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.

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

To: Paul Ma who wrote (2892)	12/20/2000 9:56:07 AM
From: Mike 2.0	Read Replies (1) \| Respond to of 3664

"Prediction? PAIN."--Mr T in "Rocky 3"

To: Paul Ma who wrote (2892)	12/22/2000 1:41:05 PM
From: Dave Gore	Respond to of 3664

Feeling a little nervous then read this - Many "STRONG BUYS" this month. All these firms re-iterated "Strong Buys" this month: CSFB (CS First Boston), Legg Mason, Robbie Stephens, and Piper Jaffrey Now.......READ THE BELOW: MINNEAPOLIS--(BUSINESS WIRE)--Dec. 12, 2000-- - LVLT and EXDS Started with Strong Buy Ratings - U.S. Bancorp Piper Jaffray Vice President and Senior Communication Services Analyst Cary Robinson today initiated coverage of Level 3 Communications, Inc., (NASDAQ: LVLT - 39 3/4, (a)) and Exodus Communications (NASDAQ: EXDS - 34 1/4, (a)) with Strong Buy ratings and a 12-month price targets of $60, based on a multiple of 12.4 times estimated 2001 revenues and $50, based on a multiple of 12.4 times estimated 2001 revenues, respectively. Level 3 Communications is a global network services company providing inter- and intra-city data bit transport, collocation services, softswitch services and IP services. Exodus is a leading provider of complex web-hosting services for mission critical Internet operations. In his report, Robinson believes there are four major industry risks, which created uncertainty within the Communication Services sector: 1. A change in the regulatory environment - deregulation 2. A change in the competitive environment 3. A change in financial characteristics of the companies within the industry 4. A change in the technology used by the industry Robinson asserts that all four have occurred in the last four years. He believes that as the outcome of these industry changes becomes clear, the share price performance of the sector will improve significantly. "We are initiating coverage of Level 3 Communications and Exodus Communications with Strong Buy ratings," said Robinson. "In our view, shares of Level 3 are extremely oversold due to fundamental concerns regarding the profitability of the Communication Services sector. We believe this concern is temporary and will dissipate as the equity market discards near-term macro-economic issues of the presidential election, the Federal Reserve tightening and high oil prices and refocuses on growth industry segments with strong underlying fundamentals." With regard to Exodus, Forrester Research estimates that the complex web-hosting market will grow from an expected $3.5 billion in 2000 to $14.7 billion in 2003. "We believe that Exodus' early entrance and significant market share in this space position it well to take advantage of a rapidly growing market," said Robinson.