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

To: Rick Buskey who wrote (611)	9/28/1999 4:37:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 4187

ICGE acquires stake in Ass-Trade.com - HUH? Richard: Ooops oh it is AsseTrade.com,ok .They had me worried there for a minute :) ================== asseTrade.com Announces $11.5 Million Acquisition of Interest by Internet Capital Group, Inc. ST. LOUIS, Sept. 28 /PRNewswire/ -- asseTrade.com, Inc., a transaction fee-based business-to-business Internet provider of corporate and industrial asset management and recovery services and on-line auctions, announced today that Internet Capital Group (Nasdaq: ICGE - news), has entered into an agreement to make a strategic equity investment of approximately $11.5 million in asseTrade.com. Upon achievement of certain performance criteria, Internet Capital Group will own approximately 25.3% of asseTrade.com. Robert D. Kohn, President and CEO of asseTrade said, ``Internet Capital's acquisition of an interest in asseTrade.com significantly increases our financial, operational and strategic capabilities as we pursue our growth strategy of joint venturing with market leaders in vertical portal industries including high-tech; machine tools; leasing; aerospace; utilities and others. In addition, this investment further validates our business model and the growth potential of the business-to-business e-commerce market....... biz.yahoo.com

To: Rick Buskey who wrote (611)	9/29/1999 10:40:00 AM
From: Mohan Marette	Read Replies (2) \| Respond to of 4187

Internet Capital Group the GE of the internet-BancBoston,Wow deep. Hey Richard, Check this comments from BancBoston that came out today. ============================ "We expect Internet Capital Group will become the GE of the Internet, operating businesses that are market-share leaders in their respective industries," said Upin. "We believe that the stock will trade at a significant premium to its net asset value, based on the rapid growth and penetration of eCommerce among the B2B community." Message 11394611