Kursverdoppelung bei Actua Corporation (vorm. Internet Capital)

Internet Capital owning 31% of Freeborders - now more than 1000 employers      5-Mar-09 07:00 am     Freeborders Strengthens Global Footprint with Opening of New Delivery Center in Wuxi, China




Expansion in China Attracts Shanghai's Top Talent and Addresses Increasing Client Demands to Diversify Risk



SAN FRANCISCO, California. March 5, 2009 - Freeborders, Inc., the leading global provider of offshore www.freeborders.com [IT services and solutions] delivered from centers of excellence in China, today announced the opening of a new delivery center in Wuxi, China. The 22,000-plus square foot infrastructure will provide application development, maintenance and support to Freeborders U.S., Europe, and Asia clients.



With the capacity for over 250 resources, this facility in Wuxi New District (formerly Wuxi High-tech Industrial Development Zone) will complement the IT services offered in the company's established centers in San Francisco, New York, Hong Kong and Shenzhen, China. The expansion facilitates Freeborders' growth, provides additional business continuity capabilities, and attracts seasoned talent from the nearby Shanghai region bringing the company's total resource capacity to greater than 1000.



"The Wuxi government is proud to have leading United States-based outsourcing leaders like Freeborders accelerate the growth and innovation of the city's high-tech zone," said Mr. Wei Fang, Deputy Mayor, Wuxi Municipal Government. "We are eager to support Freeborders' expansion plans and look forward to helping them attract top talent in the region, further enabling the Wuxi New District to become the leading park in China for the development of outsourcing."





Wuxi New District (WND) is located in the southeastern part of Wuxi City, Jiangsu province. As a high-tech industrial park, it gained state-level endorsement in 1992. The major industries at WND include electronics, information technology, electromechanical engineering, bioengineering, new materials and fine chemical engineering.



"Since China is a strong IT outsourcing environment, many organizations have made it a fundamental part of their diversified global sourcing strategy," said Jean Cholka, Chief Executive Officer of Freeborders. "We are excited to expand our Asian operations with the opening of our new state of the art facility in Wuxi. As a US-based corporation, Freeborders is able to offer its clients all the benefits of http://www.freeborders.com/why-china.htm... [IT outsourcing from China] while avoiding the assumed risks of dealing with an outsourcing provider that is based overseas."



About Freeborders
Freeborders is the leading global provider of offshore IT services and solutions delivered from centers of excellence in China. Privately held and based in San Francisco, CA, Freeborders is recognized for offering best practices in outsourcing by combining its award-winning global delivery model, CHINDUS, with its governance model ATLAS. Freeborders provides a full suite of services that encompass all phases of a project lifecycle including strategy, design, development, testing, implementation integration and extended support. Freeborders is assessed at Level 5 of the SEI's CMMI, and is ISO 27001 certified. To learn more, visit www.freeborders.com  

schon:

The expansion facilitates Freeborders' growth, provides additional business continuity capabilities, and attracts seasoned talent from the nearby Shanghai region bringing the company's total resource capacity to greater than 1000.  

günstig in Frankfurt.  

noch nie gepreist.

Börse
Frankfurt

Aktuell
3,00 EUR

Zeit
06.03.09  09:08

Diff. Vortag
-4,76 %

Tages-Vol.
--

Gehandelte Stück
0

Geld
3,00

Brief
3,01

Zeit
06.03.09  09:08

Spread
--

Geld Stk.
1.000

Brief Stk.
1.000

Schluss Vortag
3,15

Eröffnung
3,00

Hoch
3,00

Tief
3,00

52W Hoch
6,87

52W Tief
2,20

Split (10.05.04)
20:1

Split (13.12.99)
1:2  

sind ihre Leerverkaufpositionen zur Verteidigung der Kurs-Range zu erhöhen, sollte man bis zum Shortsquezze dabei sein.  

http://messages.finance.yahoo.com/...58701&tof=3&frt=2#258701  

"Despite the troubled economy, business process management (BPM) software products seem to be headed for robust growth. Gartner  estimates the 2008 market at $1.26 billion, growing to $5.1 billion by 2011. Other analysts also are converging on the $5 billion to $6 billion target although the definitions of the BPM market vary somewhat."

Als umsatzstärkste der acht Kernbeteiligungen hatte Metastorm laut dem letzten Quartalsbericht von Internet Capital einen Umsatz zwischen 70 und 80 Millionen in 2008. Wenn Metastorm auch nur mit dem Markt wächst, wird sich der Umsatz bis 2011 auf 300 Millionen vervierfacht haben. Und durch Zukäufe können es noch mehr werden, denn nach einem IPO in den letzten Monaten von 2009 oder anfangs von 2010 könnte Geld in die Kasse fließen.

Internet Capital hält 32% an Metastorm.  

in Frankfurt:

Börse
Frankfurt

Aktuell
3,04 EUR

Zeit
06.03.09  15:48

Diff. Vortag
-3,49 %

Tages-Vol.
8.168,00

Gehandelte Stück
2.700

Geld
2,80

Brief
2,85

Zeit
06.03.09  17:39

Spread
--

Geld Stk.
2.000

Brief Stk.
2.000

Schluss Vortag
3,15

Eröffnung
3,00

Hoch
3,04

Tief
3,00

52W Hoch
6,87

52W Tief
2,20

Split (10.05.04)
20:1

Split (13.12.99)
1:2

Momentan liegt die Marktkapitalisierung 20 Millionen unter dem Kassenbestand des weitgehend schuldenfreien Unternehms. Das Hauptgeschäft mit einem vorsichtig angesetzten Wert von 400 bis 500 Millionen gibt es gratis dazu.  

das nicht 20Mio MK, ich komme auf ca.135MIo MK heute, keine Ahnung wie sich 20Mio zusammensetzen sollen.  

= 116 Millionen, denn Deiner Berechnung liegen 38 Millionen umlaufende Aktien zugrunde. Internet Capital hat aber ein 25 Millionen-Rückkaufprogramm laufen - das die Zahl der umlaufenden Aktien um fünf Millionen Stück reduziert. Am 31.12.2008 waren von den von mir angenommenen 5 Millionen Stück bereits 2 Millionen zurückgekauft - und es bei den niedrigen Kursen der letzten sieben Wochen wohl anzunehmen, dass sogar die Penner im Vorstand von Internet Capital den restlichen Rückkauf fast geschafft haben könnten.

Recht hast Du allerdings, dass ich auch einen Rechenfehler gemacht habe, denn die Marktkapitalisierung ist "nur" 10 Millionen kleiner als der Kassenbestand - nicht wie von mir einmal gepostet 20 Millionen. Da muss ich mich an einer Stelle um 10 Millionen verrechnet haben.  

die Verkäufer zu kennen. Ich vermute, dass der Shortseller momentan Opa's letzte Nummer reiten - ganz auszuschießen, dass Hedge-Fund oder eine Bank auf einen Schlag verkaufen müssen, ist aber auch eine Möglichkeit.

Aber ganz egal, was Sache ist, man sollte kaufen. Warum die über Blackboard nichts veröffentlichen? Schwierig zu sagen, vielleicht haben die Penner im Management aber auch den 25-Million-Dollar-Rückkauf noch nicht abgeschlossen und freuen sich über die niedrigen heutigen Kurse.  

die Ratten verlassen das sinkende Schiff.

daja das Managment unlängst 36K zugekauft hat, dass werden vielleicht Optionen sein?  

Stockholders' equity 247,507,000

- und das obwohl sie den Wert der 15 Beteiligungen mit einem Marktwert von 400 bis 500 Millionen auf ca. 100 Millionen abgeschrieben haben.

Die 115 Millonen heutige Marktkapitalisierung sind gerade einmal etwas mehr als 45% des Eigenkapital. Das ist absurd, da vergleichbare börsennotierte Unternehmen mit dem 3 bis 5-fachen des Eigenkapitals bewertet werden.  

und das wird gerade eingepreist.

Im übrigen tendieren die  Beteiligungen von ICGE im aktuellen Umfeld gegen Null $.

Das Eigenkapital von Internet Capital war vor fünf Jahren noch negativ und beträgt momentan eine Viertelmillidarde Dollar bei Schuldenfreiheit - die Marktkapitalsierung liegt dagegen bei 115 Millionen, also gerade einmal bei 36% des Eigenkapitals. Bei vergleichbaren Technologie- und Internetunternehmen beträgt dagegen die Marktkapitalisierung 300 des Eigenkapitals bzw. des Buchwertes.

Über den Wert der einzelnen Beteiligungen könnt Ihr Euch sehr gut auf der folgenden Seite in allen Details informieren. Wenn Ihr Euch die erste Adresse ansieht, die Mitschrift des Quartalsbericht, könnt Ihr auf einer der letzten Seite dieser Power-Point-Presentation auch die Unsätze der acht Kernbeteiligungen entnehmen:

http://messages.finance.yahoo.com/...58701&tof=8&frt=2#258701

Ein Wert zwischen 400 und 500 Millionen für die privaten Beteiligungen bei extrem der momentanen Wirtschaftslage angepasster Schätzung wird Euch dabei sicher nicht entgehen.  

wert sind, kann man am besten erkennen, wenn man sich konkret einmal mit einer der 15 Beteiligungen genauer beschäftigt. Ob ICGCommerce einen Wert von null hat oder einen von 300 Millionen könnt Ihr sicher selber beurteilen.

http://messages.finance.yahoo.com/...58884&tof=1&frt=2#258884  

zu ICGCommerce:

http://www.scdigest.com/assets/On_Target/...id=2132&ctype=content

Dabei sollte ihr Euch vor allem die Konkurrenten von ICGCommerce ansehen und ihre Bewertungen im Vergleich zu ICGCommerce.  

Tag um in Frankfurt einzukaufen. Schon am Freitag haben einige die Chancen genutzt - wobei man nicht zu sehr auf den allerbilligsten Einstieg setzen sollte, sonst verpasst man den Jump nach oben.

Denn eine Marktkapitalisierung von 10 Millionen niedriger als die Cash und weniger als 40% des Eigenkapital gibt sonst nirgendwo. Das gilt umso mehr, als Internet Capital weitgehend schuldernfrei ist.  

http://messages.finance.yahoo.com/...58701&tof=1&frt=2#258701

Und Kostolanys Rezept beachten: Kaufen, einschlafen und beim Aufwachen ............. (nach ihr wisst schon).  

Kostolany auch eingeschlafen und .................

....................... nie wieder aufgewacht.

die in 2008 beim Umsatz zwischen 50 und 60 Million lagen und in 2009 etwas 70 Millionen erreichen werden, wenn es nur beim organischen Wachstum bleibt. In besseren Börsenzeiten wäre damit auch Starcite ein heißer IPO-Kandidat, da er die Latte von einer viertel Milliarde Marktkapitalisierung überschreiten dürfte:

To plan big meetings, firms turn to software to cut costs
By Dave Copeland
Globe Correspondent / March 2, 2009
Email| Print| Single Page| Yahoo! Buzz| ShareThisText size – + Last year, two separate offices of Boston Capital Group started making plans for a meeting at an undisclosed European city. Unbeknownst to each other, the offices had begun negotiating for meeting space with the same hotel.

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When the glitch was discovered, the company was looking at two contracts with a 12,000 euro difference in the rate being quoted. The company finalized the lower offer, but it's a discrepancy that may have never been caught if the company hadn't used StarCite, a Web-based platform that aims to cut costs and eliminate inefficiencies for meeting planners.

"It works for us on three levels," said Corry Leigh, global meetings manager for Boston Capital, which has 3,900 employees spread across 66 offices in 38 countries and for two years has been using StarCite to plan internal meetings and meetings with clients. "It increases efficiency, it lowers costs, and it lowers risk . . . we've seen tangible cost savings."

The average firm spends between 1 and 3 percent of its revenue on meetings - everything from the quick, local client meeting to the big trade show - according to StarCite, based in Philadelphia and founded 10 years ago.

Kevin Young, the company's vice president of marketing, likens what StarCite does for meeting planners to what one-stop travel sites like Orbitz, Expedia, and Travelocity do for leisure travelers.

"Meeting spending, and finding a way to control it, has always been seen as the last frontier for the travel industry," Young said.

And given the economic recession, more companies than ever are looking to reduce travel expenses. The privately held firm does not disclose revenue figures, but said it had double-digit revenue growth in 2008 and fourth-quarter bookings that were 40 percent higher than in the third quarter.

"Companies still need to meet with clients, but they need to be more efficient in doing so," Young said.

StarCite said it has more than 400 customers, mostly meeting planners like Leigh. Clients are linked through StarCite to 93,000 service providers around the world: hotels, convention centers, and other destinations. Using software developed by the company, a planner can issue requests for proposals and track the progress of contracts. The software also produces itemized reports to show how money budgeted for meetings is being spent.

"When you book travel, its fairly straightforward - you can track costs with a few airlines and a few hotels," Young said. "But meetings are different. You often have different procedures between different departments in the same company, and it's hard to see if they money is being spent well."

Such systems, however, may have shortcomings, particularly when they're used to plan bigger meetings, said Fay Beauchine, president of the events group at Carlson Marketing. The Minneapolis firm has been planning meetings and events for seven decades.

Beauchine said booking meetings through a website eliminates opportunities for meeting planners to negotiate. For bigger events, she said, "You have to pick up the phone."

"Ultimately, this is a people business," Beauchine said. "It boils down to the relationships you have. With the more complex meetings, it's never black and white - a computer can't negotiate, so once you're quoted a price, that's the price you're stuck with."

But according to Boston Capital, StarCite has not only made shopping for meeting space more competitive for the company, it has helped eliminate oversight problems within the company.

"We didn't have procedures in place that were being consistently followed in each of our offices," Leigh said of the firm's meeting planning before it started using StarCite. "We also didn't have a centralized database of service providers we could go to for comparisons."

© Copyright 2009 Globe Newspaper Company.  

Internet Capital hält 65% an ICGCommerce:

ICG Commerce Increases Spend Under Management 50% to More Than $10 Billion Since Start of Economic Crisis
Results Underscore Trend of Fortune 1000 Companies Increasingly Looking to Procurement Outsourcing to Maximize and Accelerate Cost Reductions

Monday March 9, 2009, 10:00 am EDT
   

PHILADELPHIA, PA--(MARKET WIRE)--Mar 9, 2009 -- ICG Commerce, the leading procurement outsourcing specialist, announces today that the amount of spend the company manages for leading companies spiked to $10.2 billion, a 50% increase since Sept 30th of last year. Driving this increase are new or expanded contracts with industry titans including Whirlpool, Teva Pharmaceuticals, Goodyear, Cameron International and a leading software provider. These contracts are collectively worth $136 MM in total contract value, a 50% increase over the total value contracted during the full year 2007.

Related Quotes
Symbol Price Change
ICGE 3.64 +0.19


{"s" : "icge","k" : "c10,l10,p20,t10","o" : "","j" : ""} "As current economic conditions force companies to seek additional ways to cut costs, results-oriented leaders are turning to procurement outsourcing," said Carl Guarino, Chief Executive Officer, ICG Commerce. "Our recently accelerated customer activity is a testament to our proven ability to deliver hundreds of millions of dollars in savings that drop straight to the bottom-line."

According to the research and advisory firm, The Everest Group, procurement outsourcing delivers 5 times more savings than other outsourcing endeavors, like IT or HR outsourcing. Unlike these other outsourcing solutions, which focus on headcount reductions through technology and labor arbitrage, procurement outsourcing focuses on driving down the costs of purchased goods and services. For many companies these purchases, which fall into categories, like logistics, marketing services, IT/telecom, packaging and travel represent over $1 billion of expenditures.

"Globalization and outsourcing are megatrends that are accelerating dramatically in today's economic climate," says The Hackett Group's Procurement Research Director, Pierre Mitchell. "Our recent 2009 Procurement Key Issues study indicates that 50% of Procurement organizations plan to use BPO as part of their globalization efforts."

For nearly a decade, ICG Commerce has focused on helping Fortune 1000 clients like Kimberly-Clark, Hertz, Chiquita, Greif and many others expand and accelerate aggressive cost reduction programs. ICG Commerce delivers savings by infusing sourcing specialists who bring deep category expertise and access to intelligence data that compounds as they work across numerous Fortune 1000 companies.

About ICG Commerce

ICG Commerce is the leading procurement outsourcing specialist delivering comprehensive source-to-pay services. Results-driven leaders access ICG Commerce's experienced resources and market intelligence to better manage procurement and logistics spend, gaining significant savings and enhanced visibility and control.

ICG Commerce is a privately held company founded in 1992 and a member of Internet Capital Group's (NasdaqGM:ICGE - News) network of partner companies. The company has earned recognition from Forbes, Fortune, The International Association of Outsourcing Professionals (IAOP) and leading industry analysts for its leadership in procurement outsourcing. For more information: www.icgcommerce.com  

Dollar wert:

Re: The big winner of the economy crisis is     15 second(s) ago     I increase my estimates for the revenues of ICGCommerce. Revenus in 2008 was between 60 and 70 million and my estimates was 75-80 million in 2009. Now I increase my estimates for the revenues in 2009 from 75-80 million to about 90 million.

Worth of ICGCommerce by an sale will be about 350 million. And Internet Capital is owning 65%. Rating :
(No ratings) flankenking


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und nicht erst nach dem Jump.

Denn das Risiko nach unten ist sehr gering, denn Internet Capital ist weitgehend schuldenfrei, hat Cash/Wertpapiere in Höhe der Marktkapitalisierung und das Eigenkapital ist zweieinhalbmal so hoch wie die Marktkapitalisierung. Die anteiligen Umsätze der Beteiligungen liegen bei ca. 160 Millionen in 2009, die mit Null statt mit angemessen 400 bis 500 Millionen bewertet werden.