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

To: JakeStraw who wrote (3201)	6/21/2001 12:24:54 PM
From: Softechie	Read Replies (1) \| Respond to of 3664

This is the time to buy and ride the bounce.

To: JakeStraw who wrote (3201)	6/21/2001 1:13:37 PM
From: Dan Hamilton	Read Replies (1) \| Respond to of 3664

Well, I nibbled on a little at $1.34... NEW YORK, June 21 (Reuters) - UBS Warburg on Thursday said it cut its price targets for Web hosting companies Exodus Communications Inc. <EXDS.O> and Digex Inc. <DIGX.O>. Analyst John Hodulik sharply cut his target for Exodus to $3 from $15. On Wednesday, the company lowered second-quarter sales and earnings forecasts and warned of more job cuts. Shares of Santa Clara, California-based Exodus plunged $1.03, or 46 percent, to $1.22 Thursday on Nasdaq, a new 52-week low. The stock's previous low was $1.95, and is 98 percent off the year-high of $69. Hodulik said in a research note he based the reduction on "increased funding risk to the company, continued softness in the hosting market and issues of management credibility." Hodulik also reduced his price target for Beltsville, Maryland-based Digex to $15 from $22, citing deterioration in the Web hosting sector. Digex's shares slumped $1.13, or 10 percent, to $10.35 on Nasdaq, off the 52-week high of $94.73. ((--Jackie Sindrich, New York Newsdesk, 646-223-6000--)) REUTERS