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

To: LOGAN12 who wrote (585)	9/18/1999 10:39:00 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 4187

Yeah I'm not happy with icge mkt cap, thats for sure. They went out with 100mm shares outstanding and that is the culprit. A few companies lately have done that... etoys is one and also sycamore networks is going to have 75mm. This number of outstanding shares at an IPO was unheard of last year. And of course ICGE has a low float for now so the stock rises. Having said that, I have to look at equivalent valuations across the sector. Ariba over 6 billion, CommerceOne over 3 billion... I just invested in another company Agile at 1 billion. If single companies are going to be valued like this then I can't get too upset at icge. But I don't like 100mm shares outstanding at this stage...