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Exodus Tells Paper It's Ripe For The Picking

The company that hosts, manages and services other companies Web sites, Exodus Communications , is setting itself up for some type of takeover, according to a published report by USA Today.

Exodus CEO Ellen Hancock revealed to the newspaper Thursday that the Santa Clara, Calif.-based company is entertaining the idea despite attempts at remaining independent.

"In today's environment, if a company did come forward with an attractive offer, the burden would be on us and our board to look closely at it,'' says Hancock.

The revelation comes on the heels of the unexpected departure of three out of ten of the company's board members: Mark Dubovoy of Leapfrog Ventures, Thadeus Mocarski of Navis Partners LLC, and Naomi Seligman of Cassius Advisors.

The company had been looking to gain momentum after signing several partners to its Alliance Partner Program including Veritas Software, Open Sales and Imperial Technology.

However during its quarterly earnings report last month, Exodus reported a loss of $583.4 million, or $1.05 a share, compared with a loss of $51.8 million, or 13 cents a share, a year ago.