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


To: Mike E. who wrote (101057)4/27/2000 9:19:00 PM
From: puborectalis  Respond to of 108040
 
ICGE is poised for greatness(which will resume once the last of the locked-up shares is released in June)......Internet Capital takes $20 mln stake in Emptoris

WAYNE, Pa., April 27 (Reuters) - Web venture capital firm Internet Capital Group Inc.
(NasdaqNM:ICGE - news) said on Thursday it took a a stake in business-to-business
services company Emptoris Inc. for $20 million in cash.

Emptoris, of Burlington, Mass., provides business-to-business electronic commerce strategic
solutions, aimed at streamlining the procurement process for companies.

Internet Capital said it also would have an option to buy an additional interest in Emptoris from existing stockholders. Its stock
fell 7/16 to 38-3/8.