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Technology Stocks : Xpedior Incorporated (XPDR) -- Ignore unavailable to you. Want to Upgrade?

To: jlivea who wrote (121)	3/23/2000 2:01:00 AM
From: jlivea	Read Replies (1) \| Respond to of 132

PSIX - The Incubator. SCNT here comes XPDR !!! Add XPDR to this portfolio. biz.yahoo.com AND the future about XPDR - "PSINet will gain the approximately 40 million shares of Xpedior that Metamor currently owns and currently has no plans to distribute it. The 10 million traded in the public will continue to be outstanding. Congratulations. Kyle Leak Investor Relations Manager Metamor Worldwide, Inc. " messages.yahoo.com Wednesday February 23, 1:57 pm Eastern Time PSINet sets $1 bln Internet venture program HERNDON, Va., Feb 23 (Reuters) - PSINet Inc. (NasdaqNM:PSIX - news) said Wednesday it is creating a $1 billion corporate venture program to support Internet entrepreneurs. The Internet carrier said funding for the effort, called PSINet Ventures, will include the value of its current investments in Internet technology and the value of Internet services to be exchanged for equity in new ventures as well as $100 million in cash. PSINet Venture's Leapfrog Program will be the first ``dot-com' start-up program that uses a ``services for equity' investment model, the company said. This structure establishes a line of credit for a start-up dot-com company to purchase any PSINet service in exchange for equity rather than cash. The Leapfrog Program is designed to give start-ups the flexibility they need to build their businesses and realize their financial goals. PSINet Ventures will partner with Internet entrepreneurs through direct minority equity investments during early- and mid-stage financing, focusing on emerging opportunities that enhance PSINet's financial and competitive technology and service positions, the company said. PSINet said its existing portfolio includes investments in public companies with a value of over $154 million, adding it includes such firms as Akamai Technologies Inc. (NasdaqNM:AKAM - news), F5 Networks Inc. (NasdaqNM:FFIV - news), FLAG Telecom Holdings Ltd. (NasdaqNM:FTHL - news), Metrocall Inc. (NasdaqSC:MCLL - news), Mpath Interactive Inc., or HearMe (NasdaqNM:HEAR - news), Software.com Inc. (NasdaqNM:SWCM - news), WatchGuard Technologies Inc. (NasdaqNM:WGRD - news) and Lucent Technologies Inc. (NYSE:LU - news), as a result of Lucent's November purchase of Xedia Corp. In addition, the portfolio includes investments in several private companies.