Epoch Partners Issues Research Note on Exodus Communications

Research Note Discusses First Quarter Results



Apr 27, 2001, 01:00 ET from Epoch Partners, Inc.

    SAN FRANCISCO, April 27 /PRNewswire/ -- Epoch Partners today announced it
 has issued a Research Note on Exodus Communications (Nasdaq: EXDS). The Note
 is available for free to investors through the Epoch Web site (www.epoch.com).
     The Research Note, issued by Mark Langner , Senior Research Analyst for
 Broadband + IP Data Services, discusses the current investment thesis of
 Exodus Communications. Highlights from the report include the following:
 
     -- As expected, Exodus missed its revenue targets for the first quarter.
        It also reduced second-quarter and full-year   2001 revenue estimates.
     -- The company's revised guidance, while down significantly, is
        encouraging. EBITDA is to remain positive, the company remains fully
        financed, and a base for future sequential growth has been established.
     -- We believe the current environment will benefit the company, as Exodus
        is likely to extend its lead as the largest provider of co-location and
        hosting services. Shares of EXDS are likely to better reflect this over
        time.
 
     Broadband and IP Data Services Research Coverage Investors can visit
 Epoch's Web site for an in-depth analysis of the Broadband and IP Data
 Services industry and to read research coverage on the following public
 companies in this sector:  360networks, Akamai Technologies, Covad
 Communications, Digital Island, Equinix, Exodus Communications, InterNAP,
 Level 3 Communications, Loudcloud, and StorageNetworks.
     In addition, investors can be added to the Broadband Services email alert
 system, which alerts investors to new research in the Broadband Services
 sector. To be added to this alert system visit
 http://pluto.sparklist.com/scripts/lyris.pl?join=epochbroadbandservices .
 Epoch has also posted video interviews with George Conrades, CEO of Akamai
 Technologies, and Jay Adelson, CTO and co-founder of Equinix. Full research on
 these and other companies under coverage by Epoch is available for free to
 investors at www.epoch.com.
     Epoch Partners is a technology-enabled investment bank focused on
 high-growth companies and electronically connected institutional and
 individual investors.
 
     The information contained herein is based on sources believed to be
 reliable but is neither all inclusive nor guaranteed by Epoch Partners.
 Opinions, if any, reflect our judgment at this time and are subject to change.
 Epoch Partners does not undertake to advise of changes in its opinion or the
 information. Epoch Partners may perform or seek to perform investment banking
 services for the issuers of securities which are the subject of our Research.
 Most of the companies Epoch Partners follows are emerging growth companies
 whose securities typically involve a higher degree of risk and more volatility
 than the securities of more established companies. The securities discussed in
 the Epoch Partners Research may be unsuitable for investors depending on their
 specific investment objectives and financial situation and needs. No report
 included in the Epoch Partners Research is a recommendation that any
 particular investor should purchase or sell any particular security in any
 amount or at all and is not a solicitation of any offer to purchase or sell
 from or to any particular investor. For additional informationthat may be
 available on the securities mentioned, please contact Epoch Partners. This
 document has been published in the United States for Residents of the United
 States. Member NASD/SIPC.
 
     Epoch Partners is a member of the National Association of Securities
 Dealers, CRD number 103899.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X50804182
 
 

SOURCE Epoch Partners, Inc.
    SAN FRANCISCO, April 27 /PRNewswire/ -- Epoch Partners today announced it
 has issued a Research Note on Exodus Communications (Nasdaq: EXDS). The Note
 is available for free to investors through the Epoch Web site (www.epoch.com).
     The Research Note, issued by Mark Langner , Senior Research Analyst for
 Broadband + IP Data Services, discusses the current investment thesis of
 Exodus Communications. Highlights from the report include the following:
 
     -- As expected, Exodus missed its revenue targets for the first quarter.
        It also reduced second-quarter and full-year   2001 revenue estimates.
     -- The company's revised guidance, while down significantly, is
        encouraging. EBITDA is to remain positive, the company remains fully
        financed, and a base for future sequential growth has been established.
     -- We believe the current environment will benefit the company, as Exodus
        is likely to extend its lead as the largest provider of co-location and
        hosting services. Shares of EXDS are likely to better reflect this over
        time.
 
     Broadband and IP Data Services Research Coverage Investors can visit
 Epoch's Web site for an in-depth analysis of the Broadband and IP Data
 Services industry and to read research coverage on the following public
 companies in this sector:  360networks, Akamai Technologies, Covad
 Communications, Digital Island, Equinix, Exodus Communications, InterNAP,
 Level 3 Communications, Loudcloud, and StorageNetworks.
     In addition, investors can be added to the Broadband Services email alert
 system, which alerts investors to new research in the Broadband Services
 sector. To be added to this alert system visit
 http://pluto.sparklist.com/scripts/lyris.pl?join=epochbroadbandservices .
 Epoch has also posted video interviews with George Conrades, CEO of Akamai
 Technologies, and Jay Adelson, CTO and co-founder of Equinix. Full research on
 these and other companies under coverage by Epoch is available for free to
 investors at www.epoch.com.
     Epoch Partners is a technology-enabled investment bank focused on
 high-growth companies and electronically connected institutional and
 individual investors.
 
     The information contained herein is based on sources believed to be
 reliable but is neither all inclusive nor guaranteed by Epoch Partners.
 Opinions, if any, reflect our judgment at this time and are subject to change.
 Epoch Partners does not undertake to advise of changes in its opinion or the
 information. Epoch Partners may perform or seek to perform investment banking
 services for the issuers of securities which are the subject of our Research.
 Most of the companies Epoch Partners follows are emerging growth companies
 whose securities typically involve a higher degree of risk and more volatility
 than the securities of more established companies. The securities discussed in
 the Epoch Partners Research may be unsuitable for investors depending on their
 specific investment objectives and financial situation and needs. No report
 included in the Epoch Partners Research is a recommendation that any
 particular investor should purchase or sell any particular security in any
 amount or at all and is not a solicitation of any offer to purchase or sell
 from or to any particular investor. For additional informationthat may be
 available on the securities mentioned, please contact Epoch Partners. This
 document has been published in the United States for Residents of the United
 States. Member NASD/SIPC.
 
     Epoch Partners is a member of the National Association of Securities
 Dealers, CRD number 103899.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X50804182
 
 SOURCE  Epoch Partners, Inc.