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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (11618)	9/3/1999 12:42:00 PM
From: Kaliico	Read Replies (1) \| Respond to of 57584

Again, i reiterate the importance of longterm ICGE stock radar tracking... I own a small chunk. Let's hope for a pullback From Weekly Web report, a nice summary. ICG BECOMING THE GE OF THE WEB: This week, we initiated coverage of Internet Capital Group with a Buy rating. ICG invests in and acts as the operating manager of a collaborative network of eBusiness companies. As of June 30, 1999, ICG owned interests in 35 companies engaged in electronic business-to-business commerce. ICG focuses on two segments within the eBusiness segment: market makers and infrastructure service providers. We believe ICG is similar to CMGI but differs in its focus on eBusiness companies as well as in its more integrated approach as an operating manager. As such, we believe that ICG is a combination of a venture capital firm and a technology company. We believe ICG can evolve into an eBusiness conglomerate, such as General Electric, providing operating guidance, strategy and resources to its eBusiness companies. We view ICG as a great way to play the eBusiness stock market. We believe the stock will trade at a significant premium based on a growing penetration of the large eBusiness opportunity. Our arguably conservative estimate of the company's asset value is approximately $2.6 billion and our optimistic estimate, assuming most companies go public, would be close to the current market capitalization. We believe in a market cluttered with stocks, investors will bet on a management team with an impressive track record of picking winners. We expect catalysts for the stock include the individual performances of the partner companies as well as a strong IPO market.