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 Internet Capital Group (ICGE) (Page 3)
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| Author | Topic: Internet Capital Group (ICGE) |
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trendy |
posted 12-03-1999 06:38 PM
 
This guy says ICGE is ridiculously overpriced: http://fnews.yahoo.com/fool/99/12/03/hill_991203.htm |
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dbmail |
posted 12-02-1999 08:04 PM
Art, et. al. -- Thanks for responding. I expect it is : http://www.purchasingsolutions.ie It was NOT www.ps.to. They never heard of ICG. Charlie1: yea, at least they have a web page, but how many other con artists have one also? I have more confidence in the Nasdex and the SEC, so I assume they "passed muster" at some point. Nonetheless, one would think a company trying to attract investors would make their news releases a bit more explicit and at least respond to shareholder contacts. Just doesn't should like a class act...but as long as they make money, so what? I would still like to know if anyone has ever actually visited ICG. |
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Art Vandelay |
posted 11-29-1999 10:06 AM
I tried www.purchasingsolutions.com but it's someone else. No info about the investment on icge.com, either. Perhaps it's one of these companies: http://www.ps.to http://www.purchasingsolutions.ie |
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charlie1 |
posted 11-28-1999 04:37 PM
well, If you were able to contact them i'd assume they exist. I highly doubt they'd make up a fake company so they could start rumors about it. If you e-mailed ICGE recently you do need ro remember it is a holiday weekend and They VP might nor get to your e-mail for a while. As far ast the company itself I vaguely remember hearing a name like that before but it is a bit of a generic name, so I could be wrong. If you find anything more out let us know. charlie |
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dbmail |
posted 11-27-1999 08:20 AM
ICGE announced recently it had acquired a majority stake in "Purchasing solutions". I contacted PS and they knew nothing abut it. I e-mail ICGE's Investor Relations VP and got no response. Does this company really exist? |
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dude |
posted 11-11-1999 02:52 PM
Don't read too much into their quarterly earnings, because these can be heavily influenced by how much stock they sell following an IPO of one of their investments. |
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charlie1 |
posted 11-11-1999 09:57 AM
Earnings are coming out today. Zacks projects them at $0.18 a share. I wouldn't be suprised if they were a little higher. |
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netinvestor |
posted 11-05-1999 12:54 PM
Considering one of the big automakers is going to start putting e-mail consoles in some cars in 2001 ICGE's recent investment in traffic.com seems even better. Traffic.com provides real-time and predictive traffic information to businesses and consumers. Traffic.com collects and distributes data across a wireless network via the Internet and wireless or broadcast media. It will use the new infusion of $19 million in funding to facilitate having its information networked into a national transportation data center. ICGE has $22 million invested in this company overall |
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techbull |
posted 10-07-1999 10:18 AM
Perhaps I was wrong about ICGE? If all of the companies they own do as well as Breakaway Solutions did yesterday, their giant market cap could prove to be justified. But one company does not a trend make, so I'll wait patiently to see how their next few IPOs perform (both on the IPO day and in the subsequent months)... |
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infooverload |
posted 10-06-1999 05:07 PM
In your face CMG! Today, ICG must have made a pretty penny, since Breakaway Solutions, an e-business solutions provider they own a 50% stake in, went public at $14, and ended the day up 201% at $42 1/4. Not a bad return on their investment...still don't like their market cap?? (yes, I know I just simplified the argument way too much  ) |
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JHirsch |
posted 09-27-1999 09:51 AM
techbull, That is a good point which i didn't really make clear. I've always thought of ICG as a VC firm rather than a corporation and they really should be looked at as such. techwatcher, Jake |
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techwatcher |
posted 09-26-1999 04:12 PM
ICGE investors, check out Virtual Fund. A ground-floor public VC firm with a market cap less than one-hundredth that of ICG. http://www.virtualfund.com |
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techbull |
posted 09-23-1999 12:56 PM
I'd advise against reading too much into quarterly earnings fluctuations. ICG is more like a VC firm than a corporation, and earnings can change dramatically as they make investments and sales in specific companies. |
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JHirsch |
posted 09-23-1999 11:23 AM
Its a huge premium... This company is valued at way of $10 Billion! In this case the recent loss of about $11 million during the second quarter isn't that big of a deal, but after making money in the previous quarter it might not be a good sign. They are thinking more long term, and in the long term a lot of their holdings will surely have amazing gains. Are they worth over $10 billion? I don't know? jake |
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techbull |
posted 09-21-1999 09:20 AM
I suppose only time will tell. My impression is that the investors who are driving up CMG and ICG are the ones who feel cheated that they can't get in on internet IPOs before the big run-up, and think this is the way to do so. But they don't realize that they're paying an even bigger premium for these companies this way. (By the way, I didn't mean to imply that VCs are making uneducated guesses... nor am I.) |
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