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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: $Mogul who wrote (55516)	1/3/2000 12:27:00 PM
From: puborectalis	Read Replies (1) \| Respond to of 108040

ICGE NEWS..TipWorld - tipworld.com The Internet's #1 Source for Computer Tips, News, and Gossip Proudly presents: TipWorld's Stock Tip of the Day And now for today's tip... INTERNET CAPITAL GROUP (ICGE) It's widely predicted that the next big wave of e-commerce will consist of business-to-business (B2B) firms that help companies improve efficiency by linking buyers with suppliers online. Just as consumer e-commerce ventures are leveraging the Internet's reach to bring volume pricing to retail buyers, so can B2B companies lower costs for corporate buyers. And just as CMGI (CMGI) acts as a holding company for consumer-oriented Net companies, so is there a firm buying up B2B startups. Internet Capital Group, a small company of fewer than 40 employees that went public last May, currently owns interest in 35 B2Bs. At this point in the evolution of B2B, investors must act on little more than sheer faith in ICGE's ability to pick the winners. More or less a mutual fund of the emerging B2B sector, ICGE relies on investor faith in the company's management. The P/E Ratio stands over 10,000--but the company does have earnings of 2 cents per share. Like any holding company that buys into private startups, return on investment is uneven, to put it generously. ICGE has run up from $7 in early 1999 to as high as $212 (adjusted for one split). It seems clear (or at least universally believed) that B2B is not only the next wave of e-commerce, but will be far larger than consumer e-commerce. If that forecast is true, then the train--even at these valuations--has just begun to move. ----------------------------------------------