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To: Mark Fowler who wrote (97425)	3/25/2000 3:29:00 AM
From: H James Morris	Respond to of 164687

>An INTERACTIVE JOURNAL News Roundup NEW YORK -- Silicon Laboratories Inc., a profitable maker of communications chips, saw shares in its initial offering open at more than double the offer price. Meanwhile, investors shrugged at an initial public offering of eMachines Inc., known for selling inexpensive personal computers, while shares of Eprise Corp. moved higher and Viasystems Group Inc. and Etinuum Inc. languished. Silicon Laboratories' shares opened at $63 after pricing at $31 each. Its underwriters, led by Morgan Stanley Dean Witter, had estimated the 3.2 million-share IPO to open at between $25 and $27 after bumping up an earlier target of $21 to $23. In 4 p.m. trading on the Nasdaq Stock Market, the shares were at $69.375. Silicon Laboratories, of Austin, Texas, develops mixed-signal integrated circuits, or ICs, for the communications industry. Mixed-signal ICs convert real-world analog signals, such as sound and radio waves, into digital signals that electronic products can process. Mixed-signal ICs are critical components of communications products such as cellular phones, cable and satellite set-top boxes, modems and fax machines. Silicon Laboratories initially focused on developing ICs for the personal-computer modem market. Now the company, incorporated in 1996, is applying its mixed-signal expertise to the development of ICs for other communications markets with high growth potential, such as cellular phones and network-access devices. Known as a "fabless" company, Silicon Labs doesn't manufacture the semiconductors it designs and develops, contracting out fabrication to third-party manufacturers. The company's five largest customers in 1999 were Intel Corp., Motorola Inc., PC-Tel Inc., SmartLink and 3Com Corp. Silicon Labs is one of the few tech firms launching IPOs that has actually turned a profit. For 1999, the company posted net income of $11 million on sales of $47 million.

To: Mark Fowler who wrote (97425)	3/25/2000 9:48:00 PM
From: H James Morris	Read Replies (1) \| Respond to of 164687

Mark, hello from Seattle. Question? In Oct of 1998 Glenn beamed in a article from the New York times on Xla. The reporter made it look like a scam, so I never forgot about it. I've shorted it 3 times losing once... but you actually owned it! And in only a few days you dumped it. Why? If you had kept it you'd be a $trillionaire today. Btw I guess you heard one of your loved ones Exds is investing $638mil in XLA. Question? I've looked at the Exds balance sheet because I'm a customer... How do you see Exds getting the $638 million to invest in XLA? Just like how do you see Homegrocery doing the same with Amzn? A lot of these new economy stocks which you like seem to invest in, can pull money out of the woodwork. Why you let than one get away and kept Cra is beyond me. I guess its like someone said the other day "You can't win them all". Trust me...I know! > Grand Cayman, British West Indies, March 22 (Bloomberg) -- Xcelera.com Inc. Chief Executive Alexander Vik talks about a $637.5 million investment from Exodus Communications Inc. in Xcelera's Mirror Image Internet unit, which speeds delivery of Web content. Xcelera.com shares, which traded at 34 cents a year ago, rose 37 15/16 to 212 today. ``Through this partnership with Exodus, we will gain access to 30 percent of the world's Internet traffic, which will run on our network. I think this is the largest, pre-IPO investment ever in this space, at the highest valuation. The economics of our business is that we build a network, and then our revenues are recurring, while our incremental costs are extremely low. As traffic grows, we (have) increasing profitability.' ``We don't have a specific date (to sell shares in Mirror Image). We're certainly planning for it this year. We expect to have a valuation greater than Akamai (Technologies Inc.). The company has sold its real estate operations and invested them in about 15 Internet operations in Europe. We will take each one public separately and then spin them off. We would then permit our public shareholders to subscribe at the initial IPO price.'