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Technology Stocks : Internet Capital Group Inc. (ICGE) -- Ignore unavailable to you. Want to Upgrade?


To: Tom D who wrote (43)7/27/1999 2:08:00 AM
From: Tom D  Read Replies (1) | Respond to of 4187
 
Terse analysis of ICGE, from Wired, filed May 11.

wired.com

Tom D



To: Tom D who wrote (43)7/27/1999 8:47:00 AM
From: Tom Bunge  Read Replies (1) | Respond to of 4187
 
By a long distance, ICG's major holding is Vertical Net
The valuation model used by the underwriters to get to their pricing of the IPO, in essence, is the following:

1) VERT (Mkt Value)
2) 7 Developed Partner Companies (Discounted IPO value)
3) 27 Emerging Partner Companies (Cost basis)
4) Cash (Mkt value)
Total ..... $10-12 per share

I do not have all the details but this should give you a framework for approaching the matter

Cheers - Tom



To: Tom D who wrote (43)7/27/1999 12:32:00 PM
From: still learning  Read Replies (1) | Respond to of 4187
 
From filings: 37 companies owned (% range from 14 to about 43) Only owned 8 as of beginning of 1998!

Excerpts

The substantial growth in B2B e-commerce creates tremendous market opportunities for new emerging companies. Forrester Research estimates
that the B2B e-commerce market, defined as the intercompany trade of hard goods over the Internet, will grow from $43 billion in 1998 to more than $1.3
trillion by 2003. We focus on two types of B2B e-commerce companies, which we call market makers and infrastructure service providers.



Market makers bring buyers and sellers together by creating Internet-based markets for the exchange of goods, services and information in a
particular industrial sector. Market makers enable more effective and lower cost commerce for traditional businesses by providing access through
the Internet to a broader range of buyers and sellers. Market makers typically operate in a specific industry and tailor their business models to
match a target market's distinct characteristics. Our partner company network currently includes significant interests in 18 market makers: Arbinet
Communications, BidCom, Collabria, CommerX, ComputerJobs.com, Deja.com, e-Chemicals, eMarketWorld, Internet Commerce Systems, iParts,
ONVIA.com, PaperExchange, PlanSponsor Exchange, PointMent, RapidAutoNet, Star-Cite!, Universal Access and VerticalNet.
Infrastructure service providers sell software and services to businesses engaged in e-commerce. Many businesses need assistance in designing
business practices to take advantage of the Internet and in building and managing the technological infrastructure needed to support B2B
e-commerce. Our partner company network currently includes significant interests in 17 infrastructure service providers: Benchmarking Partners,
Blackboard, Breakaway Solutions, ClearCommerce, CommerceQuest, Context Integration, Entegrity Solutions, LinkShare, PrivaSeek, SageMaker,
ServiceSoft, Sky Alland Marketing, Syncra Software, Tradex Technologies, United Messaging, US Interactive and Vivant!.

Our partner companies accounted for under the equity method of accounting at December 31, 1998 and March 31, 1999 included:





Voting Ownership



Partner
Company
Since


December 31,
1998


March 31,
1999

EQUITY METHOD:






BidCom, Inc.

1999

N/A

25%
Blackboard, Inc.

1998

35%

35%
CommerX, Inc.

1998

34%

34%
ComputerJobs.com, Inc.

1998

33%

33%
Internet Commerce Systems, Inc.

1999

N/A

43%
LinkShare Corporation

1998

34%

34%
ONVIA.com, Inc.

1999

N/A

20%
PlanSponsor Exchange

1999

N/A

24%
SageMaker, Inc.

1998

22%

27%
Sky Alland Marketing, Inc.

1996

31%

31%
Syncra Software, Inc.

1998

53%

34%
VerticalNet, Inc.

1996

N/A

37%
Vivant! Corporation Management

1998

23%

23%



To: Tom D who wrote (43)7/27/1999 3:47:00 PM
From: Mohan Marette  Read Replies (1) | Respond to of 4187
 
I don't know which are ICGE's 3 largest holdings but here are a few they have significant interest in.

Message 10604481