Kursverdoppelung bei Actua Corporation (vorm. Internet Capital)

Internet Capital  

My estimate based on revenues of 40 million in 2006 and a 4.5-time-revenues of metastorm. The result is a worth of Metastorm of 180 million and the 42% of Internet Capital = 75 million.

Step 5: Net Cash/Securities (170 million) and ICGCommerce (184 million) and Freeborders (150 million) and Starcite (140 million) and Creditex (115 million) and Metastorm (75 million) = 854 million and additional are 13 private held companies free of charge: Marketron, Whitefence, Vcommerce, Investorforce, Emptoris, Computerjobs, Ecreditcom and others.

 

Internet Capital  

My estimate based on revenues of 30 million in 2006 and a 4-time-revenues. The result is a worth of Marketorn of 120 million and the 38 of Internet Capital = 45 million.

Step 6: Net Cash/Securities (170 million) and ICGCommerce (184 million) and Freeborders (150 million) and Starcite (140 million) and Creditex (115 million) and Metastorm (75 million) and Marketron (45 million) = 899 million and additional are 12 private held companies free of charge: Whitefence, Vcommerce, Investorforce, Emptoris, Computerjobs, Ecreditcom, Anthem Ventures Partners and others
 

Step 7: 28 million from VCommerce

My estimate based on revenues of 20 million in 2006 and a 4-time-revenues. The resul6 is a worth of VCommerce of 120 million and the 38 of Internet Capital = 28 million.

Step 7: Net Cash/Securities (170 million) and ICGCommerce (184 million) and Freeborders (150 million) and Starcite (140 million) and Creditex (115 million) and Metastorm (75 million) and Marketron (45 million) and VCommerce (28 million) = 927 million and additional are 11 private held companies free of charge: Whitefence, Investorforce, Emptoris, Computerjobs, Ecreditcom, Anthem Ventures Partners and others.
 

dass die Besteuerung der Kursgewinne vermutlich erst in 2009 einsetzen wird. Damit bleibt genügend Zeit um hohe Kursgewinne bei Internet Capital steuerfrei zu kassieren. Ich habe in letzten fast 5 Jahren in vielen Einzelschritten jetzt 16.500 Aktien für ca. 88.000 Dollar gekauft und liegen mit dem Wert momentan bei 150.000 Dollar. Bei einer durchschnittlichen Haltefrist von 3 Jahren ist das keine berauschende Performance, aber andererseits sind die sich darin manifestierenden 20% p.a. auch nicht so schlecht. Sollten die Kursgewinne nicht vor 2009 besteuert werden, werde ich mein Engagement eventuell in dieser Höhe bis 2009, als etwas mehr als 2 Jahre durchzuhalten und hoffe dann, doch ein erhebliches Stück über 500.000 Dollar zu liegen.

 

The worth of Internet Capital - Step 8: 27 million from Emptoris

My estimate based on revenues of 120-150 million in 2006 and a 4-time-revenues. The result is a worth of Emptoris of 540 million and the 5% of Internet Capital = 27 million.

Step 8: Net Cash/Securities (170 million) and ICGCommerce (184 million) and Freeborders (150 million) and Starcite (140 million) and Creditex (115 million) and Metastorm (75 million) and Marketron (45 million) and VCommerce (28 million) and Emptoris (27 million) = 954 million and additional are 10 private held companies free of charge: Whitefence, Investorforce, Computerjobs, Ecreditcom, Anthem Ventures Partners and others.


 

Internet Capital hält 79% an ICGCommerce.

The market of ICGCommerce

From IDC exist a study over the market of ÍCGCommerce. Internet Capital owns 79% of ICGCommerce. ICGCommerce is the market-leader in USA, ICGCommerce won 26% of new contracts, next IBM with 24%, Accenture with 16% and Ariba with 15%. The worldwide procurement BPO market reached $627 million in 2005 and the study finds that the Americas region currently hosts the largest share of spending in the global procurement BPO market. The global market will expand at a five year compound annual growth rate (CAGR) of 22.3% to reach $1.7 billion by 2010.

I believe, the future of ICGCommerce can be excellent. And I believe to, that competitors will make trials for a take-over of ICGCommerce in next times. My favorite for an take-over are not the first named competitors IBM, Accenture and Ariba, it is Hewlett Packard, who want to expand the services. By an take-over, I believe, the price of ICGCommerce, are above a quarter billion dollar.

IDC - Press Release

The Procurement BPO Wave Swells with More Players and Double-Digit Growth Through 2010, IDC Finds

08 Jun 2006

FRAMINGHAM, Mass., June 8, 2006 – According to a newly released IDC study, interest in procurement business process outsourcing (BPO) is at an all-time high as the worldwide procurement BPO market continues to grow. IDC estimates that the worldwide procurement BPO market reached $627 million in 2005, and will expand at a five year compound annual growth rate (CAGR) of 22.3% to reach $1.7 billion by 2010. The study reveals that growth in customer spending is accompanied by a more crowded and diverse competitive landscape, with more aggressive activity coming from newer entrants such as services procurement BPO providers and Indian offshore BPO providers.


"Procurement BPO is quickly coming into its own as one of the fastest-growing horizontal opportunities within the global BPO market, and has become accepted as a strategic business tool to help companies achieve competitive positioning and growth objectives," said Shruti Yadav, analyst for BPO Services at IDC. "IDC predicts a continuing trend of double-digit market growth and an increasingly diverse base of adopters. All the same, vendors need to be prepared for long sales cycles, an exacting buyer base, mounting expectations, and ever-increasing competition."


The study finds that the Americas region currently hosts the largest share of spending in the global procurement BPO market, with the U.S. driving an overwhelming majority of spending in the region. The EMEA region is the second-largest contributor of market spending, followed by Asia/Pacific.


The study, Worldwide and U.S. Procurement BPO 2006 – 2010 Market Forecast and Analysis (IDC #201603), provides a five-year forecast for the worldwide and U.S procurement business process outsourcing (BPO) services market. The study identifies and quantifies the market opportunity for service providers, key demand and supply trends, and reviews 2005 and Q1 2006 deal activity influencing the market. The study also presents essential guidance and strategies for service providers in order to establish and expand their service mixes and competitive positioning.



About IDC

IDC is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. Over 850 IDC analysts in 50 countries provide global, regional, and local expertise on technology and industry opportunities and trends. For more than 42 years, IDC has provided strategic insights to help our clients achieve their key business objectives. IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. You can learn more about IDC by visiting www.idc.com.





 

Internet Capital besonders deutlich. Denn die 79% an ICGCommerce, einer von 18 Beteiligungen, die Private Helds sind, entsprechen zusammen mit der Nettocash/Wertpapiere von 170 Millionen  mehr als den 350 Millionen Marktkapitalisierung,

You never can see the gigantic undervalue of Internet Capital better: The worth of net cash/securities of 170 million and the worth of only one the 18 private held companies, ICGCommerce, is higher than the market cap. of 349 million on Friday. The other 17 private held companies of Internet Capital are free of charge: 33% of Freeborders, 27% on Starcite (after merger with OnVantage), 17% (estimate) on Creditex (after merger with Credittrade), 42% of Metastorm, 38% of Marketron, 36% on VCommerce, 39% on Whitefence, 80% on Investoreforce, 29% on Ecreditcom, 46% on Computerjobs, 5% on Emptoris, 9% on Anthemventurspartner and other.
 

http://www.internetcapital.com/pdf/starcitemergerQA.pdf  

My estimate based on revenues of 14 million in 2006 and a 4-time-revenues. The result is a worth of Whitefence of 56 million and the 39% of Internet Capital = 22 million.

Step 10: Net Cash/Securities (170 million) and ICGCommerce (184 million) and Freeborders (150 million) and Starcite (140 million) and Creditex (115 million) and Metastorm (75 million) and Marketron (45 million) and VCommerce (28 million) and Emptoris (27 million) and Investorforce (12 million)and Whitefence (22 million) = 990 million and additional are 8 private held companies free of charge: Computerjobs, Ecreditcom, Anthem Ventures Partners and others.

 

The reason of the increase of ownership from only a number between 2% and 3% in 2004 to 63 in 2006 are investment of the best US-investors.

Greatest owner of Internet Capital is one of the best US-investors:

Owner Name Select a name below for more information. Date Shares Held

GENDELL JEFFREY L 6/30/2006 3,262,780

Gendell Jefferey hold between 8 and 9% of the outstanding shares of Internet Capital. And now read, what someone said about the investor: "The most important “screen” I use is this: Does a great investor already own the stock I’m thinking of buying? If not, I’ll pass. I don’t think I’m the smartest guy on Wall Street, so if no one else I respect thinks the stock is undervalued, then I won’t try to be a hero and go it alone. The great investors I follow include Warren Buffett, Marty Whitman of Third Avenue Value, Jeffrey Gendell of Tontine Partners and Larry Robbins of Glenview Capital, among many others.”

What I Need to See Before Buying a Stock

By Andrew Feinberg
January 09, 2006
The older I get, the more carefully I refine my stock selection process. This is one aspect of life in which you really can get better with age.
3:35 PM
Quick performance note: I’m off to one of my best starts ever. I’ve beaten the market every day this year and am now up one and a quarter percentage points (125 basis points) on the S&P 500 as of this moment. So far so good.
A reader asked me to describe my research process and discuss how long it generally takes. I’ll give it a shot, with an emphasis on what I think I do differently from other investors.
The most important “screen” I use is this: Does a great investor already own the stock I’m thinking of buying? If not, I’ll pass. I don’t think I’m the smartest guy on Wall Street, so if no one else I respect thinks the stock is undervalued, then I won’t try to be a hero and go it alone. The great investors I follow include Warren Buffett, Marty Whitman of Third Avenue Value, Jeffrey Gendell of Tontine Partners and Larry Robbins of Glenview Capital, among many others. And I’m not just interested in people who beat the market. They have to beat it by more than three percentage points a year for a significant period. Two days a ago the Wall Street Journal profiled a manager who had beaten the market by about one and a half percentage points a year. That’s far better than average -- and his kids can be justifiably proud of their daddy -- but it’s not nearly enough to get me interested. I didn’t care what he had to say, and I barely even skimmed the article. He’s just not good enough.

 

Number 2 of the owner is the one of the best financial corporations of the world: Mellon Financial.

Mellon Financial owns between 6% and 7% of the outstanding 39,4 million shares;


MELLON FINANCIAL COR... 6/30/2006 2,448,037

OverviewCorporate Profile

Founded in 1869 as T. Mellon and Sons' Bank, Mellon Financial Corporation today is a global financial services company headquartered in Pittsburgh, Pennsylvania. With approximately $5.1 trillion in assets under management, administration or custody, including $870 billion under management, Mellon provides a broad range of financial products and services including:

For institutions and corporations:
Investment management, trust and custody, foreign exchange, securities lending, performance analytics, fund administration, stock transfer, proxy solicitation, treasury management and banking services.

For individuals:
Mutual funds and wealth management. Mellon's mutual fund businesses include The Dreyfus Corporation and Newton Investment Management.

Mellon Financial Corporation's well defined strategy of providing a wide breadth of financial solutions to our customers — what they need, when they need them, and how they want them delivered — is the core to our success in the marketplace, the root of shareholder value, and our foundation for growth.


 

http://www.internetcapital.com/pdf/presentations/...estpres091206.pdf

Und lasst Euch nicht von den Manipulateuren verarschen, die in Frankfurt die Kurse nach unten manipulieren. Ihr hättet wesentlicht billiger drin sein können, wenn Ihr meinen Ratschläge befolgt hätte.

Aber auch jetzt ist die Aktien noch spottbillig. Wenn Ihr allerdings in Frankfurt idiotisch niedrige Limits setzt, zu denen Euch die Manipulateure in Frankfurt mit freundliche Mithilfe des Skontrenführers zu verführen versuchen, kommt Ihr vor 20 nicht rein.  

Nr. 3 of owners has 102 billion unter mangement: Dimensional Fund


Greatest owner of Internet Capital is one of the best US-investors:

Owner Name Select a name below for more information. Date Shares Held

GENDELL JEFFREY L 6/30/2006 3,262,780

Gendell Jefferey hold between 8 and 9% of the outstanding shares of Internet Capital. Something about Gendell Jeffrey from an investor: "The most important “screen” I use is this: Does a great investor already own the stock I’m thinking of buying? If not, I’ll pass. I don’t think I’m the smartest guy on Wall Street, so if no one else I respect thinks the stock is undervalued, then I won’t try to be a hero and go it alone. The great investors I follow include Warren Buffett, Marty Whitman of Third Avenue Value, Jeffrey Gendell of Tontine Partners and Larry Robbins of Glenview Capital, among many others.”

Number 2 of the owner is the one of the best financial corporations of the world: Mellon Financial.

Mellon Financial owns between 6% and 7% of the outstanding 39,4 million shares;


MELLON FINANCIAL COR... 6/30/2006 2,448,037

OverviewCorporate Profile

Founded in 1869 as T. Mellon and Sons' Bank, Mellon Financial Corporation today is a global financial services company headquartered in Pittsburgh, Pennsylvania. With approximately $5.1 trillion in assets under management, administration or custody, including $870 billion under management, Mellon provides a broad range of financial products and services including.



The Nr. 3 the Dimensional Fund has more than doubled (128,47%) his ownership in the last quarter and hold between 5% and 6% of the outstanding 39,4 million shares.

Owner Name Select a name below for more information. Date Shares Held Change(Shares) % Change(Shares) Value($1000)


DIMENSIONAL FUND ADV... 6/30/2006 2,166,477 1,218,230 128.47% $19,715

Working years ahead of the industry, Dimensional forged a new way to invest. The firm inaugurated its strategies in 1981 with early research into the stronger performance of small cap stocks. Later, a comprehensive analysis of stock prices worldwide deepened the strategy repertoire and set a new standard for portfolio design. This evolution reflects an abiding belief in financial science and the efficacy of capital markets.
Broad Range of Strategies around the World
$102 Billion under Management


At Dimensional, we see markets as an ally, not an adversary. Rather than trying to take advantage of the ways markets are mistaken, we take advantage of the ways markets are right—the ways they compensate investors. The firm designs portfolios to help our investors capture what the market offers in all its dimensions.
Dimensional is owned primarily by employees and directors, and manages assets exclusively for institutional investors and the clients of registered financial advisors. From offices in Santa Monica, London, and Sydney, our professional staff supervises portfolios twenty-four hours a day.


 

http://www.dfaus.com/philosophy/markets/  

THINK ABOUT THIS  (Not rated)      14-Sep-06 10:54 am     Could you imagine being able to buy a stock that was selling at 9 dollars when it was on the verge of going out of business. That it had neg net worth and 550million plus of debt. Vertually no institutional sponsorship. A company that was sucking cash with no light at the end of the tunnel. Then this same company goes from over 1/2 billion in debt due any minute to 26 million with a 09 maturity. Positive shareholder equity. Core companies rippping the cover off the wall. And to boot a short that has never been bigger only to find out you can still buy it at 9 dollars. These events do happen. Not often but do happen. The institutions are now up to over 63% and building. The shorts should get some credit for this. So when you come across a slimmy basher, thank him for this opportunity. I believe with out there help the major shareholders would not have been able to get in at this price. How long it can stay here is anybody's guess. But the thought of being short this stock makes my knees buckle.

 

Number 4 of the institutional owners is Capital Research & Management, who increased her ownership in the last Quarter dramatically - 170%. Now they own between 4% and 5% of outstanding shares.


Owner Name Select a name below for more information. Date Shares Held Change(Shares) % Change(Shares) Value($1000)

CAPITAL RESEARCH & M... 6/30/2006 1,890,775 1,190,775 170.11% $17,206



The companies that comprise The Capital Group are among the most experienced and successful investment management firms in the world. Throughout the decades we have chosen to maintain a low profile, focusing on our shareholders' and clients' interests. In doing this, we believe that our investment results will speak for themselves.
The Capital organization at a glance
Investment manager of mutual funds, separately managed accounts and pooled investment funds
8,000 associates in 20 offices worldwide
Privately held organization founded 75 years ago
Experienced, long-tenured investment professionals
Known for exceptional customer service

Investment philosophy
The companies that comprise The Capital Group share an investment philosophy that is distinguished by four key beliefs:
We believe that solid research is fundamental to sound investment decisions. Our companies employ teams of experienced analysts who regularly gather in-depth, first-hand information on markets and companies around the globe.
We believe that an investment decision should not be made lightly. In addition to providing extensive research, our investment professionals go to great lengths to determine the difference between the fundamental value of a company and its price in the marketplace.
We believe in a long-term approach. It's part of the big-picture view our investment professionals take of the companies in which we invest. This is reflected by the typically low turnover of portfolio holdings. In addition, our investment professionals usually remain with us for many years and are compensated according to their investment results over time.
We believe in the value of multiple perspectives. The assets of each fund or portfolio are divided among a number of portfolio managers. These managers make independent investment decisions and manage their portions as though they were separate funds. Over time, this method has contributed to consistency of results and continuity of management.

 

Hier ist Internet Capital mit 79% beteiligt. Allein diese eine von 18 Private Helds, an denen Internet Capital beteiligt ist, macht zusammen mit der Nettocash/-wertpapieren (also der Cash und den Wertpapieren nach Abzug der noch vorhandenen minimalen Schulden) von ca. 170 Millionen die momentane Marktkapitalisierung von ca. 360 Millionen aus. Die anderen 17 Private Helds gibt es trotz der Kursanstiege der letzten Wochen noch umsonst.  

Posting vergessen anzuhängen.

Internet Capital hält 79% an ICGCommerce.

Packaging Big Value And Savings Through Procurement

Manufacturing.Net - August 30, 2006
In today's global manufacturing market, companies are realizing that in order to grow and maintain their competitive edge they must learn to better manage expenditures.


This became evident for Greif, a provider of industrial packaging products and services headquartered in Delaware, OH, when they sought to put more focus on their direct and indirect procurement procedures to reap the significant savings potential.

ADVERTISEMENT
 
While some long-term contracts were in place for categories such as air travel and healthcare benefits, the majority of Greif’s indirect spend was decentralized across 68 locations throughout the U.S. Without the resources and tools needed to focus on these indirect categories, Greif had not been able to leverage their spending and negotiate optimal contracts with preferred suppliers.

Greif's needed an answer to the question: How could they best manage their spending to drive cost and performance improvements? Would they build an indirect procurement capability — hiring, training and developing an organization and establishing tools and processes — or partner with an external service provider who could quickly bring resources, processes and technology to bear?

Procurement Outsourcing

After careful consideration and conducting a thorough evaluation process, Greif decided that partnering with ICG Commerce, a procurement outsourcing specialist, would be most effective solution. Greif understood that it would simply be too time consuming and costly for them to set-up an internal procurement system, and would have been a severe distraction for existing team members focused on direct materials procurement.

Once they selected ICG Commerce, Greif set three specific objectives for the newly formed partnership:

    • Significantly drive down the cost of indirect and some direct material expenditure
    • Automate the purchase-to-pay process, moving from manual to automated invoice processing
    • Significantly increase historical purchase data to allow for better management of expenditures.


Solutions for Containing Costs

ICG Commerce addressed and managed nearly 20 buying categories on Greif’s behalf, including Chemicals, Fuel Oil, Transportation, MRO, Travel, IT, and Energy. Beginning with a detailed spend assessment, Greif and ICG Commerce developed a strategy to drive savings, automate the purchase-to-pay process, and improve their ability to capture and utilize detailed spend information to drive ongoing cost and supplier performance improvements.

A four-part strategy was developed to drive significant and continuous cost reductions:


    • Strategic Sourcing – With access to deep process and category experts and an arsenal of sourcing tools, including category-specific work plans and RFP templates, Greif was equipped to identify cost-saving opportunities, rationalize suppliers and improve contracted supplier service levels.

    • Supplier Implementation – A detailed implementation program involving the Greif/ICG Commerce procurement team, preferred suppliers, and each of the key manufacturing facilities ensured that each local supplier branch understood contract terms and expectations as well as how to effectively serve each of the Greif plants.    

    • Purchase-to-Pay Process Automation – A hosted purchase-to-pay solution allowed requisitioners to quickly find and order items from preferred suppliers while capturing line-item-level detail for future review and use. By deploying the system in over 60 plants and training over 250 end-users, Greif gained access to detailed compliance information, by business unit and plant, and the ability to track savings by category, location or business unit.


    • Ongoing Category Management – With the right tools in place, process and category experts not only measure savings and compliance but also supplier performance. By evaluating this information, along with market index data and benchmarks, ICG Commerce’s category experts are able to drive continuous cost and service improvements for Greif.  

Higher Service, Lower Costs

In the first year, the Greif/ICG Commerce team completed the strategic sourcing and implementation of 12 buying categories, launched sourcing projects for an additional eight categories, and implemented a solution for automating Greif’s purchase-to-pay processes for a set of targeted categories. The team is now actively managing a significant portion of the company’s indirect expenditures, driving solid savings and value-driven opportunities and is striving to achieve their 90 percent compliance target.

Not only is the company seeing measurable savings on indirect goods and services but employees are realizing time savings during the requisition and purchase processes. Plant buyers no longer have to manually determine the appropriate supplier and order each item manually, thereby allowing them to focus on more critical business activities. In addition, the Accounts Payable team has seen the number of “touches per invoice” drop from three to almost zero, with an extremely low exception rate.







© 2006 Advantage Business Media. All rights reserved.

 

Nr. 5 of the owners:

Owner Name Select a name below for more information. Date Shares Held Change(Shares) % Change(Shares) Value($1000)

SCHNEIDER CAPITAL MA... 6/30/2006 1,669,092 944,800 130.44% $15,256

Schneider Capital increased her position in the last quarter from 944,800 shares to 1,669,092 shares. That are 130%. Very interesting is, that location of Schneider Capital and Internet Capital is Wayne. I believe, Schneider Capital is a good "insider".


 

Nr. 6 of institutionals owners is:

BARCLAYS GLOBAL INVE... 6/30/2006 1,532,375

I believe, it isn't necessary, to explain Barclays.



 

Nr. 7 of institutionals is a hedge fund with an exellent performance: Arience Capital, a hedge fund in Manhattan

Owner Name Select a name below for more information. Date Shares Held Change(Shares) % Change(Shares) Value($1000)

ARIENCE CAPITAL MANA... 6/30/2006 1,091,017 159,526 17.13% $9,743


Arience Capital hold near 3% of the 39.4 million outstanding shares.

 

Eigentlich bin ich davon ausgegangen, dass ICGCommerce noch in 2006 zu einem Preis zwischen 200 und 250 Millionen Dollar verkauft würde. Denn das Unternehmen ist inzwischen entwickelt und ist bei Umsätzen zwischen 45 und 50 Millionen jetzt erstmals seit zwei Quartalen in der Gewinnzone.

Der bisherige CEO West isr vor einiger Zeit als CFO zu einem anderen Unternehmen gewechselt. CFO war West schon einmal vor Jahren bei einer großen Fluggesellschaft. Das deutete eigenlich auf einen Merger hin - und ich hatte da Hewlett Packard als interessiertes Unternehmen ausgemacht.  Das kann alles noch werden, aber vorläufig will man anscheinend bei ICGCommerce allein bleiben. Aber aufgeschoben ist nicht aufgehoben - vielleicht sind die nachstehenden Ernennungen auch nur Teil eines Pokers, wobei der Zisman logischerweise ein "Superman" ist.

ICG Commerce Appoints Two Recognized Leaders to Top Executive Positions
Former SEI Executive Carl Guarino Named CEO, Michael Zisman Named Chairman of the Board


PHILADELPHIA - Monday, September 18, 2006 - ICG Commerce, a leading procurement services  
provider, today announced the appointment of Carl Guarino as Chief Executive Officer. Guarino will
lead ICG Commerce in its mission to help forward-thinking companies increase control over their
spending, enhancing their capacity to reduce costs and add value to their enterprises.  The
company also announced that Dr. Michael Zisman will assume the role of Chairman of the Board.
 
“Joining a market leader that is solely committed to enabling leading companies to maximize the
value and impact of their procurement efforts is a very exciting opportunity,” said Guarino.  “By
bringing together a unique combination of sourcing expertise and an operational infrastructure, no
company is better positioned to help customers reduce costs and increase competitiveness.”

Guarino brings extensive experience in guiding the strategic development and growth of
companies into global enterprises. Prior to joining ICG Commerce, he was Executive Vice
President with SEI Investments, a leading global provider of outsourced asset management,
investment processing and investment operations solutions. During his 18-year tenure, he
significantly expanded the company’s asset management division and led the organization’s
entrée into global markets, driving significant growth through joint ventures and acquisitions. His
experience also encompasses the management of successful outsourcing relationships and
optimization of operational businesses.

Zisman was elected Chairman of the Board after serving on the ICG Commerce board since
2004. His extensive knowledge of and experience in successful enterprise expansion and
development is based in both corporate and entrepreneurial experience.  Zisman served as Vice
President Corporate Strategy at IBM, as well as CEO of Lotus Development Corporation and
Founder of Soft-Switch, which was acquired by Lotus in 1994.  Most recently, he launched
Wayne Strategy Consultants, working closely with Internet Capital Group in the capacity of
managing director and board member.

“We are very excited to welcome Carl to ICG Commerce and to have Mike more involved in his
new role as Chairman,” said Walter Buckley, CEO of Internet Capital Group, a primary investor in
ICG Commerce.  “They are both seasoned executives and proven business leaders whose depth
and breadth of experience with corporate strategy and globalization within the outsourced
services industry will help ICG Commerce and its customers reach new levels of success.”

# # #
 
About ICG Commerce, Inc.
ICG Commerce (www.icgcommerce.com) is a leading Procurement Services Provider exclusively
focused on helping companies achieve greater control over external expenditures. The company
offers procurement outsourcing solutions to support sourcing and, transactional buying,
category management and information management in order to enable customers to expand the
breadth of spend they manage, enhance sourcing effectiveness, improve compliance levels and
drive continual improvements.  By working with dozens of leading procurement organizations, ICG
Commerce brings execution-based and continuously growing compound experience to every
customer. ICG Commerce Inc., a privately held company founded in 1992, is a member of
Internet Capital Group's (Nasdaq: ICGE) network of partner companies. The company has been
recognized with numerous industry awards including IAOP and Fortune Magazine’s Global
Outsourcing 100, Forbes “Best of” (for Outsourcing and Procurement) and has had multiple
executives recognized in Supply & Demand Chain Executive magazine's annual "Pros to Know"
listing.

About Internet Capital Group
Internet Capital Group (http://www.internetcapital.com ) owns and builds Internet software
companies that drive business productivity and reduce transaction costs between firms. Founded
in 1996, ICG devotes its expertise and capital to maximizing the success of these platform
companies that are delivering on-demand software and service applications to customers
worldwide.



 

die Qoate von Internet Capital. An dem Merger von Creditex und Credittrade wird Internet Capital nur unter 20% halten, ich schätze einmal 17%. Die Chancen sind gigantisch, aber immerhin schafft der merger bei einem ausstehenden Volumen von 17 Billionen (englisch: trillion) in 2005 einen Anteil von 2 millioneb,

Wenn man sich über die Chancen auf diesem Sektor informieren will, artet das in harte Abeit aus: Abeer ohne Fleiß bekanntlich kein Presi. Und für Internet Capital hat diese Geschellschaft schon eine gewiese Beduetung.

http://www.investinginbonds.com/assets/files/...credit-derivatives%22  

wo Internet Capital hier einen Prozentsatz von etwas unter 20% am größten Interdealer-Broker hält:

From the conclusion: The use of credit derivatives has grown exponentially since the beginning of the
decade. Transaction volumes have picked up from the occasional tens of millions of
dollars to regular weekly volumes measured in hundreds of millions, if not billions, of
dollars. Banks remain among the most active participants, but the end-user base is
expanding rapidly to include a broad range of broker-dealers, institutional investors,
money managers, hedge funds, insurers, and reinsurers, as well as corporates. Growth
in participation and market volume is likely to continue at its current rapid pace, based
on the unequivocal contribution credit derivatives are making to efficient risk
management, rational credit pricing, and ultimately systemic liquidity. Credit
derivatives can offer both the buyer and seller of risk considerable advantages over
traditional alternatives and, both as an asset class and a risk management tool,
represent an important innovation for global financial markets with the potential to
revolutionise the way that credit risk is originated, distributed, measured, and
managed.
 

Neuer Meeting-Merger


8. September 2006

StarCite, Inc. und OnVantage, Inc. verkündeten kürzlich den Zusammenschluss der beiden Unternehmen. Das entstehende und auf weiteres Wachstum ausgerichtete Unternehmen ist damit laut Eigenausskunft das weltweit größte „On-Demand Meeting Management Unternehmen“ im über 300 Milliarden US Dollar umfassenden Markt für Corporate Meetings und Events. Das neue Unternehmen wird unter dem Namen StarCite firmieren und will einerseits signifikante Kosteneinsparungen für Unternehmen und andererseits Ertragsmöglichkeiten in fünfstelliger Milliardenhöhe für die Supplier-Seite anbieten.