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Prospectus Supplement No. 2 Filed Pursuant To Rule 424(b)(3)
To Prospectus Dated February 11, 2000) Registration No. 333-95935
$500,000,000
EXODUS COMMUNICATIONS, INC.
4 3/4% Convertible Subordinated Notes Due July 15, 2008 and 7,101,700 shares
of Common Stock Issuable Upon Conversion of the Notes
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This prospectus supplement relates to the resale by the holders of 4 3/4%
Convertible Subordinated Notes due March 15, 2008 of Exodus Communications,
Inc. and the shares of common stock of Exodus issuable upon the conversion of
the notes.
This prospectus supplement should be read in conjunction with the prospectus
dated February 11, 2000 and the prospectus supplement dated April 10, 2000,
which are to be delivered with this prospectus supplement. All capitalized terms
used but not defined in this prospectus supplement shall have the meanings given
them in the prospectus.
The information in the table appearing under the heading "Selling Holders" in
the prospectus is superseded in part by the information appearing in the table
below.
<TABLE>
<S> <C> <C> <C> <C>
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Name Principal Amount of Common Stock Owned Common Stock Common Stock
Notes Beneficially Prior to the Offered(2) Owned After
Owned and Offered Offering Completion of
(1)(2) the Offering
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Alexandra Global Investment Fund I Ltd. $ 6,500,000 92,322 92,322 0
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Equity Portfolio 25,100,000 356,505 356,505 0
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Evergreen Income & Growth Fund 4,000,000 56,813 56,813 0
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Federated Equity Income Fund 24,000,000 340,881 340,881 0
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Federated Insurance Series, on behalf of its 750,000 10,652 10,652 0
Federated Equity Income Fund II
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Goldman Sachs and Company 53,864,000 1,271,273(3) 765,051 506,222
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Frederic C. Hamilton 500,000 7,101 7,101 0
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Mary Ann Hamilton Trust for Self 300,000 4,261 4,261 0
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Island Holdings 35,000 497 497 0
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Local Initiatives Support Corporation (LISC) 31,000 440 440 0
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Merrill Lynch Pierce Fenner & Smith Inc. 1,180,000 16,760 16,760 0
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Nationwide Family of Funds, on behalf of its 250,000 3,550 3,550 0
Nationwide Equity Income Fund
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Ohio National Equity Income Portfolio, on 40,000 568 568 0
behalf of its Ohio National Fund, Inc.
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Pitney Bowes Retirement Fund 2,000,000 28,406 28,406 0
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</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
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State of Maryland Retirement Plan 2,799,000 39,755 39,755 0
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</TABLE>
(1) Includes common stock into which the notes are convertible.
(2) Assumes a conversion rate of 14.2034 shares per $1,000 principal amount of
notes and a cash payment in lieu of any fractional interest.
(3) Includes an additional number of shares of our common stock held by the
security holder subject to the conversion of our 5% convertible subordinated
notes due March 15, 2006 in an amount equal to the number set forth in the
column entitled "Common Stock Owned After Completion of the Offering."
Investing in our common stock or our convertible subordinated notes involves
a high degree of risk. Please carefully consider the "Risk Factors" beginning on
Page 4 of this prospectus and those contained in documents incorporated by
reference into this prospectus.
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Neither the Securities and Exchange Commission nor any state securities
commission has approved or disapproved of these securities or passed upon the
adequacy or accuracy of this prospectus or this prospectus supplement. Any
representation to the contrary is a criminal offense.
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The date of this prospectus supplement is May 25, 2000.
