content: <PAGE>
   
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
  
                                 --------------
  
                                    FORM 8-K
  
                                 CURRENT REPORT
                         Pursuant to Section 13 or 15(d)
                     of the Securities Exchange Act of 1934
  
      Date of Report (Date of earliest event reported):  February 22, 1999
  
                           EXODUS COMMUNICATIONS, INC.
  --------------------------------------------------------------------------------
             (Exact name of Registrant as specified in its charter)
  
                                    DELAWARE
                  ---------------------------------------------
                 (State or other jurisdiction of incorporation)
  
  
        000-23795                                        77-0403076
  ------------------------                     --------------------------------- 
  (Commission File Number)                     (IRS Employer Identification No.)
  
  
  2650 San Tomas Expressway, Santa Clara, California              95051
  --------------------------------------------------------------------------------
  (Address of principal executive offices)                      (Zip code)
  
  
                                  (408) 346-2200
               ----------------------------------------------------
               (Registrant's telephone number, including area code)
  
                                  Not applicable
           ------------------------------------------------------------
           (Former name or former address, if changed since last report)
  
  
  
  <PAGE>
   
  ITEM 5. OTHER EVENTS
  
          On February 22, 1999, the Company issued a press release announcing 
  that it intends to raise $200 million of gross proceeds (excluding the proceeds 
  of a $50 million over-allotment option) through a private offering of its 
  convertible subordinated notes in an offering to qualified institutional
  buyers. A copy of the press release is filed as Exhibit 99.1 and incorporated
  herein by reference.
  
  ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
  
     (c)  Exhibits
                  
          Exhibit Number          Exhibit
          --------------          -------
  
          99.1                    Press Release, dated February 22, 1999,
                                  of Exodus Communications, Inc.
  
  <PAGE>
   
   
                                    SIGNATURES
  
          Pursuant to the requirements of the Securities Exchange Act of 1934, the
  Registrant has duly caused this report to be signed on its behalf by the 
  undersigned thereunto duly authorized.
  
                                       Exodus Communications, Inc.
          
  Date:  February 22, 1999             By:      /s/ Richard S. Stoltz
                                          ------------------------------------
                                                    Richard S. Stoltz
                                            Executive Vice President, Finance,
                                              Chief Operating Officer and
                                                Chief Financial Officer
  
  <PAGE>
   
                                 INDEX TO EXHIBITS
  
  
  Exhibit
  Number                          Description of Exhibit
  -------                         ----------------------
  
  99.1                    Press Release, dated February 22, 1999, of Exodus
                          Communications, Inc.
metadata_documents: [{"type": "8-K", "sequence": "1", "description": "FORM 8-K", "secsgml_size_bytes": 3455}]
metadata_filer: {"company-data": {"conformed-name": "EXODUS COMMUNICATIONS INC", "cik": "0001013740", "assigned-sic": "4813", "irs-number": "770403076", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-23795", "film-number": "99546352"}, "business-address": {"street1": "2650 SAN TOMAS EXPRESSWAY", "city": "SANTA CLARA", "state": "CA", "zip": "95051", "phone": "4083462200"}}
text: SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
  
                                 --------------
  
                                    FORM 8-K
  
                                 CURRENT REPORT
                         Pursuant to Section 13 or 15(d)
                     of the Securities Exchange Act of 1934
  
      Date of Report (Date of earliest event reported):  February 22, 1999
  
                           EXODUS COMMUNICATIONS, INC.
  --------------------------------------------------------------------------------
             (Exact name of Registrant as specified in its charter)
  
                                    DELAWARE
                  ---------------------------------------------
                 (State or other jurisdiction of incorporation)
  
        000-23795                                        77-0403076
  ------------------------                     --------------------------------- 
  (Commission File Number)                     (IRS Employer Identification No.)
  
  2650 San Tomas Expressway, Santa Clara, California              95051
  --------------------------------------------------------------------------------
  (Address of principal executive offices)                      (Zip code)
  
                                  (408) 346-2200
               ----------------------------------------------------
               (Registrant's telephone number, including area code)
  
                                  Not applicable
           ------------------------------------------------------------
           (Former name or former address, if changed since last report)
  ITEM 5. OTHER EVENTS
  
          On February 22, 1999, the Company issued a press release announcing 
  that it intends to raise $200 million of gross proceeds (excluding the proceeds 
  of a $50 million over-allotment option) through a private offering of its 
  convertible subordinated notes in an offering to qualified institutional
  buyers. A copy of the press release is filed as Exhibit 99.1 and incorporated
  herein by reference.
  
  ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
  
     (c)  Exhibits
                  
          Exhibit Number          Exhibit
          --------------          -------
  
          99.1                    Press Release, dated February 22, 1999,
                                  of Exodus Communications, Inc.
  SIGNATURES
  
          Pursuant to the requirements of the Securities Exchange Act of 1934, the
  Registrant has duly caused this report to be signed on its behalf by the 
  undersigned thereunto duly authorized.
  
                                       Exodus Communications, Inc.
          
  Date:  February 22, 1999             By:      /s/ Richard S. Stoltz
                                          ------------------------------------
                                                    Richard S. Stoltz
                                            Executive Vice President, Finance,
                                              Chief Operating Officer and
                                                Chief Financial Officer
  INDEX TO EXHIBITS
  
  Exhibit
  Number                          Description of Exhibit
  -------                         ----------------------
  
  99.1                    Press Release, dated February 22, 1999, of Exodus
                          Communications, Inc.