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Technology Stocks : XLA or SCF from Mass. to Burmuda -- Ignore unavailable to you. Want to Upgrade?

To: Techplayer who wrote (301)	2/28/2000 9:24:00 PM
From: UUplink	Read Replies (1) \| Respond to of 1116

I believe that Mr. Vic said that no portion of Mirror Image had been traded away to HP or anyone else. He also said the $32 MM funding commitment from HP was "available" implying that it had not yet been drawn upon. Remember that they have the $31 MM proceeds from the hotel sale to work with. I like to think that the original founder/inventor of Mirror Image kept some equity stake.

To: Techplayer who wrote (301)	2/28/2000 9:37:00 PM
From: Puck	Respond to of 1116

The press release only said that HP was investing $32 mil. in XLA through an equity and convertible debt arrangement. It seems certainly possible that they may have been able to invest directly in the Mirror Image subsidiary. I was thinking that perhaps the Norwegian investment group which sold them Mirror Image may have retained some sort of minority interest. This is an immaterial point but I have a curious mind. As a skeptical shareholder, I used to wonder about the integrity of my investment because XLA doesn't report regularly but at this point I don't care. If non-reporting can help produce these kinds of returns, then by all means let the status quo continue. I'm happy with my investment. Not having reporting details to fuss over sure keeps life simpler. Amen!