Exodus Announces Two-for-One Stock Split
Added: (Fri Nov 19 1999)
Pressbox (Press Release) -
SANTA CLARA, Calif.--Nov. 19, 1999-Exodus Communications(TM), Inc. (NASDAQ:EXDS - news), a leader in complex Internet hosting and managed services, today announced that its Board of Directors has approved a two-for-one stock split, to be effected in the form of a stock dividend. The record date for the stock split will be November 30, 1999, and thereafter, on or about December 14, 1999, the transfer agent will mail certificates representing one additional share for each share held on this record date. Following the effective date of the split, Exodus(TM) will have approximately 170 million shares outstanding.
About Exodus Communications
Exodus Communications is a leading provider of Internet system, network management solutions and technology professional services for enterprises with mission-critical Internet operations. Exodus manages Internet Web sites and its network infrastructure from 15 Internet Data Centers (IDCs) located in the United States and Europe. Exodus currently has IDCs located in the Boston, Chicago, London, Los Angeles (2), New York (2), Seattle (2), Silicon Valley (4) and Washington, D.C.
(2) metropolitan areas. Exodus has announced the planned addition of four additional IDCs and three international server hosting sites by the end of 1999, bringing the total number of Exodus sites to 22 worldwide. More information on Exodus can be found at www.exodus.net.
Note to Editors: Exodus and Exodus Communications are trademarks of Exodus Communications, Inc. and may be registered in certain jurisdictions. All other trademarks mentioned in this document are the property of their respective owners.