"We May Have Hit the Bottom"

Exodus Communications has been walloped by losses and customer defections. Chief Executive Ellen Hancock is hoping the worst is over

The second quarter was a rough one for Exodus Communications. The world's largest provider of outsourced data storage, Exodus (EXDS ) just reported a $583 million loss for the period -- more than 10 times the loss for the same quarter in 2000, despite gross revenues having doubled since then.

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