Epoch Partners Issues Research Note on InterNAP

Research Note Discusses First Quarter Results



Apr 25, 2001, 01:00 ET from Epoch Partners

    SAN FRANCISCO, Apr 25 /PRNewswire/ -- Epoch Partners today announced it
 has issued a Research Note on InterNAP (Nasdaq: INAP). 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
 InterNAP. Highlights from the report include the following:
 
     -- InterNAP's first-quarter release does little to change our negative
 view of the company's mid-term prospects, given that our key concerns remain
 outstanding.
     -- Our concerns include an imminent funding gap, a back-end-loaded
 financial model, an inflated cost structure, and a cloudy receivables picture.
     -- A near-term positive catalyst would be the finalizing of the company's
 pending financing.
 
     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 information that 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/11690X45498045
 
 

SOURCE Epoch Partners
    SAN FRANCISCO, Apr 25 /PRNewswire/ -- Epoch Partners today announced it
 has issued a Research Note on InterNAP (Nasdaq: INAP). 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
 InterNAP. Highlights from the report include the following:
 
     -- InterNAP's first-quarter release does little to change our negative
 view of the company's mid-term prospects, given that our key concerns remain
 outstanding.
     -- Our concerns include an imminent funding gap, a back-end-loaded
 financial model, an inflated cost structure, and a cloudy receivables picture.
     -- A near-term positive catalyst would be the finalizing of the company's
 pending financing.
 
     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 information that 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/11690X45498045
 
 SOURCE  Epoch Partners