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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (116773)	11/16/2000 8:51:32 AM
From: Jenna	Read Replies (4) \| Respond to of 120523

AMAT confusing? two downgrades what are investors supposed to do? That word "cautious" crops up lots of times. Cloudy, cautious, get to know what these words really mean: women and children first, man the lifeboats, no pushing there is room for everyone as the stock sinks. Semi's negative talk.

To: 2MAR$ who wrote (116773)	11/16/2000 12:29:43 PM
From: puborectalis	Respond to of 120523

Emerge Receives $23 Million In Cash Relating To Note ReceivableRepresents Final Payment Under A Previous Securities Purchase Agreement Proceeds To Fund Its Ongoing Conversion Strategy And Working Capital Needs -- 11:05 AM EST SEBASTIAN, Fla., Nov 16, 2000 /PRNewswire via COMTEX/ -- eMerge Interactive, Inc. (Nasdaq: EMRG), a technology-based company providing value-chain integration solutions for the $40-billion U.S. beef-production industry, today announced that it has received $23 million in cash from Internet Capital Group, Inc. (Nasdaq: ICGE), a 19.96% shareholder of eMerge Interactive, representing the final payment due the Company in connection with a securities purchase agreement dated October 27, 1999. "We appreciate and value Internet Capital Group's (ICG) unwavering support and commitment as we move forward in our goal to fundamentally add value to the nation's beef production process," stated Charles Abraham, eMerge's Chief Executive Officer. "The proceeds received today, together with the $23 million of cash we had on-hand at the end of the third quarter, will continue to fund our strategy to convert traditional cattle operations to value added interactive marketing facilities, our working capital requirements and general corporate purposes." The Company's objective is to improve the quality and safety of the nation's beef supply and increase profitability to every participant in the beef supply chain through its information-management infrastructure, its value-enhancing technologies, and its efficient e-marketplace. Since its Initial Public Offering (IPO) on February 4, 2000, the Company has grown to be the largest marketer of cattle in the U.S. with over two million head of cattle (annualized) now being sold through its facilities. Revenues for the three-month period ended September 30, 2000 totaled $277 million. In connection with the securities purchase agreement with ICG dated October 27, 1999, the Company issued convertible preferred stock and a warrant to acquire additional shares. In return, the Company received $18 million in cash and a note receivable for $23 million. The convertible preferred stock was subsequently converted to common stock at the Company's IPO and is included in the common shares outstanding.