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1、2000A N N U A LR E P O R TDear Fellow Shareholder,With Tony Naughtins decision to step down as CEO,I enthusiastically agreed to assume this roleuntil we secure Internaps next long term leader.Regardless of the length of time this process takes,Iwant to assure shareholders that I will continue to exe
2、cute the responsibilities of this office with vigorand confidence in our companys future.The year 2000 was one of exceptional growth for Internap,marked by significant revenue gains,strong customer additions,aggressive build-out of our Overlay Network and important investments intechnology.Internap
3、closed the books on 2000 with$69.6 million in revenues,a 456%increase over theprevious year,and an EBITDA loss of$93.5 million,or$.66 per share,compared to$39.9 million,or$1.05 per share,during the preceding 12 months.Net loss for the year was$185.5 million,or$1.30 pershare,compared to the previous
4、years net loss of$49.9 million,or$1.31 per share.Internaps value proposition was validated during the year not only by customer additions,but alsoby their use of our managed services as a commercial networking alternative to costly private networks.Key customers added during 2000 include 3Com,Associ
5、ated Press,CBS,Costco,Cox Radio,FleetSecurities,Geico,Google,H,InfoSpace,J.P.Morgan Chase&Co.,Terra Lycos,MassMutual,Matsushita,McA,Nextel Communications,Palm Computing,SAP America,SunMicrosystems,Ticketmaster and W.Although it is appropriate to note the progress and achievements of last year,we mus
6、t alsoacknowledge that 2001 ushered in a vastly different and challenging business environment.Because ofthis,I want to address the steps we are taking to manage and finance our business during this difficultperiod.The challenges of 2001 have been hallmarked by a significant increase in customer chu