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exodus
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Chris Macrae
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Sep 27, 2001 01:26 PDT
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so what ws it Exodus did? Anything unique that's irreplacable in your view?
SAN JOSE, Calif. (AP) - Burned by the dot-com blowout and costly growth, Web
hosting giant Exodus Communications Inc. filed for bankruptcy protection
Wednesday but said its business will continue to operate.
Santa Clara, Calif.-based Exodus, which provides services to major sites
including Yahoo! and eBay, has warned for months that it was quickly running
out of cash and needed additional financing to stay afloat.
In addition to the Chapter 11 filing at the U.S. Bankruptcy Court in
Wilmington, Del., Exodus announced it has received a commitment for up to
$200 million in debtor-in-possession financing from GE Capital.
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