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

To: visiondf who wrote (785)	11/15/1999 11:39:00 PM
From: bobkansas	Respond to of 4187

Steve Harmon is right about 50% of the time as to whether a company is overvalued or not. So, I would not be overly concerned about his thoughts on ICGE. Frankly, as the number of companies in the internet space continues to grow and grow, the value of Steve's opinions is slowly being reduced. The nets stocks are becoming too big for any one person to have a detailed understanding of. That is why threads on SI are so helpful to all of us. JMOHO.

To: visiondf who wrote (785)	11/16/1999 10:52:00 AM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 4187

Well, Steve Harmon has more access than I do as an individual in evaluating the icge portfolio... I can only look at the few public companies they have and then access the web sites of the others and take a guess. Still I think vert and e-chemicals look like quality plays... also software is shifting to a totally outsourced model and Service soft being a new company can adopt that and maybe dominate, etc. So maybe I'm being overly optimistic but with this major upheaval in software going on + b2b which is a brand new area, I think the chance exists for some of the icge names to dominate... In the case of cmgi, that oportunity never really existed. They don't have any "big names"... either because they moved into areas late, or didn't have the bandwidth... I'm not sure. I agree with the next poster (Bob Martin) that these internet companies are becoming too varied for one guy to follow completely. I actually think knowledge of enterprise software, ERP etc. are what is really important vs. the internet... or maybe both things... I know from reading the calico thread that some internet investors don't know the difference between front and back office and who will benefit, plus calico has this history that all the software people know... ...oops! sorry for the rambling!

To: visiondf who wrote (785)	11/16/1999 2:59:00 PM
From: LLCoolG	Respond to of 4187

Visiondf, Thank you for posting that, it made me decide to hold my position instead of trading out of it if the stock got back to 163. Steve Harmon is no different than any other hack who thinks he knows everything on SI. He is often dead wrong, and often floats rumors that have no basis in truth, like when he claimed his "sources" told him than Yahoo would drop Inktomi this past January. I am glad he thinks it is overvalued. That means he wishes it were lower so he can get a bigger piece, or initiate a position. I am also glad there are people like you who think he is actually bright. I am sure that more people shorted this stock based on that tidbit, which is great for me. Regards, G