Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: Todd Pagel who wrote (63909)	1/18/2000 9:31:00 PM
From: puborectalis	of 108040

Ubiquitous and Acquiring ICGE...... Internet Capital Group to Boost Investments to $1.2 Bln in 2000 1/18/00 1:16:00 PM Source: Bloomberg News Boston, Jan. 18 (Bloomberg) -- Internet Capital Group Inc. plans to at least double its investments in providers of online- commerce support services to $1.2 billion this year from about $600 million in 1999, Chief Executive Walter Buckley said. The company, which invests in closely held electronic- commerce businesses, plans to make as many as 24 acquisitions this year. The goal is to own operators in the top 50 global business-to-business markets, Buckley said at a conference in Boston. He declined to specify the markets in which his company wants to invest. Internet Capital Group plans to expand to Asia in the second half of this year and to open an office soon in Munich, he said. Buckley said he expects more than 10 of the companies in which Internet Capital Group has invested so far to sell shares to the public this year for the first time. ''There will be some behemoth companies to emerge,'' he said, without being more specific. ''Today is a real estate game; tomorrow will be an earnings-and-cash-flow game.'' ICGE, based in the Philadelphia suburb of Wayne, Pennsylvania, has invested in companies including VerticalNet Inc., an operator of Web sites on industrial topics including the pulp-and-paper market, and closely held LinkShare Corp., which provides Internet marketing services for online merchants. Shares of Internet Capital Group rose 5 1/4 to 138 3/4. Its shares have surged more than 23-fold since the company first sold stock to the public in August.

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