To: slaffe who wrote (21949 ) 3/26/1999 11:19:00 AM From: Andretti Respond to of 44908
With TSIG's relationship with the Signature Group (GE Capital), wouldn't it be great if GE decided to take an equity stake in TSIG.com. Taken from a Ragingbull email: _____________________________________________________________LESSER KNOWN NBC AND GE WEB HOLDINGS iVillage: NBC acquired a minor equity stake in this leading women's network in exchange for promotional time on the NBC network. After its first day of trading - today - iVillage sports a market cap of $1.85 billion. TalkCity: Formed by a group of former Apple execs, this site is one of the Web's largest online communities. In March of 1998, NBC took a small equity stake in Talk City's parent company. In September, NBC followed up with an additional investment in Talk City, as did a number of other large media companies. With the recent success of theglobe.com and XOOM.com, TalkCity would appear primed for their own IPO. autobytel.com: GE Capital and NBC both maintain small minority stakes in this online auto marketing/information service which should be coming public within the next few weeks. In addition, GE Capital's Auto Financial Services provides auto leasing for new and used cars on autobytel.com's site. Intertainer: This fledgling company provides on-demand video and shopping services to TV and PC users. Last August, NBC plunked down $3 million for a 6% stake in the start-up with an exercisable option to buy up to 19% of the firm. Launch Media: Launch is a music Web site that publishes the monthly subscription based LAUNCH CD-ROM - loaded with music news, song samples and interviews. NBC and GE Capital took an equity stake in the company last year. Launch also recently filed for an IPO. Telescan: This company operates the popular WallStreetCity.com financial site and publishes various financial data on the Web. In mid January, NBC and GE Capital purchased a 9.9% stake in Telescan and will put Telescan's technology to work in the re-design of NBC's new CNBC.com site. USWeb/CKS: The merger of CKS and USWeb has created one of the Web's largest interactive services firms. In May of 1998, NBC announced it would outsource of all of its Internet production work to USWeb. At the same time, NBC announced that it would take a small equity stake in the Web services firm. InterVU: InterVU provides turnkey solutions for delivering streaming broadcasts over the Net. In 1997, NBC took a 10% equity stake in InterVU and named the company the exclusive provider of online video distribution services for NBC. NBC now operates its own Internet video service (called VideoSeeker) jointly with InterVU. TDN: In July of last year, NBC purchased a 5% stake in TDN, a joint venture between Gemstar and Thomson Consumer Electronics. TDN is developing an interactive technology guide called Guide Plus+ Gold. ValueVision: ValueVision operates the third largest home shopping network on TV, owns several direct mail operations and runs an Internet shopping site. Last week, NBC and GE Equity announced plans to purchase 19.9% of ValueVision for $56 million. GE and NBC have the option to increase their shared stake to 39.9%. NBC plans to tie ValueVision into the company's other online and e-commerce investments. NBC's other Internet initiatives include NBC Intercast with Intel, which provides interactive TV programming over the PC, and development of interactive television programming with Microsoft's WebTV Plus. NBC has also partnered with Wink Communications to provide Wink-enhanced programming - yet another attempt at interactive television. Clearly, GE and NBC have amassed sufficient Web investments/assets to file for their very own "dot com" IPO. Will they pull the trigger? Look for an NBC.com IPO before the end of this year. In the shorter term, look for a Snap! IPO sometime this summer. It's shaping up to be an exciting final year for legendary GE CEO Jack Welch who will be retiring at the end of 1999. A sexy Internet IPO would be a hell of a way to make an exit. Go for it, Jack. __________________________________________________ regards, Andretti