Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: Manx who wrote (332)	3/22/2000 4:16:00 PM
From: PeterBurgess	Read Replies (1) \| Respond to of 1116

holders of XLA stock to participate in IPO spinoffs From Briefing.com today Xcelera.com Inc (XLA) 212 1/8 +37 7/8: Now, people will take us seriously! Announcement this morning that Web hosting leader Exodus Communications (EXDS) has agreed to invest more than $637 mln in XLA's Mirror Image unit will force Wall Street to acknowledge XLA as a legitimate player in the Internet caching market. But it certainly isn't difficult to understand why analysts have not flocked to this stock (unable to find one analyst who covers it)... Before reinventing itself as an Internet investment business, The Cayman Islands-based company was a small-time operator of a handful of hotel properties... The stock has rallied from under $0.50 per share over the past year, driven by a combination of momentum and enthusiasm surrounding the Mirror Image unit. Along the way, Xcelera.com has declared three stock splits, the most recent of which was announced yesterday... In addition to its stake in Mirror Image, XLA also holds positions in an Internet music portal (deo.com), a distributor of adgames (e-game.com), a B2B Web infrastructure company (Corechange) and an Internet recruitment operation (Wideyes)... One of the driving forces behind the stock's more than 61,000% bolt over the past year has been the possibility of cashing in on the spin-off of a XLA subsidiary. Obviously, the IPO that investors are hoping for is Mirror Image. Investors in search of CMGI-style IPO riches encouraged by Xcelera.com's recent decision to establish a public shareholder IPO rights policy, allowing holders of XLA stock to participate in the initial public offerings of affiliated companies. Investors would be allowed to purchase the deal at the offering price, with allocation based on the number of XLA shares held. - DS