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

To: ratan lal who wrote (547)	5/25/1999 11:38:00 AM
From: William F. Wager, Jr.	Respond to of 3664

Ratan--just a clarification~those 5 insiders, as required by law, filed a Form 144 which merely indicates an intent to sell. They may not even sell those shares but they must file if they think they might. --Bill

To: ratan lal who wrote (547)	5/25/1999 3:19:00 PM
From: investsformoney	Respond to of 3664

Phew is right. However exds is on several radars and on several mutual funds list. It is a company touted as a prime acquisition target. I did not even blink my eyes because i was confident of my dd.

To: ratan lal who wrote (547)	6/2/1999 10:15:00 AM
From: William F. Wager, Jr.	Read Replies (2) \| Respond to of 3664

EXODUS EXODUS: Insiders have begun looking for the exits with their holdings of Exodus Communications Inc.'s shares. Insiders of the hot Internet company sold a total of 474,600 shares from April 26 to April 30, notes Craig Columbus, research director at Primark Corp., in Scottsdale, Ariz. The sales, in the open market, were at $87.28 to $98.47 a share, and took place just after the shares peaked at $103.8125 on May 22. On the Nasdaq Stock Market yesterday, Exodus closed at $76.625, up $1.625. Unlike consumer-oriented Internet stocks such as Amazon.com Inc., which have been weak recently, Exodus, based in Santa Clara, Calif., works in the business-to-business market, providing services such as running Internet sites for online retailers. "This was one of the last real pockets of strengths among the Internet stocks, and these levels of insider selling point toward an even broader weakness than just some of the consumer-related internet stocks," says Mr. Columbus. "I think that Exodus has a long-term home-run business model," he adds. "This stock was a darling of Internet traders for most of the spring. But it hasn't been immune to the broader Internet sell-off, and it's not surprising to see a fairly high level of insider profit-taking before that weakness set in." "Executives and board of directors members have a limited trading window, and the general practice is to trade as soon as they can when that window opens," said Maureen O'Connell, a spokeswoman for Exodus. She also noted that some of the recent insider selling was by directors who represent venture-capital firms backing Exodus; the shares owned by the ventures firms are held in the names of the directors, she said, and the firms operate under their own share-selling strategies. --Bill