SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : XLA or SCF from Mass. to Burmuda -- Ignore unavailable to you. Want to Upgrade?


To: UUplink who wrote (331)3/22/2000 10:29:00 AM
From: Manx  Read Replies (1) | Respond to of 1116
 
Wednesday March 22, 10:11 am Eastern Time

Exodus takes $637.5 mln stake in Xcelera unit

SANTA CLARA, Calif., March 22 (Reuters) - Internet hosting service provider Exodus Communications
Inc. (NasdaqNM:EXDS - news) said on Wednesday it would make a $637.5 million investment in a unit of
Xcelera.com Inc. (AMEX:XLA - news) specializing in Web site performance.

The unit, Mirror Image, makes software designed to improve the delivery of Internet content. Under the
terms of the deal, Exodus will use the software throughout its data network.

Exodus said it and Mirror Image planned to enhance Web site performance for customers, consumers and e-business Web sites, including
delivery up to 10 times faster than conventional methods.

Financial terms were not disclosed.

Exodus shares were up 4 at 159-1/4. Xcelera was up 22-15/16 at 197.