Kursverdoppelung bei Actua Corporation (vorm. Internet Capital)

notiert nach wenigen Wochen schon mit 1,2 Billionen. Umsätzmäßig ist die Internet Capital-Beteiligung Metastorm, auch ein Softwareanbieter, nur ca. 20-25% kleiner, wenn auch nicht ganz so ertragreich. Auch hier kann jeden Tag ein Ipo gefilt werden. Internet Capital hält 32% an Metatstorm:

http://messages.finance.yahoo.com/...;mid=260627&tof=10&frt=2  

abschmieren - mein Kurziel ist ja schon mittelfristig ein Kurs in der Nähe der Kaufkraftparität = 1,10,

Und dann sieht der momentane Eurolurs von Internet Capital noch viel besser aus.  

müsste Internet Capital eigentlich hier hervorragend positioniert sein:

Global slowdown could see procurement outsourcing boom  

Posted: Wednesday, June 11, 2008, 11:41AM


Global slowdown could see procurement outsourcing boom

Procurement outsourcing is set to soar as global economic slowdown continues, a new report by NelsonHall has claimed.

The specialist business process outsourcing (BPO) analysts predict that the BPO market with reach $450bn by 2012, as businesses increasingly look to offshore outsourcing to minimise costs and take advantage of the growth opportunities available in the emerging markets.

This growth will, NelsonHall claims, be most evident in the financial services and telecommunications sectors as companies begin locating functions such as procurement and finance and accounting services within these emerging economies.

“This underlying strength in the BPO market is being amplified by the current economic slowdown, placing pressure on organizations across all sectors to review their efficiency in mature markets,” the report said.  

die folgenden Informationen über ICGCommerce, wo Internet Capital 65% hält:

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


PHILADELPHIA - Monday, March 09, 2009 - ICG Commerce, the leading procurement outsourcing specialist,
announced today that the amount of spend the company manages for leading companies spiked to $10.2 billion,
a 50% increase since September 30th of last year.  Driving this increase are new or expanded contracts with
industry titans including Whirlpool, Teva Pharmaceuticals, Goodyear, Cameron Industries 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.

“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, Inc.

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 (Nasdaq: ICGE)
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  

SEC rule on 'naked' short-selling now permanent
SEC makes emergency rule targeting 'naked' short-selling permanent
By Marcy Gordon, AP Business Writer
On Monday July 27, 2009, 2:25 pm EDT
Buzz up! 91 Print
WASHINGTON (AP) -- Federal regulators on Monday made permanent an emergency rule aimed at reducing abusive short-selling, put in at the height of last fall's market turmoil.

The Securities and Exchange Commission announced that it took the action on the rule targeting so-called "naked" short-selling, which was due to expire Friday.

Short-sellers bet against a stock. They generally borrow a company's shares, sell them, and then buy them when the stock falls and return them to the lender -- pocketing the difference in price.

"Naked" short-selling occurs when sellers don't even borrow the shares before selling them, and then look to cover positions sometime after the sale.

The SEC rule includes a requirement that brokers must promptly buy or borrow securities to deliver on a short sale.

At the same time, the SEC has been considering several new approaches to reining in rushes of regular short-selling that also can cause dramatic plunges in stock prices.

Investors and lawmakers have been clamoring for the SEC to put new brakes on trading moves they say worsened the market's downturn starting last fall. SEC Chairman Mary Schapiro has said she is making the issue a priority.

The five SEC commissioners voted in April to put forward for public comment five alternative short-selling plans. One option is restoring a Depression-era rule that prohibits short sellers from making their trades until a stock ticks at least one penny above its previous trading price. The goal of the so-called uptick rule is to prevent selling sprees that feed upon themselves -- actions that battered the stocks of banks and other companies over the last year.

Another approach would ban short-selling for the rest of the trading session in a stock that declines by 10 percent or more.

In addition to making the "naked" short-selling rule permanent, the SEC and its staff are working with major stock exchanges to make data on short-sale transactions and volumes publicly available through the exchanges' Web sites, the SEC announcement said. It will result in "a substantial increase" over the amount of information currently required, the agency said.

"Today's actions demonstrate the (SEC's) determination to address short-selling abuses while at the same time increasing public disclosure of short-selling activities that affect our markets," Schapiro said in a statement.  

der acht Kernbeteiligungen werden von mir am Donnerstag erwartet.

http://messages.finance.yahoo.com/...p;mid=260661&tof=7&frt=2

Denn der letzte Umsatz war mit 67,8 Millionen im ersten Quartal nicht unbedingt das Gelbe vom Ei - hier erwarte ich eine Steigerung auf 71 Millionen, ínsbesondere weil sich Metastorm nach einem Einbruch beim Umsatz im Januar und Februar wieder enorm berappelt hat. Starcite dürfte noch weiter etwas schwächeln, vielleicht auch Vcommerce - aber bei 6 von 8 Beteiligungen müsste es aufwarts gegangen sein.  

die jüngste Übernahme von IBM, die heute bekanntgeben wurde:

http://messages.finance.yahoo.com/...p;mid=260681&tof=1&frt=2


Würde die Internet Capital-Beteiligung, für die ein Ipo zur Debatte steht, genauso bewertet, wären die 32% Beteiligung von Internet Capital 115 Millionen Dollar wert.  

in deutscher Sprache:

http://www.n-tv.de/wirtschaft/IBM-kauft-SPSS-article437860.html  

http://stocks.investopedia.com/stock-analysis/...aspx?partner=YahooSA

Und Internet Capital wird davon profitieren.  

34% hält.  

http://messages.finance.yahoo.com/...60708&tof=2&frt=2#260708  

Ebitda der Kernbeteiligungen erstmals positiv, Umsätze leicht unter meinen Erwartungen, exzellente Ergebnisse für ICGCommerce und Metastorm - beide absolut iporeif.  

der wervollsten Beteiligung von Internet Capital:

Excellent second quarter of ICGCommerce     30-Jul-09 08:47 am     From the report:

"ICG Commerce is an outsourced procurement services provider. In the second quarter of 2009, ICG Commerce’s revenue grew to $19.5 million compared to $16.0 million in the comparable 2008 period. ICG Commerce’s EBITDA improved to $2.8 million in the second quarter compared to $2.0 million in the comparable 2008 period. ICG Commerce’s cash balance at June 30, 2009 is approximately $17.4 million. ICG has a 64% ownership position in ICG Commerce." Rating :
(No ratings) flankenking


61/Male



--------------------------------------------------

View Messages

Report Abuse


  Re: Excellent second quarter of ICGCommerce     30-Jul-09 08:52 am     Open Table, one of the last ipos has only 13 million revenues - onyl two third of the 19.5 million of ICGCommerce.

Market-cap of Open Table is 650 million:

OpenTable, Inc.(NasdaqGM: OPEN)
Real-Time: 29.69 0.18 (0.61%) 10:06am EThelp
Last Trade: 30.03
Trade Time: 2:48pm ET
Change: 0.16 (0.53%)
Prev Close: 29.87
Open: 29.99
Bid: 30.03 x 100
Ask: 30.09 x 100
1y Target Est: 31.33
Day's Range: 29.03 - 30.52
52wk Range: 25.00 - 33.76
Volume: 17,298
Avg Vol (3m): 95,200
Market Cap: 648.77M
P/E (ttm): N/A
EPS (ttm): -0.03


Take a look at the last quarterly numbers:

http://finance.yahoo.com/q/is?s=OPEN

We have 13-times-revneues by Open Table. Rating :
(No ratings) flankenking


61/Male



--------------------------------------------------

View Messages

Report Abuse


  Re: Excellent second quarter of ICGCommerce     30-Jul-09 08:54 am     If the revenues of ICGCommerce would have the same valuation like Open Table, the value would be one billion. My estimate of the value of ICGCommerce is between 300 und 350 million.

Internet Capital owns 64% = 200 - 230 million.  

wo Internet Capital 32% hält:

Excellent second quarter of Metastorm     30-Jul-09 08:58 am     Metastorm

Metastorm is an enterprise software and services provider that enables its customers to turn business strategies into business processes. Metastorm’s revenue grew to $17.5 million in the second quarter of 2009 from $17.3 million in the comparable 2008 period. Metastorm’s EBITDA improved to $1.0 million in the second quarter compared to a loss of ($1.3) million in the comparable 2008 period. Metastorm’s cash balance at June 30, 2009 is approximately $9.1 million. ICG has a 32% ownership position in Metastorm.

“Building on the progress made during the first half of this year, we expect our core companies to continue to report positive Aggregate EBITDA for the rest of 2009,” said R. Kirk Morgan, ICG’s Chief Financial Officer. Rating :
(No ratings) flankenking


61/Male



--------------------------------------------------

View Messages

Report Abuse


  Re: Excellent second quarter of Metastorm     30-Jul-09 09:39 am     Compare with one of the last software-ipos Solarwind.

Solarwind has market-cap of 1.29 million and by last quarterly reveneus of 24 million - Metastorm have near 75% of this revenues.

Last Trade: 19.83
Trade Time: Jul 29
Change: 0.00 (0.00%)
Prev Close: 19.83
Open: N/A
Bid: N/A
Ask: N/A
1y Target Est: 19.17
Day's Range: N/A - N/A
52wk Range: 0.00 - 20.49
Volume: 600
Avg Vol (3m): 781,606
Market Cap: 1.29B
P/E (ttm): 38.65
EPS (ttm): 0.513
Div & Yield: N/A (N/ Rating :
(No ratings) flankenking


61/Male



--------------------------------------------------

View Messages

Report Abuse


  Re: Excellent second quarter of Metastorm     30-Jul-09 09:40 am     After my estimates value of Metastorm is about 300 million.

Internet Capital is owning 32%.  

http://www.internetcapital.com/pdf/presentations/webcast2Q09.pdf  

sind schon so viel wert wie die Marktkapitalisierung:

http://messages.finance.yahoo.com/...60720&tof=6&frt=2#260720  

Metastorm wäre genau so geeignet und für 300 bis 400 Millionen Dollar billiger und vermutlich einfach zu haben, da es nur wenigen Wagnisfinanzierern gehört und man kein Aktienübernahmeangebot wie bei TIBCO machen müsste. Internet Capital ist an Metastorm mit 32% beteiligt.

Should SAP Go Shopping for Acquisitions?
By Anders Bylund
July 29, 2009 | Comments (3)


I wonder if SAP AG (NYSE: SAP) isn't trying to copy IBM's (NYSE: IBM) best ideas these days.

SAP CEO Leo Apotheker, commenting on this morning's second-quarter earnings report, said that he was "excited about the new products that we are delivering to our customers, solutions that provide them more transparency and clarity into their businesses, which are especially crucial in times like these."

Remind you of anything? I'm thinking of how IBM is buying SPSS (Nasdaq: SPSS) in order to boost its predictive powers. SAP is a player in the data mining sector where SPSS makes its bread, as is archrival Oracle (Nasdaq: ORCL), alongside a host of smaller operations.

Are Apotheker's musings a sign of the business intelligence and analysis market rising to prominence right now?

SAP's own business could sure use a catalyst of some sort right now -- sales in constant currencies fell 14% year-over-year to $3.6 billion, worse than Oracle's 5.5% decline or IBM's 13% fall over their closest comparable periods. Adjusted earnings per share fell 2% year over year, comparable to Oracle's performance but far behind Big Blue. The German enterprise software giant has about $4.8 billion of liquid assets on hand, so a sizable acquisition wouldn't be out of order.

Among the potentially available small-cap business intelligence specialists that could keep SAP apace with IBM's buyout-hungry ways, a couple of names deserve at least a passing glance:

SPSS rival Fair Isaac (NYSE: FIC) would raise SAP's public profile in North America, but the company's narrow financial focus may be too niche for SAP.
Teradata (NYSE: TDC) might be a more logical target for SAP, thanks to a wider range of products in the fields of data storage, information management, and deep analysis. But it's not the bite-sized tidbit that Fair Isaac is, and is too big for SAP to buy out of its own wallet.
But TIBCO Software (Nasdaq: TIBX) looks like the best of both worlds. The company is small enough to be affordable, yet innovative enough to provide SAP with a real edge on the business information battlefield. And if SAP won't bite, maybe Larry Ellison will. Even the Switzerland of enterprise computing must have a price.
Mergers and acquisitions are all the rage right now, and it would behoove SAP to get in while the getting is good. Ready to spend some Euros to make some Euros, Mr. Apotheker?

Further Foolishness:

Should You Buy TIBCO Today?
This Is the Market's Cheapest Stock
5 Stocks to Tap the Coming Rally  

auf den Tisch legen, obwohl die Kunden teilweise deckungsgleich sind, von den Funktionen liefert aber Metastorm den gleich Nutzen.  

ist, erkennt man daran, dass sie selbst im letzten Quartal 22% gegenüber dem Vorjahr gewachsen ist - vergleicht das einmal Ariba:

http://finance.yahoo.com/news/...-for-bw-1751271322.html?x=0&.v=1

Im Gegensatz zu ICGCommerce machen die allerdings nicht nur Procurement Outsourcing, sondern verkaufen auch Software für die Beschaffung.  

Meinung nach binnen eines Jahres verzehnfachen:

http://www.go-dove.com/company/InvestorRelations/...ement%20FINAL.pdf

Vergleicht das einmal mit den Preisen, die für deutsche Internetklitschen bezahlt werden, die Bruchteile des Umsatzes machen.  

Na dann hoffen wir mal das es aufwärts geht  

http://finance.yahoo.com/...hlcvalues=0;logscale=off;source=undefined

Richtig ist allerding, dass das erst der Anfang ist.  

in Schwung:

Re: News from Channelintelligence     29-Jul-09 10:10 am     Channel Intelligence Helps Retailers Achieve 57 Percent Increase in Sales from Google Product Search the First Half of 2009 Over the Same Period in 2008

Orlando, FLA. - (July 29, 2009) - Channel Intelligence (CI), the leader of performance marketing services for retailers, manufacturers and other advertisers, today announced that its clients are experiencing significant growth with Google Product Search despite recent talk within the retail community about dramatic declines in traffic and sales. While other retailers have reported declines of 60% or more in June, CI clients had a 10% increase in traffic over May and a 27% increase in sales.

As Google tests new ways to improve its natural and paid search programs, the traffic and sales from Google Product Search are often affected. CI has been able to take advantage of these changes through continuous testing of techniques for optimizing product content for its clients. In addition, CI has marketing experts that are constantly monitoring and analyzing these results for individual clients and across the entire industry using CI's advanced analytics. This combination of data technology and marketing expertise has results in consistent growth in this marketing channel.

Instawares, IR. No. 248,has enjoyed the benefits of listing its products on Google Product Search through CI. In fact, over the past year, Google Product Search has been responsible for 9.4 percent of Instawares' site traffic. Bruce Brown, CEO of Instawares adds, "With CI's help Google has been a high performing sales channel for us. Comparing the first half of this year to the first half of last year, traffic from Google Product Search was up 42 percent and sales up 21 percent."

Rob Wight CEO of Channel Intelligence further adds, "Ultimately, success with Google Product Search results from highly optimized product content that allows consumers to find the products they want to purchase. Since the beginning, we have been focused on improving our client's data through our patented optimization technology, providing better results than the do-it-yourself approaches offered by other providers."

Retailers interested in learning more about SellCast® Solutions should send an email to: sellcast@channelintelligence.com.

About Instawares, LLC:
Instawares, ranked number 248 in the 2009 Internet Retailer Top 500 list, is an e-Commerce company selling restaurant, office and janitorial/sanitation supplies. Founded in October 2002, Instawares has become one of the leading foodservice suppliers in North America through tremendous growth and deep market penetration. Instawares distributes more than 200,000 products from over 300 suppliers through a unique platform that caters to national, regional and independent accounts. Instwares, LLC also owns and operates InstaOffice.com, SuiteSupply.com and BrightShine.com to cater to office managers, hotels and motels and the janitorial and sanitation markets. For more information, visit http://www.instawares.com. Rating :
(No ratings) flankenking


61/Male



--------------------------------------------------

View Messages

Report Abuse


  Re: News from Channelintelligence      1-Aug-09 04:53 pm     Retailers report increased sales, conversions and return on ad spend
Online marketing company Channel Intelligence says its jewelry, apparel and sporting goods retail clients increased their return on ad spend in the second quarter compared with Q1. Jewelry retailers showed the largest jump with a 78% increase in return on ad investment. Apparel clients showed a 32% increase, while sporting goods retailers showed a 49% increase.

Jewelry retailers that use Channel Intelligence reported a 28% jump in sales from Q1. Order volume also increased 20% for the category, Channel Intelligence says. In response to the sales increase and a 20% drop in average cost per click, Channel Intelligence says its jewelry clients increased their ad spending during the quarter.

Apparel retailers’ order volume rose 31% quarter over quarter, and their return on ad spend rose 32%. The vendor’s apparel customers boosted their ad spending by 39% in Q2 and the average number of units sold in the category rose 33%.

Meanwhile, sales for Channel Intelligence sporting goods retailers rose 18% and the category showed a healthy 49% increase in return on ad spend. Average cost per click dropped 14% in the second quarter while clicks rose 48% for sporting goods retailers. Sales stemming from online shopping engines also increased by 29% for the vendor’s sporting goods retailers.

"We`re very excited that on average our customers achieved positive quarter-over-quarter growth in key performance metrics such as sales, conversion rates and return on ad spend," says Lanny Tucker, Channel Intelligence senior vice president of sales and marketing. "While our economy is trying to recover, we continue to monitor industry trends to make sure we are providing the best possible management and support for our clients` shopping channel campaigns. We are optimistic that the online shopping environment will continue to offer growth opportunities for  

kommt jetzt auch Starcite wieder in Schwung:

http://messages.finance.yahoo.com/...60722&tof=1&frt=2#260722

60 Millionen Umsatz in 2009 sind trotz der beiden ersten nicht ganz so starken Quartal noch möglich. Mit einem IPO dieser bereits profitablen Unternehmung rechne ich allerdings erst frühestens Ende 2010, wenn man die 100-Millionen-Grenze in greifbarer Nähe hat. Ein Verkauf an ein größeres Unternehmen wie z.B. Expedia oder American Express ist auch schon früher möglich.  

ein Kaufargument. Denn Währungen bewegen sich langfristig immer zur Kaufkraftparität hin, die momentan zwischen 1,10 und 1,15 liegt.