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To: Mark Fowler who wrote (126655)	6/14/2001 10:19:40 PM
From: craig crawford	Read Replies (3) \| Respond to of 164684

fowler what am i gonna do with you man! exds is loaded down with debt! you gotta quit holding these companies with lots of debt and declining fundies. it's a recipe for disaster. at least your biotechs have cash!

To: Mark Fowler who wrote (126655)	6/15/2001 2:38:08 PM
From: H James Morris	Read Replies (3) \| Respond to of 164684

EXDS might not be going out of business but they're facing a long-term liquidity risk. >Exodus Communications (EXDS: news, msgs, alerts) slumped more than 14 percent in afternoon action. Merrill Lynch said Friday it expects the stock to see continued weakness until visibility improves. The firm, which has previously stated that it believes Exodus will have a tough time meeting its revenue target of $360 million for the second quarter, said the shares are being hit by a combination of factors including a weak overall market, concerns on the second quarter, and long-term liquidity risk. Merrill also sees a lack of near-term catalysts as a problem for the stock. Despite these concerns, Merrill was critical of the extent of the recent sell-off in the shares, which are down almost 50 percent since their June 5 close of $8.10. "However, the stock's current levels don't reflect the company's continued high cash level and ability to reduce cash needs substantially," the firm said.