To: John Powell who wrote (2470 ) 11/23/1999 5:10:00 PM From: Crazy Canuck Respond to of 5053
After Jordex's last announcement it is clear that they have just restructured themselves so that they could fashion their business plan after the ICGE and CMGI type model. Well this afternoon, I went to take a closer look at some of the companies they are fashioning themselves after. Here are just the first four I looked at. Granted there are more examples that I didn't add to the list, but it is only because I stopped after these four. Others that someone may want to add to their list are SHAL, WCAP, and SDTI. I haven't looked at these yet. I will later. After reading these company overviews, and looking at their stats, I guess there is something to this business model after all. <ggg> If Jordex only achieves a fraction of the success that these firms have achieved, then the future will be very, very bright for all JDX shareholders. Hmmm . . . I guess if a small company wanted to have a shot at being a success at this business, they would have to . . . - Be aligned with strong partners - Be able to get early access to the better deals at the "seed money" stage - Have a head of the company who is experienced in helping young businesses grow beyond the start-up stage - Have a way to access to an unlimited and talented labor pool. Now it they could only inflate their treasury right by having their partners let them 'cut in line' on some of their hotter deals. Well, if a small company like Jordex could pull all of this factors together, you have to think that they might just be off to the races - with one hell of a head start. It is all about Risk Reward for me right now. From my perspective, the risk is negligible, and the reward is Blue Sky. These are some of the many reasons why I bought more shares today. Crazy Canuk ___________________________________________________________Internet.com venture Fund II - INTM last price $46 1/16 US 23.33 million shares 1.08 Billion Market Cap Internet.com venture Fund II will continue to follow the path of CMGI (Nasdaq: CMGI) and Internet Capital Group (Nasdaq: ICGE) with the benefit of being a public operating company in the Internet space that also extends value to its stockholders by having a successful Internet venture capital arm. Internet Capital Group - ICGE last price $170 15/16 US 126.61 million shares 21.7 Billion Market Cap Internet Capital Group is an Internet holding company actively engaged in business-to-business e-commerce through a network of partner companies. It provides operational assistance, capital support, expertise, and a strategic network of business relationships intended to maximize the long-term market potential of more than 45 business-to-business e-commerce partner companies.Safeguard Scientific - SFE last price $117 US 34.83 million shares 4.07 Billion Market Cap Safeguard Scientific is an Internet-centric holding company which identifies, acquires, operates and manages business-to-business companies engaged in e-commerce, e-communications, and e-business software and services and has interests in several private equity funds. Safeguard generally acquires ownership interests in companies that allow it to have a significant influence over their direction and management over the long-term. Safeguard assigns a dedicated team to each partner company and actively assists its partner companies in their management, operations and finances. Safeguard seeks to maximize shareholder value by actively providing operational assistance and expertise to help its partner companies grow and develop and by giving its shareholders the opportunity to participate in the initial public offerings of its partner companies while retaining a significant ownership interest after the initial public offering. Its network of partner companies and private equity funds creates an environment through which companies can leverage one another's information technology, operational experience, business contacts and industry expertise. CMGI Inc. - CMGI last price $138 15/16 US 116.84 Million Shares 16.24 Billion Market Cap CMGI Inc. whose Internet venture capital arm has taken stakes in consumer-oriented Web businesses, created a separate fund, which could reach $1 billion, focused on Web firms that help businesses do business with one another. CMGI said it would be the sole limited investor in the new business-to-business fund, CMGI Ventures B2B Fund. Nearly two-thirds of the companies in CMGI's current Ventures portfolio operate in the business-to-business arena and include Chemdex Corp., which helps drug companies buy supplies, and Silknet Software Inc., an electronic commerce software maker This is the latest in a series of recent announcements from CMGI, including $4 billion in acquisitions and 15 venture investments during the past 90 days. They include stakes in Gamers.com Inc., an online game directory, Boatscape.com Inc., virtual yacht club, BizBuyer.com Inc., a services exchange site for small businesses. CMGI's majority-owned operating companies include Internet marketing firm Engage Technologies Inc., and Web site developer NaviSite Inc.