Curiouser and curiouser. Wonderland's Alice would feel right at home in the topsy-turvy world of Silicon Valley, where companies never have to show a profit to make their founders wealthy, and where probable courtroom adversaries invest in each others' businesses. That's exactly what happened August 17 at RePlay Networks, which received a whopping $57 million in financing from a group of investors including Time Warner Inc., The Walt Disney Co., Liberty Media Group, United Television Inc., Showtime Networks Inc., and a division of industrial giant Matsushita, whose Panasonic company makes one version of the RePlay hard-disk-based video recorder.