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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: nokomis who wrote (75985)12/20/1999 10:07:00 AM
From: Doug Robinson  Read Replies (2) of 120523
 
LDP-The next ICGE (from todays CBSMarketwatch article by Thom Calandra-A Bear Stearns analyst says London Pacific could become the next Internet Capital Group (ICGE: news, msgs), a company that is a huge venture capital success story in the United States. A top executive, Ian Whitehead in the company's Sacramento, Calif., office, was an advisor to former British prime minister Margaret Thatcher.

"The firm may be on the verge of breaking out valuation-wise," special situation analysts Craig Peckham and Peter Barry at Bear Stearns said in a report. Three of London Pacific's investments this year were sold to Cisco Systems (CSCO: news, msgs) for stock. The analysts estimate the company's venture capital stakes in public companies is worth about $15 a share.

The company doesn't comment on upcoming IPOs of its stakes, but message boards in London, including one at www.hemscott.co.uk, say one of London Pacific's significant holdings is U.S. software company Extensity, which is expected to fetch a stock market valuation of as much as $1 billion on Nasdaq.
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