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To: Martin Atogho who wrote (75099)	8/22/1999 9:40:00 PM
From: Lizzie Tudor	Respond to of 164684

I just don't like their portfolio companies, thats my only criterion. I always thought cmgi had a bunch of second-tiers, and as time plays out it becomes more and more obvious with these incubators... if you look at icge, I can't tell you whether many of their holdings are first tier or not, simply because there is no one else out there yet. But as we get into next year and as competition starts heating up I'll see whether they have any big names or not and if they don't, I'll get out of icge. I think a bunch of cmgi companies like silknet for example are going to be in a trading range forever.