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

To: The Ox who wrote (3099)	2/22/2001 8:02:53 PM
From: The Ox	Respond to of 3664

Never mind, I found the press release: xodus Communications,® Inc. (NASDAQ: EXDS) announced today that it has completed its acquisition of GlobalCenter® Inc., a wholly owned, indirect subsidiary of Global Crossing Ltd. (NYSE: GX), for approximately 108 million shares of Exodus® common stock. The stockholders of Exodus voted overwhelmingly in favor of the issuance of the shares in the merger. Approximately 98% of the shares voted were in favor of the proposal. Exodus expects the transaction to be accretive to Exodus' EBITDA in 2001. The transaction will be accounted for as a purchase.