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To: D.B. Cooper who wrote (3276)	8/9/2001 10:09:31 AM
From: im a survivor	Read Replies (1) \| Respond to of 13815

If/when we get a market recovery, is it possible this beaten down B2B dollar stock, may be ripe for a ten - 100 bagger?? I looked carefully at their earnings report and lets not kid anybody....they are yet to make a profit. However, what I concentrated on was cash on hand/debt, strategy/guidance, and then I took a careful look at the 58 or so company partners they have. I tell ya......look at the list of partner companies and at least 20 look lean and mean. Heck, if 40 go under and only 20 survive, ICGE will be looking pretty. And if you look at some of their partner/private companies, many of them are leaders and award winners in their field with bright futures ahead of them. The odd thing is, many of these companies have thrived the last year and grown revenues huge %'s and cut cash burn rates huge %'s. So, while all we hear is doom and gloom, ICGE has a stable of about 15-20 private companies, doing very well in these trying economic times. yet ICGE stock which at one point was at or near $200, I believe, is now close to a buck. Their strategy now is to cut cash burn rate, which they have done a great job of doing, and rather then adding to their stable of companies by investing in more start-ups, they are going to concentrate on their core businesses that are market leaders in their respective fields. Many of these will soon be profitable.........what happens when market recovers....or maybe I should say If market recovers??? Does ICGE have a chance to see nice ROI's from current levels, if their partner companies continue to suceed and become profitable? What about if they become profitbale and then they go Public.......??? My guess is in 5 years, ICGE will be out of business or their share price will be significantly higher.....a gamblers dream ! On a more positive note, the sale of its ICG Asia unit to Hong Kong conglomerate Hutchinson Whampoa Ltd. (HUWHY) has spurred revenue growth of 85% to $22.3 million - significantly higher than $3.4 million a year earlier, the company said in a statement. Accordingly, its liquidity position increased to $290 million, excluding the 3.8 million shares that ICG acquired from software firms RightWorks and i2 Technologies (ITWO) earlier this year. The Wayne, Penn.-based company also holds a 26% stake in VerticalNet (VERT), an operator of vertical trade communities via the Web. VerticalNet recently launched an e-business portal for Pepsi Bottling (PBG). Amid a virtually dead IPO market, ICG is more willing to focus on existing investments, rather than seed startups that may never make it to the public floor. Yet, there are about 15 private companies in its portfolio - which are expected to be profitable by mid-2002.