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Technology Stocks : Internet Capital Group Inc. (ICGE)

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To: Tom Hua who wrote (1001)1/8/2000 11:05:00 AM
From: LarryCPA   of 4187
 
Tom, SFE invented the public VC company. They are more often accused of over managing their properties, not of being a closed end fund. Traditionally SFE sold at a premium (1980s) to their public companies for the earnings and pipeline.
CMGI, which I own and love, has copied the SFE strategy and applied it to the internet before Pete Muser knew what the internet was. However their "hands on" approach is the same. ICGE is a SFE baby and still has SFE management advice. They too, very much want to be "nurturers" rather then just a VC company. That, IMHO, is why these huge companies are buying into ICGE. It is a younger hipper version of SFE.

That is not to say that ICGE deserves such a large premium, but expecting it to trade at less than $15 per share could get you a job at Barron's. LOL
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