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

To: LOGAN12 who wrote (1059)	1/9/2000 7:19:00 PM
From: neverenough	Read Replies (1) \| Respond to of 4187

January 09, 2000 19:11 Internet Capital Group at huge premium - Barron's NEW YORK, Jan 9 (Reuters) - Internet Capital Group Inc. has emerged as the dominant play in the growth of business-to-business commerce over the Internet, but its stock could get crushed if the business-to-business craze ends, according to a Barron's article by Andrew Bary. Its shares have soared to 174 from its August IPO price of $6, but the company's asset value is now estimated at just $14.50 per share, according to the article. Even its Wall Street fans admit that Internet Capital trades at a huge premium -- 1,100 percent -- to the current value of its investments, according to Bary. Sceptics are less charitable and maintain that the company epitomises the absurdity of Internet valuations, the article said.