Gilder Effect Pushes Exodus, Cypress 14% Higher

Exodus Communications (EXDS Quote) isn't slated to report earnings until after Thursday's close, but Thursday morning investors decided they'd already heard the good news from a technology seer.

Gildered Cypress, Exodus rally

Shares in the Internet hosting firm were up $4.38 in the afternoon to $38, a 13% rise. The stock rose as much as 19% in morning trading after pontificator George Gilder issued his monthly Gilder Technology Report newsletter, which discussed Exodus favorably and added the company to Gilder's "Telecosm Table." That's a list of what the futurist calls "ascendant technologies" and the companies that Gilder thinks are leaders in the area. ...