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Technology Stocks : Internet Capital Group Inc. (ICGE)
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To: Todd DeMelle who wrote (941)12/28/1999 5:55:00 PM
From: Dawgfool  Read Replies (3) of 4187
 
Todd, Great post, interesting and informative. However, if ICGE were to get to $600B that would place them at roughly 7% of GDP. At 7% of GDP that would mean that every business and household in the United States (on average)would be paying 7% of their expenditures for some service provided by ICGE. I can assure you that as the CFO of my 600 person company, we will still be paying 60% of our money out for pay and benefits, 15% for technology and telecom, another 15% for various supplies and space, etc. Although I can believe that some of this may have become B2B purchases, I seriously doubt that it will be anywhere near 7% and if it is it will certainly not be with but one of the multiple vendors. Supplies still have to be delivered ie transportation costs and technology still has to be installed ie local service. The case becomes even more clear personally. 7% of my household expenditures will not be through .coms. My mortgage, insurance and other bills are already on line. Where's the benefit?
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