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Technology Stocks : SDL, Inc. [Nasdaq: SDLI] -- Ignore unavailable to you. Want to Upgrade?

To: Kayaker who wrote (3098)	10/20/2000 2:07:42 PM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 3951

would have had to use (as a cost base) the average cost of ALL my AMCC shares (canadian rules Interesting. I also noticed you said Canada is changing cap gains so that it is only on 50% of profits. I have also heard there is no long/short term distinction in the tax rate. Is that true? If so, doesn't that mean the cap gain rate (at least compared to short-term rate of 39.6% here) is lower in Canada? I was often 100% in Dell calls. Early Feb '99 stand out in my memory Isn't that when Dell like totally tanked, and (in hindsight) was removed from the roster of Team Momo? The beginning of the long de-dellionarization process here in Austin. Speaking of which, here's a nice piece for people in need of a Schadenfreude fix> Unlucky Echelon of Ex-Centimillionaires Sees Stakes Plunge as Net Craze Fades By SUSAN PULLIAM and SCOTT THURM Staff Reporters of THE WALL STREET JOURNAL At the age of 36, after a career toiling mostly as a mid-level engineer and manager, Michael Donahue became a member of a very exclusive group: the Internet centimillionaire club. The founder of InterWorld Corp., a business-to-business company in New York, Mr. Donahue saw his stake rise to $448 million last year as InterWorld's share price skyrocketed after an initial public stock offering in August 1999. He then did what many red-blooded Americans would have done: He splurged, big time. Mr. Donahue bought a $9.6 million second home in Palm Beach, Fla. A polo enthusiast, he ponied up $100,000 to help sponsor his own team there. He spent a bundle more sharing in the rental of a Hawker Sidley private jet, the better to whisk off to Palm Beach on weekend jaunts with his wife. "It was a lifestyle thing," he explains. Another Club Today, Mr. Donahue is a member of another club -- call it the 90% club -- of executives whose companies' stock price has fallen that much or more from their peak. The value of his InterWorld stake has plunged to $12.6 million, as the share price has fallen 96.8% to $2.94 from a peak of $93.50 on Dec. 31. He was asked to repay part of a $14 million loan he took out with his InterWorld stock as collateral. And the Palm Beach house? To help satisfy his lenders, he has put it on the market for more than $13 million. "Going up was easy. But when it starts going down, no one wants to talk to you," he says. "It's been the most challenging personal experience of my career." interactive.wsj.com Copyright © 2000 Dow Jones & Company, Inc. All Rights Reserved.