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Technology Stocks : Internet Capital Group Inc. (ICGE)

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To: Craig Richards who wrote (692)10/21/1999 10:21:00 AM
From: LLCoolG  Read Replies (2) of 4187
 
Craig,

Thank for your pointing out the inherent flaws in something that took me all of about 2 minutes to throw out there.

If you want to get technical, I count 42 companies that ICGE holds minority stakes in between around 20-45%. I assume that in a few years, there will be more than 42. I also assume that in a few years, if B2B does take off, that the $1B estimate for an average IPO may also be low.

My point was, there should be a high probability of getting a double here in the next 2-3 years if B2B continues on its projected course. This should be the lower-risk way to play this sector, and is more of a hold-type investment, rather than a trader like the individual components would be.

I will shut my piehole now.

G
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