Xcelera.com’s Shares Continue Heady Rise

What sell-off?

Shares of Xcelera.com Inc. (ticker symbol: XLA), whose Mirror Image unit speeds Internet content, climbed 26% on Friday in a second day of gains after a recommendation in the Gilder Technology Report.

Xcelera.com leaped $50 to a record $240 on the Amex. The stock has surged 358-fold since trading at 67 cents a year ago.

Mirror Image helps transmit Web information to network users faster by storing it in databases closer to them. Mirror Image’s accessible storage of data is better than competing technology offered by Akamai Technologies Inc. (AKAM) and Digital Island Inc. (ISLD), technologist George Gilder wrote in his report, which encouraged investors on Internet message boards.

“This article is launching us to the next level,” said one contributor to a Yahoo board. “It is incredible and describes how Mirror Image technology is going to blow AKAM and ISLD out of the water.”

Cayman Islands-based Xcelera, formerly known as Scandinavia Co., bought Mirror Image last year.

“Mirror Image should command a major first-mover advantage,” Gilder said in the newsletter.