The Fall Of Exodus
from the maybe-if-it-actually-worked-well... dept
A good article looking at the fall of Exodus. They're still in business, but they're struggling. Most analysts expected them to take a small dip from losing dot com customers, but to be okay, overall. What they didn't expect was how badly Exodus's management would screw everything up. They have expensive and incredibly underused capacity. They also made a deal with a bank saying that they basically have to leave $100 million in the bank - more or less making that $100 million completely useless to them. The only thing I can think of, is that over the past three years or so, any time anyone I know mentioned Exodus, it was to talk about (1) how expensive they were (2) how unreliable they were or (3) how unresponsive they were. Knowing those things, it doesn't surprise me that they're losing a lot of customers.
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exodus
probably a good short though. also, if you are shorting, take a look at plug power as mentioned in barron's this weekend.
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