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: Techplayer who wrote (1261)	2/7/2000 10:53:00 AM
From: Susan G	Respond to of 4187

Wit Capital Internet Analyst Ryan B. Alexander Initiates Coverage on Internet Capital Group, Inc. with a BUY Rating; $200 Price Target ================================================================ NEW YORK, Feb. 7 /PRNewswire/ -- This release has been issued by Wit Capital Corporation, a registered broker-dealer and member of National Association of Securities Dealers, CRD number 41499, and SIPC. Wit Capital Research Analyst Ryan B. Alexander initiated coverage today on Internet Capital Group, Inc. (NASDAQ:ICGE) with a BUY rating and a target price of $200. Founded in 1996, Internet Capital Group, Inc., an Internet holding company engaged in B2B e-commerce, maintains ownership interest in a collaborative network of more than 50 partner companies. "We believe that ICG is among a very small group of companies best positioned to benefit from the continued growth of business-to-business (B2B) e-commerce into the next decade", says Alexander. In addition, Alexander indicates, "By providing the necessary capital and technical expertise, as well as access to a network of business relationships, we believe that ICG assists in maximizing the long term market potential of its partner companies. Overall, our valuation construct for ICG's total enterprise of $60.6 billion translates into a 12-18 month per share price of approximately $200." Wit Capital was founded in 1996 as the first online investment banking firm. With offices in New York and San Francisco, Wit Capital is an issuer-driven, Internet-centric company that offers a rapidly expanding array of investment banking services, including underwriting for public offerings, private equity services, strategic advisory, and institutional quality research. Wit Capital also offers individual investors online brokerage services which include access to IPOs and other securities offerings. This report and others are available at: witcapital.com This release has been issued by Wit Capital Corporation a registered broker-dealer and member of NASD and SIPC. SOURCE Wit Capital -0- 02/07/2000 /CONTACT: Ryan Alexander of Wit Capital, 212-253-4452, ralexander@witcapital.com; or Robin Weinberg of Citigate Dewe Rogerson, 212-688-6840, rweinberg@dewerogerson.com, for Wit Capital/