Kis,
Have you followed XLA? The last play I did on this stock was a short and a Btc, picking up almost 40 points in one day.
Boy, am I glad I didn't let that short run free.
Most unbelievable stock performance in the Wall Streets history!!!
>
Woburn, Massachusetts, March 22 (Bloomberg) -- Xcelera.com Inc.'s Mirror Image Internet, which speeds Web content delivery, will have a market value of at least $20 billion after it sells shares later this year, Xcelera.com's chief executive said.
The initial public offering of a ``small' stake in Mirror Image will give it a value greater than that of Akamai Technologies Inc., which has a market capitalization of $20 billion, said Alexander Vik. He's also president and chairman of Xcelera.com.
Although Mirror Image had just $1 million in sales last year, the market for its products will reach $6 billion annually by 2003, he said. Vik, whose family owns 77 percent of the shares in Xcelera.com, said in an interview that the company will also sell stock in the 15 other Internet companies it owns stakes in.
Mirror Image said today that Exodus Communications Inc. will invest $637.5 million in the Woburn, Massachusetts-based company. Exodus, which runs companies' Web sites through computer server farms around the world, will get a 15 percent stake in Mirror Image and a seat on its board, paying $75 million of the investment in cash and the rest in stock, Vik said.
Xcelera.com shares rose 39 3/4, or 23 percent, to 214 in midafternoon trading after rising to a 52-week high of 225 earlier. The stock has gained about 616-fold in the past year.
Exodus rose 8 23/32 to 163 31/32. Shares of Akamai, based in Cambridge, Massachusetts, rose 19 23/32 to 217 7/32.
Mar/22/2000 14:12 |
