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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: Tom who wrote (72720)2/8/2000 8:50:00 PM
From: puborectalis  Read Replies (2) of 108040
 
Internet Capital Group Climbs on Coverage

Speaking of business-to-business e-commerce, shares of B2B
holding company Internet Capital Group (Nasdaq: ICGE), which
has stakes in more than 50 companies including VerticalNet,
Breakaway Solutions and eMerge Interactive, climbed 4-3/16 to
125-1/8 on Monday. The gain of nearly 3.5 percent came after
Wit Capital initiated coverage of Internet Capital Group with a
buy rating and a $200 price target.

"We believe that ICG is among a very small group of companies
best positioned to benefit from the continued growth of
business-to-business e-commerce into the next decade," Wit
Capital analyst Ryan Alexander said.

With the success of eMerge Interactive's Friday initial public
offering, Microsoft's recent investment in VerticalNet, and IPOs
on tap for Internet Capital Group investments including
small-business marketplace Onvia.com and customer loyalty
service provider iSky, Internet Capital Group's portfolio could be
poised to grow significantly in value.
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