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


To: BWAC who wrote (3231)6/21/2001 9:33:10 PM
From: 10K a day  Read Replies (1) | Respond to of 3664
 
Give me one reason why they will survive?



To: BWAC who wrote (3231)6/22/2001 6:12:49 PM
From: Vector1  Respond to of 3664
 
Yes, but you have to create enough cash flow to repay the debt. One of the main reasons they are repaying the bank debt is because the covenant defaults would have accelerated the bonds. These guys are in huge trouble. The big question is whether they will be able to secure new customers and maintain their base with what now appears like a highly leveraged capital structure.