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Technology Stocks : RRRR: Rare Medium Group (soon to be) formerly ICC

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To: Anaxagoras who wrote (736)7/12/1999 3:25:00 PM
From: Anaxagoras  Read Replies (1) of 1150
 
Not hearing too much from this incubator- of course, it takes a long time to hatch these things. Interesting article in today's TSC by Lashinsky on yet another CMGI wannabe:
thestreet.com

Although RRRR isn't mentioned, it still should be of mild interest to followers of Rare.

Here's a non-copyright violating tease....
<<On one level, it is somewhat disturbing that ICG wants to go public at all. Venture firms historically maintain funds that take years to pay off, making quarterly performance effectively meaningless. But ICG has said it wants to be a combination of a venture-capital firm, a leveraged-buyout company that can commit large amounts of capital, and a G.E.-like holding company, lending the expertise of its top brass to each partner company. >>

BTW, I should also mention this from Briefing.com this morning:
<<10:50 ET Rare Medium Group Inc (RRRR) 13 1/16 +1 1/16 (+9%): Internet venture fund announces addition of its stock to the Russell 2000 and Russell 3000. Volume 795K; intraday range 12 to 13 7/16.>>

Anaxagoras
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