Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: $Mogul who wrote (871)	12/16/1999 5:24:00 PM
From: Susan G	Respond to of 4187

Internet Capital's New Offering Dubbed 'Largest Internet Financing' ====================================================================== By Dinah Wisenberg Brin, Staff Reporter 12/17/99 PHILADELPHIA -(Dow Jones)- Internet Capital Group Inc.'s newly announced secondary public offering and related private stock placements will raise at least $1.26 billion. Company co-founder and marketing director Ken Fox said Thursday that will help ICG meet its goal of dominating the top 50 Internet business-to-business markets. "This is the largest Internet financing in history," Fox said noting Amazon.com Inc. (AMZN) and America Online Inc. (AOL) would fall behind ICG with their $1.25 billion financing deals. The Wayne, Pa.-based Internet holding company already operates in 24 business-to-business markets. The financing will allow it to enter the rest of the top 50 and expand overseas, Fox said. The new financing will not only help the company to enter the other 26 markets, he said, but also allow its existing 47 partners to attain the top positions in their markets. ICG will use a combination of cash and stock to acquire stakes in the 26 markets, Fox said, adding the $1.26 billion the company plans to raise won't be enough on its own. ICG (ICGE), which has a London office, plans 10 European deals in the next eight to 12 months and opening a Munich office in January. Five of the deals will involve ICG partners expanding into Europe and the other five will be acquiring interests in European businesses, Fox said. The company's stock climbed as much as 11% in heavy trading Thursday after ICG Wednesday night announced the secondary offering and a $50 million stock purchase by Ford Motor Co. (F) at $108 a share. Internet Capital, which went public in August at $12, with a 12 offering price, closed Thursday up 3.9% at $112.375 on volume of 8.9 million shares after reaching as high as $119.50. Average daily volume is 2.6 million. Late Wednesday, the company announced it was offering six million shares of common stock at $108 a share and $475 million in convertible debt. Ford's purchase comes to nearly 463,000, or 7.7% of the stock being made avalable. Combined with a recently announced $50 million investment by AT&T Corp. (T) and other strategic investments by General Electric Co.'s (GE) GE Capital Corp. and ICG management, Fox said the company has closed on $1.26 billion in financing in all. Beacause of a so-called green-shoe clause in the underwriting agreement, he noted additional shares could be distributed and the financing could amount to $1.43 billion. AT&T will be the preferred network provider to ICG's partner companies, and ICG will be the telecommunications giant's preferred business-to-business e-commerce partner. AT&T is building a technology platform that will allow ICG's companies to launch components of their businesses, Fox said. He wouldn't disclose the relationships ICG is pursuing with Ford but said it also will be a preferred partner. "I think it validates our business model, our focus and the tremendous momentum we have as a leader in the B2B e-commerce market," Fox added. Of its 47 partner companies, 19 are firms which provide Internet infrastructure and the rest are "market-makers" which bring together buyers and suppliers, he said. "Our focus and our sweet spot is market-makers," Fox continued, and ICG's market-making partners are in 24 of the top 50 global business-to-business markets. Those 50 markets make up 80% of the $3 trillion worldwide business-to-business Internet market, he said. Copyright (c) 1999 Dow Jones & Company, Inc. All Rights Reserved.

To: $Mogul who wrote (871)	12/19/1999 7:15:00 AM
From: 2MAR$	Respond to of 4187

ICGE figures into this picture, very ncely----> ARBA last thusday gave itself an early X-mas gift by buying Tradex=1.86B, making itself a truly dominant player in the larger B2B Corp E-Com: dailynews.yahoo.com And EDS follows by establishing a 1.5B Internet Venture Fund--->" Kearney Ventures" , in one of the largest such undertakings by a major computer company ..http://dailynews.yahoo.com/h/nm/19991217/wr/tech_eds_1.html EDS also named the fund's first investments: CoNext and Tradex Technologies Inc. And Tradex sale to ARBA was a big win for ICGE, owning a fully diluted 8% of Tradex, according to Merrill. Upon completion of the deal, ICGE's stake would be worth $150mil, up from $5-$10Mil: cbs.marketwatch.com. It truly looks like in ARBA we have an emerging giant, ICGE positioned extremely well as a Net incubator, and EDS?... well Mr EDS is Mr EDS...LOL! ...think this explains a little, about the movement last friday, and good things to come for ICGE ...pet the baby gorillas, while you still can! :-) 2Mar$