Kursverdoppelung bei Actua Corporation (vorm. Internet Capital)

Starcite, wo Internet Capital 35% hält, denen es im zweiten Quartal offensichtlich wieder gelungen ist, trotz Wirtschaftskrise auf den Wachstumspfad zu gelangen:

StarCite’s Record Client Expansions Helps Company Reach New Milestones

Tuesday,Aug 25


StarCite’s Record Client Expansions Helps Company Reach New Milestones In Second Quarter

Achieves Record Q2 Client Expansions Amidst Recession As Companies Expand Strategic Meetings Management Programs and Hotels Seek High-Quality Leads


Philadelphia, PA – August 25, 2009 – StarCite, Inc., the leading provider of Web-based solutions to strategically manage corporate meetings and events, today announced that the company set a new record for client expansions during the second quarter of 2009, driven by the growth of strategic meetings management programs by current customers to increase global savings and control over their meetings investment. StarCite also added to its roster several new marquee clients including a Fortune 500 financial institution, a leader in higher education and a global eye care manufacturer.


With its continually expanding client base, StarCite broke the 10 million mark for attendee registrations and the four million mark for total meeting electronic request for proposals (eRFPs) processed since the company’s inception in 1999. After reaching one million RFPs in 2006, it took StarCite just three years to quadruple its RFP volume.


“We selected StarCite because they are the gold standard in meetings technology,” said Louann Cashill, Meeting Services Manager at Toyota Motor Sales, U.S.A. Inc. in Torrance, California. “The breadth and depth of supplier participants in their Marketplace is unsurpassed and their platform will allow us to reduce costs and use our resources more efficiently, helping us to maintain a robust meetings program.”


“StarCite provides the only meetings technology solution combined with strategic meetings management consulting that fully addresses the needs of global organizations. Our account management team is the most experienced in the industry and knows how to help drive value for our clients,” said Elizabeth McNulty, StarCite’s senior vice president of global account management.


“StarCite has been an indispensable partner for growing our meetings and events business,” said Michael Beardsley, vice president of global sales, North America, Accor Hospitality. “While the sheer volume of potential business flowing through StarCite’s platform is extraordinary, even more impressive from our point of view is the quality of the RFPs they deliver. StarCite brings real meetings business to our doorstep – period – and they do it in a very cost-effective and efficient manner.”


This year also marks the first time the number of non-U.S. hotels and suppliers participating in the StarCite Marketplace has exceeded the number of domestic participants, underscoring the rapid international expansion and adoption of the StarCite strategic meetings management model.


“Our achievements in 2009 show how companies are using the downturn as an opportunity to realize new levels of savings and control over their meetings spend,” said Greg Dukat, StarCite’s chief executive officer. “Companies are turning to our technology and services so they can manage meetings like they manage other large spend categories – providing visibility, control and savings in an area that is historically unmanaged. Perhaps most gratifying is that more current customers have expanded their SMM programs with us than ever before.


“In addition, because so many of the world’s biggest companies now use StarCite, our hotel and supplier partners rely on us to deliver real business – strong leads that they can convert directly into growing sales,” Dukat continued. “The suppliers in the StarCite Marketplace will be the direct beneficiaries of our growth as our RFP volume continues to expand and the quality of the leads we deliver becomes even richer.” Rating :
(No ratings) flankenking  

von 8 Milliarden Dollar über den Marktplatz von Starcite geflossen. Allerdings liegen hier die Provisionen sehr viel niedriger als bei Einzelreiseportalen, wo für das Portal zwischen 5% und 10% anfallen. Beim Marktplatz von Starcite dürften es vielleicht ein halbers Prozent sein, wenn man von etwas mehr als 60 Millionen Umsatz in 2008 berücksichtigt und der Tatsache Rechnung trägt, dass der Marktplatz ja nur eines der Betätigungsfelder von Starcite ist. Durch die Neuabschlüsse in 2009, gerade in den letzten Wochen, dürfte man in diesem Jahr über die 10-Milliarden-Grenze kommen. Das ist zwar nicht mehr das Wachstum vergangener Jahre - aber da war ja auch die Wachstumsbasis sehr viel kleiner.

"Within StarCite’s online marketplace, where corporate buyers from hundreds of Fortune 500 companies and many others can link up with more than 93,000 hotels, destinations and meeting suppliers. In 2008, corporate meetings business representing an estimated $8 billion passed through the StarCite electronic marketplace."

After my estimates and some new clients there will pass more than $10 billion trough the Starcite electronic marketplace.  

-Aktien, die momentan einen Wert von ca. 76 Millionen haben, aber relativ schnell auf über 100 Millionen steigen dürften.

President Obama Advocates Higher Education For Everyone: Which Stocks Will Benefit from His Advice?
On Tuesday September 8, 2009, 9:45 am EDT
      Buzz up! Print
Companies:American Public Education, Inc.Apollo Group Inc.Blackboard Inc.
67 WALL STREET, New York - September 8, 2009 - The Wall Street Transcript has just published its Education Report offering a timely review of the sector to serious investors and industry executives. This 57 page feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Related Quotes
Symbol Price Change
APEI 34.90 +0.22

APOL 65.16 -0.41

BBBB 34.70 +0.10

BPI 16.28 +0.71


{"s" : "apei,apol,bbbb,bpi","k" : "c10,l10,p20,t10","o" : "","j" : ""} Topics covered: Management Teams -- Secular Trends -- Regulatory Concerns -- Focus on Quality -- Developing Postsecondary Education Programs -- Growth in Postsecondary Education -- Online Education -- International Students -- Student Funding -- Execution Risk -- Management Transition -- Acceleration of Enrollment Rates -- Return on Invested Capital -- Long Term Prospects -- Regulatory Uncertainty -- Valuation Levels -- Stafford Loans -- Earnings Growth -- Opporunity for Growth -- For-Profit Institutions -- Nontraditional Students -- Postsecondary Tuition -- Domestic Players -- Jobs Market -- Decline in Stock Prices -- Fundamental Trends -- Valuation Levels -- Postsecondary Education in China -- Global Education -- Growth Prospects

Companies include: SkillSoft plc (SKIL); Rosetta Stone Inc. (RST); American Public Education Inc. (APEI); Apollo Group Inc. (APOL); Bridgepoint Education Inc. (BPI); Career Education Corp. (CECO); Capella Education Co. (CPLA); DeVry Inc. (DV); ITT Education Services Inc. (ESI); Grand Canyon Education Inc. (LOPE); Strayer Education Inc. (STRA); Blackboard Inc. (BBBB) and Universal Technical Institute Inc. (UTI); Corinthian Colleges (COCO); Lincoln Educational Services (LINC); School Specialty (SCHS); New Oriental Education & Technology Group (EDU); Princeton Review (REVU)

In the following brief excerpt from just one of the 14 interviews in the 57 page report, industry expert stock pickers discuss the outlook for the sector and for investors.

Brandon Dobell joined William Blair & Company, LLC, in 2007, and is a Chicago-based Analyst and Co-group Head specializing in the educational and business services industries. Mr. Dobell was previously Group Head, Global Services Research, at Credit Suisse. He also worked in equity research at Bank of America Securities covering business and education services companies. Mr. Dobell has an MBA in finance from the University of Southern California Marshall School of Business and B.A. degrees in history and political science from the University of California, San Diego.

Corey Greendale is a Vice President of First Analysis Securities Corporation in Chicago. He specializes in research and investment in education, training, knowledge-based and environmental infrastructure businesses. His work has been cited for excellence in the Wall Street Journal's "Best on the Street" survey as well as in Forbes and the Financial Times. Prior to joining First Analysis in 2000, Mr. Greendale was a development analyst at Systema Corp., where he designed training programs for several large pharmaceutical companies. He earned an MBA with high honors from the University of Chicago and a bachelor's degree from Stanford University, where he graduated Phi Beta Kappa.

TWST: What is your overall advice right now to investors in this space and what are your top-rated names?

Mr. Greendale: Overall, we think the valuations in the sector are still suppressed by regulatory concerns that we think are overblown. We think there are a lot of things going for the sector. The community colleges are underfunded, all the economic factors we talked about that are driving people back to school, funding sources are increasing, like the Pell Grant and the new GI bill. So we think it's a good time to be investing in the education sector. While there are some variations by company, the valuations are still attractive by historical standards because of all these potential regulatory concerns that we think are overblown. One name we like is DeVry. We think they are well-positioned to continue growing at a steady rate, and their philosophy is to have more steady growth, high growth but measured growth. We think it's a good long-term approach, and we think they're not getting credit for the leverage in the business if they just keep doing what they've been doing. They recently acquired a chain of schools that focuses on shorter degrees, with a lot in the health care arena they can introduce to their existing facilities and attract different segments of the population, and improve capacity utilization. Another one I would point out is Strayer, their stock also hasn't reacted positively recently despite very strong and better-than-expected earnings. They're only in 15 states right now, so you have visibility on an extended period of good growth as they continue their steady march across the United States. It's a strong business model and a strong management team. It's not cheap on an absolute basis, but we think it's very interesting considering its long-term prospects.

Mr. Dobell: I think I'd echo the comment that this group will be a lot higher in 12 months through a combination of regulatory concerns that are a little bit overblown and good fundamental performance across the group. It's not going to be a steady smooth path up, there is always noise around particular items, but I do think fundamentals here support much higher stock prices. One of the things we talk about it with investors is to put yourself in the way of where secular job growth is, where you have less competition from non-profits and very good visibility into to the student job proposition. And those job sectors, for us, would be health care, education, some parts of information and criminal justice. Those are areas where we feel pretty confident in job creation over the next few years. We feel confident that the competition from traditional schools is pretty easy to manage. Given the salary transparency and union jobs, city jobs, county jobs, students are going into those professions with more data about where they want to go to school. So within those four job areas, we look for schools that are aligned with those sectors or a growing business that isn't yet recognized by the average investor. What Corey said about DeVry, they have almost a third of their business is health care right now, and they are underappreciated by investors. Graduate students are better than undergrads just given default issue, and companies that have fewer issues with concerns about the value proposition - something like a Capella or a Grand Canyon - of those two, a Strayer or a Capella trades at a decent multiple, while Grand Canyon doesn't. Grand Canyon being a relatively new idea for a lot of investors, it might be underappreciated by investors right now, not only from what structural earnings might be over the next few quarters, but it's half graduate students and it two-thirds education and health care. So we think their ability to grow or ability to convince the Street of their economic value proposition is better than the valuation might suggest at this point, given the opportunity to benefit not only from earnings growth, but a recovery in valuation that could be above the group average.

The Wall Street Transcript is a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs and research analysts. This 57 page special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online .  

auf den Wert des Hauptgeschäftes - den privaten Unternehmensbeteiligungen:

80% discount on the value of the private held companies     39 minutes ago     If you subtract the cash/securities of about 145 million from the market-cap of 245 million = 100 million.

The private hold companeis with a worth of 500 million were valued with only 100 million - a dicount of 80%.     The following companies with a worth of 500 million and more were valued with only 100 million:

www.icgcommerce.com

Internet Capital owns 64% of ICGCommerce.


www.metastorm.com

Internet Capital owns 32% of Metastorm.


www.starcite.com

Internet Capital owns 35% of Starcite.


www.freeborders.com

Internet Capital owns 31% of Freeborders


www.channelintelligence.com

Internet Capital owns 50% of Channelintelligence


www.whitefence.com

Internet Capital owns 35% of whitefence


www.investorforce.com

Internet Capital owns 81% of Investorforce


www.anthemvp.com

Internet Capital owns 9% of Anthem Venture

and additional a lot of smaller ownerships.  

des Wertes bezahlen und verlangt zusätzlichg zu seinen 100% noch ein Gebühr - dagegen hat bei Internet Capital einen schier unglaublichen Discount von 80%.

Google China's Kai-Fu Lee to Launch New Incubator ProgramAfter confirming he will be leaving the company By Lucian Parfeni, Web News Editor

7th of September 2009, 10:07 GMT

Adjust text size:  





 
Google's recently departed head of operations in China has uncovered some details on his future plans. Kai-Fu Lee has confirmed that he is, indeed, leaving the company and has also said that he will be starting a new company called Innovation Works, an incubator of sorts adapted to the market's particular needs. The incubator has secured $115 million in funding from WI Harper Group, a venture capital firm with a focus on the China market, along with several individual investors.

Innovation Works will also function as a venture investment fund and development lab, an odd mixture, but one catering to the emerging, startup ecosystem in China. The fund will hire 100 to 150 young engineers and provide them with all the necessities of creating new products for the Chinese market. The plan is to have 50 to 75 of them moving to launch new companies with funding from Innovation Works, while also hiring new people to make up for the loss.

Incubators have had a spotty history in the US, and even the successful ones usually just end up serving one company that takes off and then closes down. Lee believes that the market in China is much more favorable and suited for this kind of ventures at the moment, as there are a lot of companies starting up and also a lot of venture capital money, but there is a need for angel investors and early-stage funding. He also says that the country is at a crucial point in the web and tech sector, but also for entrepreneurship on the whole, with individuals beginning to be more willing to make riskier moves.

The new fund is still in the early stages, with no clear deadlines set, but Lee hopes to have it grow rapidly, possibly expanding out of Beijing, where it will be headquartered. It also enjoys the support of several experienced investors. Lee himself has worked for Microsoft and Google in China and the fund's investors include YouTube Founder Steve Chen, Terry Gou, chairman of Foxconn, Liu Chuanzhi, chairman of Legend Group, and Yu Minhong, chairman of New Oriental.  

Unternehmenskauf von Internet Capital: Aus der Konkursmasse des Unternehmens Sendtec hat man die Vermögenswerte herausgekauft und ein neues Unternehmen gebildet: Acquirgy. Sentec ist nicht wegen der laufenden Geschäfte pleite gegangen, sondern weil dem Unternehmen im Rahmen von Unternehmensneuaufteilungen große Mengen Schulden aufgebürdet wurden, wie wir das ja auch aus Deutschland von der Vorgehensweise mancher Heuschrecken her kennen. Zusammen mit einem anderen Incubator hat Internet Capital für wenig Geld die Vermögensteile von Sendtec aufgekauft und das neue Unternehmen noch mit zusätzlichem Bargeld ausgestattet. Als Gegenwert hat mein hochinteressantes Technologieunternehmen erhalten, das in 2009 immerhin schon 20 Millionen Umsatz schaffen dürfte.

Acquirgy was built through the buy of the assets of Sendtec trough Internet Capital and an other incubator.

Monday, June 15, 2009

SendTec files for Chapter 11 bankruptcy protectionTampa Bay Business Journal - by Michael Hinman Staff writer
PrintEmailReprintsRSS FeedsAdd to Del.icio.usDigg ThisCommentsOther Three months after telling the Securities and Exchange Commission it didn’t have the resources to file financial documents with the federal organization, SendTec Inc. filed for Chapter 11 bankruptcy protection Monday.

The St. Petersburg direct response marketing company is claiming assets of $3.7 million and liabilities of more than $17.4 million. SendTec (OTCBB: SNDN) last filed a financial report with the SEC last November when it claimed a net income of $623,000, or 1 cent per share, on revenue of $5 million for the quarter ended Sept. 30, 2008. That was a turnaround from a $4.4 million, or 8 cents per share, loss on revenue of $7.4 million recorded the year before.

In a statement released after its filing, SendTec said it has received an offer led by management and a group of outside investment firms to purchase assets and continue operations as a new company. SendTec didn’t identify the outside investment companies.

“A series of corporate transactions involving SendTec’s parent companies going back to 2004 … has left SendTec with a large burden of debt apart from operations,” said chief executive officer Paul Soltoff in a statement. “These proceedings represent our best option for removing that burden while continuing to serve our clients and run our business. In the interim, it will be business as usual. We anticipate no reduction in staff or services."

In the nine months leading up to the 2008 third quarter, SendTec chalked up a profit of $3.5 million, or 5 cents per share, compared to a $13.5 million, or 25 cents per share, loss the year prior despite revenue dropping from $24.5 million to $16.3 million.

In March, SendTec informed the SEC that it would be unable to file its year-end report stating the company “does not have sufficient resources to complete the audit of the financial statements.”



The buy of the company is excellent, because the debt was not from operations: “A series of corporate transactions involving SendTec’s parent companies going back to 2004 … has left SendTec with a large burden of debt apart from operations,” said chief executive officer Paul Soltoff in a statement." Internet Capital and the other Incubator must pay a very low amount for the assets of Sendtec, but both incubator paid an addtional amount to increase the operartions of the new company, which will have revenues of about 20 million in 2009.  

um einen Eindruck davon zu bekommen, was sie so treiben:

http://www.acquirgy.com/case-studies.aspx  

Wachstum:

http://www.purchasing.com/article/...sourcing_spikes_in_recession.php  

Marktvolumen von Procurement Outsourcing: 700 Millionen in 2008, 1,1 Milliarden in diesem Jahr und 3,5 Milliarden in 2012.


"According to the recent Black Book of Outsourcing, a report complied by Brown-Wilson Group, a Datamonitor company, procurement outsourcing is the fastest growing back-office area of business process outsourcing. The outsourced procurement solutions market is forecast to expand dramatically this year from $700 million in 2008 to an estimated $1.1 billion market this year. And it's expected to pass the $3.5 billion mark in 2012, representing a 41% compound annual growth rate."

Das heißt nicht anderes, als dass ICGCommerce seine Erlöse von ca. 85 Millionen in diesem Jahr auf eine Viertelmilliarde steigern könnte, wenn es seinen Marktanteil verteidigt, wovon ich wegen des hohen Qualtiätsstandards und der Niederlassungen in Indien und China ausgehe.  

der 2,2 Millionen Blackbloard-Akten, von jetzt ca. 77 Milliionen auf mindestens 100 Millionen an Wert bis zum Jahresende.

http://messages.finance.yahoo.com/...61207&tof=7&frt=2#261207  

noch einmal komplett:

http://messages.finance.yahoo.com/...61224&tof=1&frt=2#261224  

Freeborders Receives "Freeborders Receives "2009 Best of Local Business" Award from the U.S. Commerce Association


Global Consulting and Outsourcing Company Wins San Francisco Regional Award in Computer Services Category


San Francisco, CA – September 10, 2009 - Freeborders, a leading provider of consulting, technology and outsourcing services to the financial services, high tech and travel industries, announces that it has been chosen by the U.S. Commerce Association (USCA) to receive the 2009 San Francisco Award in the Computer Services category.


The USCA "Best of Local Business" Award Program recognizes exceptional regional businesses throughout the country. Once a year, the USCA evaluates and selects organizations which they deem have achieved extraordinary marketing success in their local community and business category. These are local companies that represent top notch services to their customers and regional district.


The methodology for selection was compiled and analyzed from various sources of information to choose the winners in each category, focusing on quality. Winners are determined based on the information gathered both internally by the USCA and data provided by third parties.


"We are pleased to have been selected for this distinction, especially in the community where Freeborders has been headquartered for over 10 years," said Jean Cholka, CEO, Freeborders. "Our success has been directly related to the incredible team at Freeborders who deliver best-in-class IT services world-wide. This is an exciting time for our business and during these turbulent economic times it is rewarding to have this kind of recognition."  

Subtract from the market-cap of 252 million 140 million     11-Sep-09 04:30 pm     cash/securities = 112 million.

Internet Capital Group, Inc.(NasdaqGM: ICGE)
After Hours: 0.00 N/A (N/A) 8:00PM EThelp
Last Trade: 6.87
Trade Time: 4:00pm ET
Change: 0.09 (1.29%)
Prev Close: 6.96
Open: 7.04
Bid: 6.79 x 1300
Ask: 7.55 x 200
1y Target Est: 10.00
Day's Range: 6.87 - 7.05
52wk Range: 3.04 - 9.35
Volume: 41,439
Avg Vol (3m): 152,358
Market Cap: 252.31M
P/E (ttm): N/A
EPS (ttm): -0.63
Div & Yield: N/A (N/A)
.
Quotes delayed, except where indicated otherwise. For consolidated real-time Rating :
(No ratings) flankenking

61/Male



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

View Messages

Report Abuse


  Re: Subtract from the market-cap of 252 million 140 million     3 second(s) ago     80% discount on the value of the private held companies


The private hold companeis with a worth of 500 -6oo million were valued with only 112 million - a dicount of 80%.


The following companies with a worth of 500 million and more were valued with only 100 million:

www.icgcommerce.com

Internet Capital owns 64% of ICGCommerce.


www.metastorm.com

Internet Capital owns 32% of Metastorm.


www.starcite.com

Internet Capital owns 35% of Starcite.


www.freeborders.com

Internet Capital owns 31% of Freeborders


www.channelintelligence.com

Internet Capital owns 50% of Channelintelligence


www.whitefence.com

Internet Capital owns 35% of whitefence


www.investorforce.com

Internet Capital owns 81% of Investorforce


www.anthemvp.com

Internet Capital owns 9% of Anthem Venture


www.clickequations.com

Internet Capital owns 30% of Clickequations.


www.acquirty.com

Maybe Internet Capital owns about 50% of Acquirty.

and additional a lot of smaller ownerships. Rating :
(No ratings)  

der vorstehenden privaten Beteiligungen, ICGCommerce ansieht, kommt man zu dem Ergebnis, dass die 140 Millionen Cash/Wertpapiere von Internet Capital und die 64% an ICGCommerce schon wesentlich mehr wert sind, als die momentane Marktkapitalisierung ausmacht. Gerade zu atemberaubend ist aber das Marktwachstum von 41% im Jahr, wodurch sich das Marktvolumen von 700 Millionen in 2008 auf 3,5 Milliarden in 2012 erhöhen wird.

Procurement outsourcing spikes in recession
Surveys show outsourcing decisions not swayed by public opinion
Dave Hannon -- Purchasing, 9/3/2009 2:49:05 PM EDT
Blog Post: What's the big deal about procurement outsourcing?
Be sure to read Paul Teague's blog post, What's the big deal about procurement outsourcing? It's available only on PurchasingBizConnect. As companies of all shapes and sizes look to reduce costs in the current recession, business process outsourcing has been getting a closer look, no matter what public opinion of the "O" word is. And procurement outsourcing is one of the fastest-growing areas of outsourcing.

It's no secret that outsourcing has a stigma attached to it. According to a recent survey from Capgemini, the overwhelming majority of senior executives polled (79%) agree that outsourcing jobs has a poor public opinion. Despite that acknowledgement, 72% of survey respondents said public opinion does have an impact on their decisions concerning outsourcing of business processes including procurement. And 65% of those polled said they wouldn't change their outsourcing strategy if public opinion of outsourcing improved.



Why do executives have such strong commitment to outsourcing? Because nearly three out of four executives polled feel outsourcing can help a company survive. And procurement outsourcing is key to some companies' survival strategies.



According to the recent Black Book of Outsourcing, a report complied by Brown-Wilson Group, a Datamonitor company, procurement outsourcing is the fastest growing back-office area of business process outsourcing. Procurement outsourcing spikes in recession
Surveys show outsourcing decisions not swayed by public opinion
Dave Hannon -- Purchasing, 9/3/2009 2:49:05 PM EDT
Blog Post: What's the big deal about procurement outsourcing?
Be sure to read Paul Teague's blog post, What's the big deal about procurement outsourcing? It's available only on PurchasingBizConnect. As companies of all shapes and sizes look to reduce costs in the current recession, business process outsourcing has been getting a closer look, no matter what public opinion of the "O" word is. And procurement outsourcing is one of the fastest-growing areas of outsourcing.

It's no secret that outsourcing has a stigma attached to it. According to a recent survey from Capgemini, the overwhelming majority of senior executives polled (79%) agree that outsourcing jobs has a poor public opinion. Despite that acknowledgement, 72% of survey respondents said public opinion does have an impact on their decisions concerning outsourcing of business processes including procurement. And 65% of those polled said they wouldn't change their outsourcing strategy if public opinion of outsourcing improved.



Why do executives have such strong commitment to outsourcing? Because nearly three out of four executives polled feel outsourcing can help a company survive. And procurement outsourcing is key to some companies' survival strategies.



According to the recent Black Book of Outsourcing, a report complied by Brown-Wilson Group, a Datamonitor company, procurement outsourcing is the fastest growing back-office area of business process outsourcing. Procurement outsourcing spikes in recession
Surveys show outsourcing decisions not swayed by public opinion
Dave Hannon -- Purchasing, 9/3/2009 2:49:05 PM EDT
Blog Post: What's the big deal about procurement outsourcing?
Be sure to read Paul Teague's blog post, What's the big deal about procurement outsourcing? It's available only on PurchasingBizConnect. As companies of all shapes and sizes look to reduce costs in the current recession, business process outsourcing has been getting a closer look, no matter what public opinion of the "O" word is. And procurement outsourcing is one of the fastest-growing areas of outsourcing.

It's no secret that outsourcing has a stigma attached to it. According to a recent survey from Capgemini, the overwhelming majority of senior executives polled (79%) agree that outsourcing jobs has a poor public opinion. Despite that acknowledgement, 72% of survey respondents said public opinion does have an impact on their decisions concerning outsourcing of business processes including procurement. And 65% of those polled said they wouldn't change their outsourcing strategy if public opinion of outsourcing improved.



Why do executives have such strong commitment to outsourcing? Because nearly three out of four executives polled feel outsourcing can help a company survive. And procurement outsourcing is key to some companies' survival strategies.



According to the recent Black Book of Outsourcing, a report complied by Brown-Wilson Group, a Datamonitor company, procurement outsourcing is the fastest growing back-office area of business process outsourcing. Procurement outsourcing spikes in recession
Surveys show outsourcing decisions not swayed by public opinion
Dave Hannon -- Purchasing, 9/3/2009 2:49:05 PM EDT
Blog Post: What's the big deal about procurement outsourcing?
Be sure to read Paul Teague's blog post, What's the big deal about procurement outsourcing? It's available only on PurchasingBizConnect. As companies of all shapes and sizes look to reduce costs in the current recession, business process outsourcing has been getting a closer look, no matter what public opinion of the "O" word is. And procurement outsourcing is one of the fastest-growing areas of outsourcing.

It's no secret that outsourcing has a stigma attached to it. According to a recent survey from Capgemini, the overwhelming majority of senior executives polled (79%) agree that outsourcing jobs has a poor public opinion. Despite that acknowledgement, 72% of survey respondents said public opinion does have an impact on their decisions concerning outsourcing of business processes including procurement. And 65% of those polled said they wouldn't change their outsourcing strategy if public opinion of outsourcing improved.



Why do executives have such strong commitment to outsourcing? Because nearly three out of four executives polled feel outsourcing can help a company survive. And procurement outsourcing is key to some companies' survival strategies.



According to the recent Black Book of Outsourcing, a report complied by Brown-Wilson Group, a Datamonitor company, procurement outsourcing is the fastest growing back-office area of business process outsourcing. The outsourced procurement solutions market is forecast to expand dramatically this year from $700 million in 2008 to an estimated $1.1 billion market this year. And it's expected to pass the $3.5 billion mark in 2012, representing a 41% compound annual growth rate.



In addition to the obvious desire to reduce overall costs, the Black Book research shows the growth in procurement outsourcing is due in large part to the fast return on outsourcing investment. In short, it's not just how much you save but how quickly you can save it in this economy.



The survey shows 92% of executives polled cited fast ROI in their decision to outsource some procurement function. And procurement outsourcing, in particular, "is catapulting ahead in BPO growth based largely on a fast ROI and highly satisfied clients."



The fast returns come because procurement services providers have established processes and contracts to leverage, says Capgemini in a recent report. "With the ‘dash for cash' pressure on businesses, many are now turning to service providers who offer the opportunity to accelerate benefits through established deals and efficient transactional processes."



Another trend is also driving procurement outsourcing. The emergence of Green or sustainable procurement. "Prospects and clients are turning to their outsourcing vendors to provide both cost effective processes with savings implementation AND environmentally-responsible/socially responsible compliance," the Black Book says.




The overwhelming majority of executives polled say their outsourcing decisions are not impacted by the stigma attached to outsourcing.
And while indirect spend remains the biggest focus area, "procurement outsourcing is now being tailored to include all aspects of the procurement lifecycle, from strategic sourcing and procurement operations (often extending to accounts payable) to the development and management of e-procurement platforms," says the Black Book.



And the broader the procurement outsourcing project, the more successful it typically is, in the eyes of the vendor as well as the customer. The Capgemini report points out that "in talking to outsourced providers we have found that the attraction of an arrangement is very much governed by size and economy of scale. Taking on a small number of categories or a discrete process often frustrates the ability to leverage economies of scale and holds little attraction because the difference to the overall bottom line is minimal. In this situation neither the service provider nor the customer gains real benefit."



According to the Black Book of Outsourcing the top procurement outsourcing provider this year is Indian vendor Genpact. The Black Book ranking is based on surveys of more than 2,800 senior procurement supply chain professionals who are asked to evaluate their vendor relationships based on 18 performance indicators.



And Genpact's spot on the top of the list is no fluke-Indian providers are gobbling up much of the rapidly growing procurement services market. Black Book authors point out that more than 77% of large scale procurement outsourcing arrangements went to Indian firms in the past year, while nearly half of deals at small to mid-sized firms went to Indian providers.



In addition to the obvious desire to reduce overall costs, the Black Book research shows the growth in procurement outsourcing is due in large part to the fast return on outsourcing investment. In short, it's not just how much you save but how quickly you can save it in this economy.



The survey shows 92% of executives polled cited fast ROI in their decision to outsource some procurement function. And procurement outsourcing, in particular, "is catapulting ahead in BPO growth based largely on a fast ROI and highly satisfied clients."



The fast returns come because procurement services providers have established processes and contracts to leverage, says Capgemini in a recent report. "With the ‘dash for cash' pressure on businesses, many are now turning to service providers who offer the opportunity to accelerate benefits through established deals and efficient transactional processes."



Another trend is also driving procurement outsourcing. The emergence of Green or sustainable procurement. "Prospects and clients are turning to their outsourcing vendors to provide both cost effective processes with savings implementation AND environmentally-responsible/socially responsible compliance," the Black Book says.




The overwhelming majority of executives polled say their outsourcing decisions are not impacted by the stigma attached to outsourcing.
And while indirect spend remains the biggest focus area, "procurement outsourcing is now being tailored to include all aspects of the procurement lifecycle, from strategic sourcing and procurement operations (often extending to accounts payable) to the development and management of e-procurement platforms," says the Black Book.



And the broader the procurement outsourcing project, the more successful it typically is, in the eyes of the vendor as well as the customer. The Capgemini report points out that "in talking to outsourced providers we have found that the attraction of an arrangement is very much governed by size and economy of scale. Taking on a small number of categories or a discrete process often frustrates the ability to leverage economies of scale and holds little attraction because the difference to the overall bottom line is minimal. In this situation neither the service provider nor the customer gains real benefit."



According to the Black Book of Outsourcing the top procurement outsourcing provider this year is Indian vendor Genpact. The Black Book ranking is based on surveys of more than 2,800 senior procurement supply chain professionals who are asked to evaluate their vendor relationships based on 18 performance indicators.



And Genpact's spot on the top of the list is no fluke-Indian providers are gobbling up much of the rapidly growing procurement services market. Black Book authors point out that more than 77% of large scale procurement outsourcing arrangements went to Indian firms in the past year, while nearly half of deals at small to mid-sized firms went to Indian providers.



In addition to the obvious desire to reduce overall costs, the Black Book research shows the growth in procurement outsourcing is due in large part to the fast return on outsourcing investment. In short, it's not just how much you save but how quickly you can save it in this economy.



The survey shows 92% of executives polled cited fast ROI in their decision to outsource some procurement function. And procurement outsourcing, in particular, "is catapulting ahead in BPO growth based largely on a fast ROI and highly satisfied clients."



The fast returns come because procurement services providers have established processes and contracts to leverage, says Capgemini in a recent report. "With the ‘dash for cash' pressure on businesses, many are now turning to service providers who offer the opportunity to accelerate benefits through established deals and efficient transactional processes."



Another trend is also driving procurement outsourcing. The emergence of Green or sustainable procurement. "Prospects and clients are turning to their outsourcing vendors to provide both cost effective processes with savings implementation AND environmentally-responsible/socially responsible compliance," the Black Book says.




The overwhelming majority of executives polled say their outsourcing decisions are not impacted by the stigma attached to outsourcing.
And while indirect spend remains the biggest focus area, "procurement outsourcing is now being tailored to include all aspects of the procurement lifecycle, from strategic sourcing and procurement operations (often extending to accounts payable) to the development and management of e-procurement platforms," says the Black Book.



And the broader the procurement outsourcing project, the more successful it typically is, in the eyes of the vendor as well as the customer. The Capgemini report points out that "in talking to outsourced providers we have found that the attraction of an arrangement is very much governed by size and economy of scale. Taking on a small number of categories or a discrete process often frustrates the ability to leverage economies of scale and holds little attraction because the difference to the overall bottom line is minimal. In this situation neither the service provider nor the customer gains real benefit."



According to the Black Book of Outsourcing the top procurement outsourcing provider this year is Indian vendor Genpact. The Black Book ranking is based on surveys of more than 2,800 senior procurement supply chain professionals who are asked to evaluate their vendor relationships based on 18 performance indicators.



And Genpact's spot on the top of the list is no fluke-Indian providers are gobbling up much of the rapidly growing procurement services market. Black Book authors point out that more than 77% of large scale procurement outsourcing arrangements went to Indian firms in the past year, while nearly half of deals at small to mid-sized firms went to Indian providers.



In addition to the obvious desire to reduce overall costs, the Black Book research shows the growth in procurement outsourcing is due in large part to the fast return on outsourcing investment. In short, it's not just how much you save but how quickly you can save it in this economy.



The survey shows 92% of executives polled cited fast ROI in their decision to outsource some procurement function. And procurement outsourcing, in particular, "is catapulting ahead in BPO growth based largely on a fast ROI and highly satisfied clients."



The fast returns come because procurement services providers have established processes and contracts to leverage, says Capgemini in a recent report. "With the ‘dash for cash' pressure on businesses, many are now turning to service providers who offer the opportunity to accelerate benefits through established deals and efficient transactional processes."



Another trend is also driving procurement outsourcing. The emergence of Green or sustainable procurement. "Prospects and clients are turning to their outsourcing vendors to provide both cost effective processes with savings implementation AND environmentally-responsible/socially responsible compliance," the Black Book says.




The overwhelming majority of executives polled say their outsourcing decisions are not impacted by the stigma attached to outsourcing.
And while indirect spend remains the biggest focus area, "procurement outsourcing is now being tailored to include all aspects of the procurement lifecycle, from strategic sourcing and procurement operations (often extending to accounts payable) to the development and management of e-procurement platforms," says the Black Book.



And the broader the procurement outsourcing project, the more successful it typically is, in the eyes of the vendor as well as the customer. The Capgemini report points out that "in talking to outsourced providers we have found that the attraction of an arrangement is very much governed by size and economy of scale. Taking on a small number of categories or a discrete process often frustrates the ability to leverage economies of scale and holds little attraction because the difference to the overall bottom line is minimal. In this situation neither the service provider nor the customer gains real benefit."



According to the Black Book of Outsourcing the top procurement outsourcing provider this year is Indian vendor Genpact. The Black Book ranking is based on surveys of more than 2,800 senior procurement supply chain professionals who are asked to evaluate their vendor relationships based on 18 performance indicators.



And Genpact's spot on the top of the list is no fluke-Indian providers are gobbling up much of the rapidly growing procurement services market. Black Book authors point out that more than 77% of large scale procurement outsourcing arrangements went to Indian firms in the past year, while nearly half of deals at small to mid-sized firms went to Indian providers.  

ja das mag alles stimmen aber am kurs sieht man das nicht  

vor einem halben Jahr war bei 3,73 Dollar:

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

Aber Du hast sicher damit recht, dass sich die fundamentalen Daten bei weitem nicht im Kurs niederschlagen und fundamental eine Verzweieinhalbfachung bis Verdreifachung des momentanen Kurses im Vergleich zu anderen Unternehmen eigentlich zwingend ist. Warum das aber eine Zeitfrage ist, haben wir hier auf dem Board ja schon sehr intensiv  diskutiert.  

Richtig ist an der These von Maxotto aber sicherlich auch, dass die Aktie weit unter Inventarwert notiert. Ein Grund dafür ist, dass diese Aktien im Jahr 2000 einen Wert hatte, der um den Faktor 700 höher war. Und zwar war der damalige Höchstkurs 4.280 Dollar und er stürzte dann innerhalb von 2 Jahren auf 3,40 Dollar - also um mehr als das Tausendfache - ab. Dass bei der hohen Marktkaptialisierung des Jahres 2000 von ca. 30 Milliarden Dollar viele Anleger einige Stücke im Depot hatten, dürfte wohl klar sein - und diese negativen Emotionen dieser vielen Eigner kann man ja auch auf diesem Board und anderen Boards noch nachlesen. Den Abbau dieser negativen Emotionen dauert sehr lang - auch länger als ich ihn eingeschätzt habe. In der Aktie sind daher zu 80% institutionelle Anleger, die durch diese Emotionen weniger beeinflusst werden - weniger Privatanleger mit ihren Emotionen und auch wenig Publikumfonds, die wiederum auf Privatanleger und deren Emotionen Rücksicht nehmen. Auf der anderen Seite ist der langsame Abbau dieser Emotionen für einen langfristigen Anleger eine zusätzliche Quelle für Kurssteigerungen. Der zweite Grund für die Unterbewertung ist meiner Ansicht, dass ein Wechsel in der Geschäftsstrategie zu Veränderungen in der Anlegerstruktur führte: Internet Capital arbeitet heute zu fast 100% mit Eigenkapital, hatte zwar früher im Vergleich zu anderen Fallen Angels auch relativ niedrige Schulden, aber es waren welche da, die dann bei fallenden Vermögensrpreisen schließlich zu einer dann doch relativen hohen Fremdkapitalfinanzierung führten. Vor ca. vier oder fünf Jahren hat dann Internet Capital sein Fremdkapital fast total und dann spater total abgebaut - allerdings um den Preis einer Fast-Verdreifachung der Aktienzahl. Diese Verdreifachung der Aktienzahl führte nun dazu, dass der Gewinnhebel nicht mehr so wie früher funktioniert und die Aktien damit für Zocker uninteressant wurde - sie stiegen aus. An ihre Stelle hätten jetzt konserative Anleger einsteigen mussen - aber die blieben aus, weil Internet Capital den Wechsel in der Geschäftsstrategie nicht genügend transparent machte, dass es eigentlich ein relativ konseratives Investment sei. Warum? Nun, das hängt sicherlich auch damit zusammen, dass Internet Capital inzwischen nicht mehr auf Außenfinzierung angewiesen ist - weder in Form von Fremdfinanzierung durch Anleihen noch durch Eigenfinanzierung über eine Kapitalerhöung, sodass dem Management die Aktienkursenwicklung auf kurze und mittlere Sicht egal ist bzw. man eventuell sogar an einem langsamen Einstieg interessiert ist, um nahestehenden Gruppen einen nicht zu teuren Einstieg zu ermöglichen.  

unter deutschen Anleger ein Missverständnis vorzuliegen. Internet Capital ist nur die Holding, die die Kapitalbeteiligungen verwaltet. Diese 23 Beschäftigte sagen nichts über die Größe der Kapitalbeteiligungen aus, die zwar nicht alles Großfirmen sind, bei denen dann aber doch schon sehr viel mehr Beschäftigte tätig sind: 1000 bei Freeborders, 500 bei ICGComemrce, jeweils ca. 400 bei Starcite und Metastorm usw.

Auch die dort genannten Umsatzzahlen sind irreführend, da dort nur zwei oder drei von den 15 Beteiligungen erfasst werden, und zwar dort wo der Anteil über 50% liegt, das waren zuletzt ICGCommerce, Investorforce und Vcommerce (die aber inzwischen an Channelintelligence verkauft wurden). Daher kann man nur die anteiligen Umsatze der Beteiligungen ermitteln, die dürften in 2009 bei knapp 150 Millionen liegen. Darin sind nicht die Umsätze von Blackboard und GoIndustry enthalten, die börsennotiert sind und an denen mit eine bestimmte Aktienzahl hält, die Bestandteil der ca. 140 Millionen Cash/Wertpapiere sind, die allein schon knapp 60% der Marktkapitalisierung abdecken.  

IPO's. Wenn Ihr die Bewertungen der IPO's betrachtet, liegen die um ein Vielfaches über der 0,8-fachen Bewertung des anteiligen Umsatzes der Internet Capital-Beteiligungen, und zwar schwankt das zwischen 3 und 12. Im Schnitt liegen die IPO's bei etwas dem Achtfachen der Bewertung von Internet-Capital.  

bei Internet Capital haben. Ich kann mir durchaus vorstellen, dass der Kurs in 2020 bei 150 Dollar liegt. Dass wir wieder einmal 4.280 Dollar erreichen wie 2000 halte ich für unwahrscheinlich - vielleicht bei der nächsten Jahrhundertfeier im Jahr 2100.

http://www.fool.com/investing/value/2009/09/10/...-wisdom-part-2.aspx  

beschriebenen Unterbewertung im Detail:

SOLARWINDS INC(NYSE: SWI)
After Hours: 20.73 0.00 (0.00%) 4:33PM EThelp
Last Trade: 20.73
Trade Time: Sep 11
Change:  0.15 (0.73%)
Prev Close: 20.58
Open: 20.58
Bid: N/A
Ask: N/A
1y Target Est: 20.86
Day's Range: 20.24 - 20.95
52wk Range: 12.70 - 21.62
Volume: 428,630
Avg Vol (3m): 458,745
Market Cap: 1.35B
P/E (ttm): 40.41
EPS (ttm): 0.51
Div & Yield: N/A (N/A)  

Na dann hoffen wir mal auf ein dickes Plus!
muss ja eh erstmal dabei bleiben will ja kein minus machen(lach)  

ob Internet Capital für Dich die richtige Aktie ist, denn mit (lach) und ähnlichen Hampeleien solltest Du lieber in anderen Aktien zocken, wo Du richtig viel Geld verlieren kannst.  

http://messages.finance.yahoo.com/...61253&tof=1&frt=2#261253  

Aktien von GoIndustry, die zur Zeit zwar nur 9 Millionen Dollar wert sind, aber ich kann mir durchaus binnen eines Jahres einen Anstieg auf 50 Millionen Dollar vorstellen.

http://www.go-dove.com/company/InvestorRelations/...0ICG%20100909.pdf