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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Adelle who wrote (35853)	4/22/1999 1:44:00 PM
From: Teri Garner	Respond to of 120523

5th upgrade on EXDS: Robbie Stephen's $190 target - BANCBOSTON ROBERTSON STEPHENS REITERATES BUY RATING, RAISES ESTIATES on EXDS SAN FRANCISCO, April 22 /PRNewswire/ -- The following is being issued by BancBoston Robertson Stephens, a member of the National Association of Securities Dealers, CRD number 41271: BancBoston Robertson Stephens senior electronic commerce services analyst Rick Juarez today reiterated his Buy rating and raised estimates on Exodus Communications Inc. (Nasdaq: EXDS). "We are reiterating our Buy recommendation on Exodus, as we believe the company has established a compelling business model that is gaining momentum. We believe shares will trade in-line with similar category leaders and have established a 12-month price target of $190 based on 25x times 2000 revenues," said Juarez. "In addition, we are raising our 1999 revenue estimate by 15 percent to $165 million and 2000 by 17 percent to $310. "Exodus scored a home run during first quarter 1999 with its Virtual Bricks(TM), delivering first quarter revenues of $30.1 million, which beat our projection of $26.1 million by 15 percent," said Juarez. "Virtual Bricks(TM) is a term we coined to describe Internet and e-commerce infrastructure services that are used to support the growth in business-to-business transaction activity." Investors and members of the media can call Francisca Gonzalez at 415-248-4699 to request a copy of Juarez's April 2, 1999, Virtual Bricks(TM) report. The report discusses both the sector and Exodus. Clients interested in receiving more information should contact their salesperson at 415-781-9700. BancBoston Robertson Stephens is a leading international investment banking firm focused on growth companies. The firm's 55 equity and high yield research analysts cover more than 600 companies. Additional information is available upon request.