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Technology Stocks : XLA or SCF from Mass. to Burmuda -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (774)	12/12/2000 7:52:02 AM
From: Mama Bear	Read Replies (2) \| Respond to of 1116

"The Board of Directors of Xcelera Inc. reiterated its intention to declare a special dividend to shareholders to address income taxes, if any, that may be due by a U.S. shareholder as a result of Xcelera's potential classification as a foreign personal holding company for the taxable year ending December 31, 2000. " Interesting. Won't such a dividend also be taxable? Perhaps it can be classified as a return of capital. Won't it cause the share price to fall an equal amount? If I owned $10000 of XLA and owed $3000 in tax I could sell $3000 to pay the tax. The company may issue a dividend of $3000 on every $10000 only to see it's shareholders socked with a tax on the dividend as well as having the same number of shares be worth $7000 after. Regards, Barb

To: RockyBalboa who wrote (774)	3/13/2001 4:31:36 PM
From: Labrador	Read Replies (1) \| Respond to of 1116

No Word; No Dice. Xcelera Sets Record Date for Special Dividend DATELINE: December 22, 2000 BODY: Xcelera Inc. (AMEX: XLA), a European Internet technology company, today announced that it has set December 31, 2000 as the record date for a special cash dividend to shareholders to address income taxes that may be due by U.S. shareholders. The dividend would be payable to shareholders of record on December 31, 2000. Xcelera will announce the amount of the dividend and the payment date after it calculates the amount of its undistributed foreign personal holding company income for the year 2000. Xcelera anticipates disclosing additional information regarding the dividend, including the amount and payment date, by mid-February 2001. About Xcelera Inc. Xcelera Inc. is a European Internet technology company focusing on operating, developing and financing Internet technology companies whose technologies, products or services can be enhanced by or complement Xcelera's core competencies in content management, content distribution, caching, storage and streaming. The company is expanding its portfolio of Internet companies, which includes a controlling interest in Mirror Image Internet, an Internet infrastructure company that speeds up the Web. For more information, visit us on the Web at www.xcelera.com. This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding management's beliefs about the Company's future prospects. All forward-looking statements are management's present expectation of future events and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including, but not limiting to, those risks and uncertainties disclosed in the Company's Annual Report on Form 20-F for the fiscal year ended January 31, 2000. The Company expressly disclaims any obligation to update or alter any forward-looking statements. CONTACT: Citigate Sard Verbinnen, New York Anna Cordasco/Paul Caminiti/Hugh Burns, 212/687-8080