sprint said it may buy Web hosting companies or data center assets that could accelerate its push into the fast-growing Web hosting market. ``I think there are a lot of assets out in the marketplace that we are evaluating that could be a better acquisition for us, as opposed to just organic growth alone,'' Len Lauer, president of Sprint's Global Business Market Group, said in a recent interview at the company's headquarters. Sprint said it would look at acquisitions that give it new technology, methods or procedures, as well as trained staff. It will also consider whether deals would ``get us in a market quicker, or get in a market we weren't planning to right now, but because of a lower acquisition price we could justify that better than building on our own,'' Lauer said. Sprint acknowledged it entered the Web hosting market late. Companies such as Qwest Communications International Inc. (NYSE:Q - news), PSINet Inc. (NasdaqNM:PSIX - news), Exodus Communications Inc. (NasdaqNM:EXDS - news) and Digex Inc. (NasdaqNM:DIGX - news) already provide these services. In Europe, companies like KPNQwest N.V. (NasdaqNM:KQIP - news) and WorldCom Inc. (NasdaqNM:WCOM - news) also have a lead on Sprint in the data market. But the recent sell-off in technology stocks and the tightening of capital markets has put some small Web hosting companies on shaky financial ground. That fallout slowed the growth of some rivals and gave Sprint a chance to catch up, Lauer said. ``Customer are very worried about putting their servers and applications into companies whose market values have fallen 95 percent in the past few months...a lot of customers are coming back to vertically integrated providers like Sprint and say we know you're going to be there for the long haul,'' Lauer said. He declined to comment on the timing of any potential deals. ``I don't think there's any urgency to do something in the next 30 days,'' he said. ``For the next three to six months, a low of the (stock) prices are going to stay low.''