March 31 of more than $40,000. So why are the 72 shareholders still smiling? The loss announcement comes just weeks after it was revealed the company has been offered more than $7 million for 1,375.5 acres of land owned by the company in the Turks & Caicos Islands.

The company bought the land 22 years ago, and last month directors said a US investor had bid $7.09 million net, or $10.50 a share, for the undeveloped land on East Caicos island.

Solar's shares, rarely traded on the Bermuda Stock Exchange (BSX) since it was listed in 1993, have traded from a high of about $2.50 last year to $1.50 this August.

Directors were expected to approve the terms of a contract with purchaser Maryland-based Frank Joseph that would bring about $5,250 an acre for the property. The transaction was expected to close by November 27.

VISITORS GAIN INTERNET ACCESS BUC Visitors gain Internet access Visitors to Bermuda will now be able to access the Internet automatically from their rooms at 19 hotels and guesthouses.

Internet provider Logic Communications Ltd. yesterday announced 19 hotels and guesthouses have signed an agreement with the company to get the hook-up. To use the service travellers connect to the Internet by dialing 295-WEBI. They don't need a system login and password. The cost is added to the hotel bill at checkout.

"This type of service is fundamental to almost all business and many leisure travellers in today's fast-paced digital world,'' Logic president Peter Durhager said.

C&W'S FAVOURED STATUS IN PERIL NJ C&W's favoured status in peril Not only did Cable & Wireless lose its monopoly in Bermuda but it's about to lose its favoured position in the Caribbean, according the Financial Times.

The company is currently in negotiations with several Eastern Caribbean governments over its monopoly licenses in those countries, including St.

Vincent, and Jamaica.

The governments are arguing that World Trade Organisation rules require a change in the licenses and the introduction of competition, the report said.

FOURWAYS SELLS PASTRY SHOP EAT Fourways sells pastry shop Fourways Inn has sold its pastry shop on Reid Street. As of this week the shop was closed down. The new owners are not known. However the store is being renamed as Adagio Coffee.

The manager at Fourways did not return telephone calls.