Exodus Halved on Report of Pending Bankruptcy

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Battered Web hosting company Exodus Communications (EXDS) was down 52.4% in late morning after The Wall Street Journal said Exodus is preparing a bankruptcy filing.

The newspaper, citing unammed people familiar with the company, said cash-strapped Exodus could be filing under Chaper 11 as early as this week.

The stock, which has recently traded as low as 30 cents, is down from a 52-week high of $62.38.