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To: samoyed who wrote (390)	3/15/2001 7:23:56 PM
From: Lola	Read Replies (1) \| Respond to of 589

I answered your questions quite clearly ... you just refused to see the answers ... maybe you were not sincere when you asked the questions. My answers were in relation to why I'm here on this thread and what my intentions are ... I'm certainly not going to give you ... a complete stranger the details on my business ... besides that's off topic. My complaint about Jenna's advertising was on topic. Anyway ... my job here is done ... adios. Lola:)

To: samoyed who wrote (390)	3/15/2001 7:33:30 PM
From: puborectalis	Respond to of 589

ICGE will survive.......................Forbes.com Some Incubators Closer To Last Rites By Lisa DiCarlo When Forbes.com last surveyed the prospects of four Internet development companies (they don't like to be called incubators), we warned that they were on life support. As we predicted in January, things have taken a turn for the worse at three of the four. The latest news comes from CMGI (Nasdaq: CMGI - news), which yesterday reported a $2.5 billion loss that includes a $2 billion writedown for its fiscal second quarter. The Andover, Mass.-based company failed to deliver on every performance metric it outlined just two months ago. Its quarterly burn rate is about $75 million, $30 million more than where CMGI said it would be by year's end. It will end its fiscal year with about $500 million in cash, not the $600 million to $700 million it predicted in January. And profitability is now nowhere in sight for any of CMGI's five operating units. CMGI had said that four of the five would be profitable. One of its public, majority-owned companies, NaviSite (Nasdaq: NAVI - news), said today it hired Goldman Sachs to pursue alternatives, including acquisition, and CMGI is looking for buyers for privately held Activate and AdForce. Another incubator, Idealab!, last week shut down its Silicon Valley office and said it would not start any new businesses in that area, which is arguably the hottest of hotbeds for tech startups. The closure comes after Idealab!'s decision to sublet its Boston office space. Its spacious but sparsely populated New York office may be the next to go. The cost-cutting measures are certainly what Idealab!'s backers, who forked over $1 billion last March, want to hear, but what's missing is clean execution and proceeds generated by the next great idea. Just last week, Idealab! Chief Executive Bill Gross announced New.net, a company that will sell Internet domains such as .family, .sports and .xxx for $25 apiece. The concept is interesting. Gross can bet that his billion-dollar backers will be watching like hawks to see if New.net generates enough interest and sales to help make them whole. It's a complete strategy shift at Divine (Nasdaq: DVIN - news), formerly known as Divine InterVentures. In mid-February, it bought a tiny software company, SageMaker, and is now trying to become a enterprise software company. But Divine has no experience selling software to corporations, and the category it's breaking into, called enterprise information portals, is already crowded with much larger and more experienced players. If it's smart, Divine will let Computer Associates (NYSE: CA - news) market and sell the technologies brewing at its portfolio companies. The pair has already announced that Computer Associates software will be integrated with SageMaker's. Could another sale to Computer Associates be in Andrew ``Flip'' Filipowski's future? Two weeks after Divine announced the strategy shift, it reported that for fiscal 2000, it lost $452 million on sales of $44 million. The company's shares are trading at $1.34 As Forbes.com predicted two months ago, Internet Capital Group (Nasdaq: ICGE - news) is making some headway. Despite a $561 million fourth-quarter loss, which includes a $302 million writedown, there are signs the company is moving in the right direction. It sold stakes in a few portfolio companies, including SageMaker, which was sold to Divine for an undisclosed amount, and RightWorks, which was sold to I2 Technologies (Nasdaq: ITWO - news) for $114 million. That's a decent sign that ICG has the ability to pick winners in the B2B space. ICG, which also managed to halve its annual burn rate, is invested in about 15 companies that it considers high potential. Still, ICG shares are trading at $2.78, and it's unclear when the company will turn a profit. It appears to have a better shot than its three counterparts at long-term success. So what's the bottom line for investors in these Internet development companies? It looks like things will get even worse for CMGI before they get better, with the company emerging as a shell of itself, maybe even without CEO David Wetherell. One should expect to see Divine spend its cash buying companies to augment its portal strategy, but it just doesn't have strong enough legs to compete independently in that space. ICG appears to be the only company in the group delivering on at least some of its promises. None of these companies is a flatline yet, but they're flattening out at an alarming rate and in terms of executing a turnaround, most are moving in the wrong direction.