To: kendall harmon who wrote (79179 ) 1/15/2000 5:10:00 PM From: puborectalis Respond to of 120523
ICGE positives.....Internet Capital Group invests in the developing, business-to-business Internet market. ICG owns stakes in a network of some 40 companies, including VerticalNet (online vertical trade communities), BidCom (construction project planning), and Arbinet (network services). All of its revenue comes from its stake in VerticalNet, which went public in 1999. ICG also invests in network infrastructure service providers, including ClearCommerce (e-commerce transaction processing) and Breakaway Solutions (e-commerce and system integration). This Internet holding company has a consortium of holdings that will go public within the next 12 months, which include CommerceQuest, Commerx, ComupterJobs.com, eMerge Interactive and Onvia.com. What's more, its $1 billion in cash holdings will allow it to diverge from its B2B niche into other industries. The intense B2B focus has spawned concern about the firm, where economic downturns may have detrimental effects. However, the founders of the company have purchased more shares at market valuations, which shows that they are optimistic about future performance. Therefore it is still believed that the holding company is perfectly positioned to prosper from the fledgling business-to-business sector, which could be an explosive area for growth. The holding company actively plans to capitalize on the explosive growth of the business-to-business market, which is expected to touch $1.3 trillion in 2003. What's more, its goal is to own the top company in the 50 leading business-to-business markets. It also takes active measures in the business development of its acquired entities' operations. The e-commerce holding company, which invests primarily in online marketplace sites and network infrastructure firms, is well positioned to prosper from the incredible potential of Internet business-to-business sales.