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To: Glenn D. Rudolph who wrote (93958)	2/18/2000 9:30:00 AM
From: H James Morris	Respond to of 164684

Glenn, have you ever heard of the Gilder Technology report? I haven't. From todays WSJ heard on the street. >GILDED: Two stocks soared after getting prominent mention by technology futurist George Gilder in the online version of Gilder Technology Report, his monthly newsletter. Terayon Communication Systems, which makes cable modems, rose $67.1875 to $204.0625 in Nasdaq 4 p.m. trading. Mr. Gilder called Terayon stock "another chance for" the types of huge returns Qualcomm had last year. Given Qualcomm's 2,618% gain last year, investors apparently weren't fazed by its 35% decline from its peak this year. And the stock of Xcelera.com, which Mr. Gilder added to his list of "Telecoms Technologies" for the first time, soared $76.50 on heavy volume to $205.50 in American Stock Exchange 4 p.m. trading. Mr. Gilder likes Mirror Image, a subsidiary of Xcelera.com, which speeds up access to heavily used Internet sites. In an unusual move, officials from Merrill Lynch and Gilder Technology Report both posted messages on the Gilder Web site (www.gildertech.com) denying rumors that a tidal wave of 14,000 Merrill brokers would have access to the Gilder report. Merrill said that, as part of an agreement with Gilder, 250 of its institutional clients were given access to the newsletter on the same terms as normal subscribers. A Merrill official said in an interview that, as far as the firm knew, no Merrill brokers received the copyrighted report other than those who subscribed to it on their own. A Merrill analyst briefly summarized the Gilder report in a squawk box call to brokers in the afternoon.