Wall Street Carnage Continues
Exodus, Level 3 and InterNAP all take 20 percent hit:

April 3, 2001 -- Call it Terrible Tuesday.
Internet infrastructure took the worst beating as Wall Street's selloff accelerated today, with shares of already-battered data center and next-generation network companies dropping ever further, their percentage losses far exceeding the damage in broader market indices.
The industry's bad news went beyond Wall Street, as number of high-profile companies released grim corporate news. Level 3 Communications said it would cut 325 jobs, while PSINet warned that it may file for bankruptcy and Teligent revealed that its auditors are raising questions about its ability to stay in business. Rumors swirled that other providers were either cutting jobs or facing financial crises.
The 20 stocks in the CarrierHotels.com Market Monitor showed an average loss of of 11.4 percent on the session, compared to a 6.2percent hit for the NASDAQ market average, which closed 109.97 points lower at 1,673.00. The Dow Jones Industrials dropped 292.20 points to 9,485.70, losing 2.99 percent of its value on the session.
Among the biggest percentage losers were two infrastructure industry bellwethers, Exodus and Level 3.