Internet Capital Group Inc. (ICGE) Message Board

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Technology Stocks : Internet Capital Group Inc. (ICGE)

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To: mact who wrote (68)	7/29/1999 6:59:00 AM
From: Tom D	Read Replies (1) of 4187

No. Given the 125M shares outstanding, it should only be in the 20's. I am still working on figuring this puzzle out. Even at $30, it is already a $4 billion company. I am struggling with coming up with enough value to justify this price. 37% of ICGE is VERT. VERT already has an internet mania premium built into its market cap. There is absolutely no reason for VERT to get a second internet mania premium. A price of $30 per share says market cap of $3.75 billion. Subtract $550M for the stake in VERT (37% of $1.5B) and a price of $30 says that the rest of the company is worth $3.2 Billion. No way Jose. Tom

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