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 Internet Capital Group (ICGE) (Page 2)
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| Author | Topic: Internet Capital Group (ICGE) |
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dbmail |
posted 02-29-2000 07:09 PM
 
Scripter: Please explain more about this "lockup". Don't really understand it. Thanks dbmail
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gatsby |
posted 02-25-2000 11:07 AM
Sure, on the surface, this earnings report is bad, and the after hours trading reflected it, as ICG fell 12 points. But why would investors care about ICG earnings anyway? Why would earnings NOW matter for this company? Nobody is looking for a profit here, so a warning of future losses shouldn't matter. What people want is for this company to focus on building their suite of investments rather than focus on short term gains. The stock still may be overvalued, but I'm surprised it would be an earnings report that would bring it down. |
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Earnings Administrator |
posted 02-24-2000 06:43 PM
Internet Capital Group (ICGE): -$0.09 reported, no expected numbers available, $0.02 same q last year. |
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slurm |
posted 02-24-2000 01:49 PM
Internet incubator Internet Capital Group Thursday forked over $450 million in stock for a stake in finance site eCredit.com. Specific financial terms were not disclosed. eCredit.com is the market leader in connecting businesses to financing partners and global information sources to permit real-time, credit and financing decisions. Its global financing network is the first Internet-based integrated financial transaction-processing platform capable of consummating transactions online in real time. ICG (ICGE) will use eCredit.com's technology to allow its partners and other businesses to offer a variety of online payment options such as trade credit, leases, loans and other financing alternatives. "eCredit.com's role in financial fulfillment is at the core of doing business on the Web and will serve as a cornerstone for our vision of providing a complete infrastructure solution for our e-commerce partners," said Ken Fox, co-founder and managing director at Internet Capital Group. "eCredit.com's ability to cut processing time for credit and financing applications, by providing direct links between businesses and financial institutions, makes it a market leader in the e-commerce financial services industry." |
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postman |
posted 02-11-2000 10:39 AM
Ten affiliates of Internet Capital Group just filed to sell a combined 1 million common shares, valued at $124 million in the open market, according to new SEC filings. More could be on the way... |
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slurm |
posted 01-24-2000 05:37 PM
> I read that the recent MSFT investment in VerticalNet will and has jumpstarted the b2b industry yet again... The MSFT investment is certainly additional evidence that online B2B is hot, but it's been hot for awhile now. And 200 million shares is a huge number to come out of lockup. If I had to guess, I'd say the MSFT deal is about enough to counteract 30 or 40 million extra shares, but not 200 million. |
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smario |
posted 01-24-2000 04:57 PM
I read again today about the lockup, and the fact that investor's should be forewarned about it. But then I read that the recent MSFT investment in VerticalNet will and has jumpstarted the b2b industry yet again just like the Cisco $7billion buy of Cerent jumpstarted the networking industry. Perfect timing for ICG, due to their holdings in the b2b world (including VerticalNet). What this means is that the MSFT move may just be enough to offset the rapidly approaching ICG lockup ending. What does everyone think about this argument? |
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scripter |
posted 01-21-2000 01:53 PM
One word of caution about ICG: their lockup period ends in February, at which time 46 million shares will become available for trading. Another 45 million will hit the market between March and May, followed by an additional 95 million in June. These shares will probably put a lot of downward pressure on the share price, so anyone considering getting in now might be able to get a much better deal by waiting until July or August. |
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trentr |
posted 12-22-1999 01:57 PM
Its true that its not a great metric to measure ICG, but I still think thier employees are more valuable that either amazon's or eBay's. As you say, their value is in their ability to find new companies... and that is what makes their employees so valuable. Its not like they have any infrastructure that holds any value. A little of it is in their name recognition and reputation, but most of it is in the employees. Its the same with any vc firm and the trend is to move more and more that way. VC firms are giving a lot more than just money when they fund someone. They are giving money, expertise, connections, and instant legitimacy to the companies they fund. The other problem is that who is really to trust any of the market cap data we see right now. What does any of it mean anymore. |
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slurm |
posted 12-22-1999 12:06 PM
I don't think market cap per employee is a meaningful metric for ICG. Their value is in their holdings in other companies, and in their ability to find additional such companies. To take an extreme example, Warren Buffett's Berkshire Hathaway has only 12 employees but is worth over $100 billion. Is each employee worth $8 billion? Of course not. The $100 billion in value comes from the company's holdings in other companies. The situation with ICG is analogous. |
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trentr |
posted 12-22-1999 09:43 AM
gatsby, considering how many of ICG's employees are upper level and their assistants VCs and how many of Amazon's and eBay's are writing code or doing customer service i'm not too suprised that ICG's employees are valued so highly. bchancellor, |
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bchancellor |
posted 12-22-1999 03:22 AM
I agree: ICG's market cap is somewhat higher than warranted. Still, it is important to consider this: ICG holds substantial investments in 30-plus market-leading B2B companies. If only a third of ICG's investments succeed in the public markets, the company stands to generate awesome earnings in the next 3-5 years. Take, for instance, one of the ICG holdings with which I'm personally familiar: Blackboard. An online education company, Blackboard already has achieved "first-mover" status in the colossal market for Internet-based education--a market that, according a report I read from Gartner Group, will be worth 35 billion in 2003. Blackboard's top-line growth is around 600 percent and the company is slated to go public this summer. A market cap of $1.5 billion is not an unreasonable target for Blackboard. And this is just one company in ICG's huge stable. I read somewhere that ICG has six primary criteria for investing, one of which is this: each company must be a market leader in its respective B2B sector. Can you imagine the combined IPO proceeds from a few dozen B2B market leaders? Scary. If nothing else, it will be interesting to see how ICG's future plays out. |
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gatsby |
posted 12-10-1999 02:00 PM
On the plus side, here's some more validation for the company as a business worth investing in: - AT&T made a $50 million equity investment in the firm at a price of $82 per share. - Kuwait-based Internet Assets also acquired shares of the firm for $20 million. |
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gatsby |
posted 12-07-1999 09:21 AM
Sure it's just one way to value a company, but I thought it was interesting nonetheless: ICG - $617 million per employee eBay - $167 million per employee Amazon.com - $15 million per employee GE - $1.5 million per employee Granted a company like ICG doesn't need nearly as many employees to operate, but still, is it justified? |
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Machiavelli |
posted 12-06-1999 10:54 AM
I've heard that there is a company just like CMG and ICG, but focuses on telecom technologies and companies to invest in and then eventually spin off. Though the problem is I don't know the name. Anyone heard of the company i'm referring to, and can you give any relevant info? Thanks. |
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