Kursverdoppelung bei Actua Corporation (vorm. Internet Capital)

Entrepreneur of the Year : ChannelIntelligence     2 minutes ago     Channel Intelligence CEO Rob Wight Named Finalist for Entrepreneur of the Year by Orlando Business Journal


Orlando, Fla. (December 12, 2007) – Co-founder, President and CEO of Channel Intelligence Inc. (CI) Rob Wight was named a finalist for the prestigious 2007 Dynetech/Crummer Entrepreneur of the Year award by the Orlando Business Journal. CI experienced an outstanding year of growth and accomplishments in 2007, and Wight was named Entrepreneur of the Month in February this year.

The Entrepreneur of the Year award showcases exceptional, talented entrepreneurs who have helped shape the landscape of new business in central Florida and continue to accelerate local market growth. Wight, who founded CI in Celebration, Fla., in 1999, has seen an extraordinary year in 2007, beginning with securing funding of $15 million by Internet Capital Group in late 2006. Introducing several new platforms and products to facilitate Web-initiated commerce, the company has doubled its employees this year and expanded operations to include an additional 20,000 square feet at its Celebration headquarters, in addition to expanding its presence in Europe with representatives based in the UK and Geneva, Switzerland.

Says Wight, “2007 has been a banner year for Channel Intelligence, and I am proud of the accomplishments of our company. It’s an honor to be named as a finalist for this award, and I gladly share the honor with the exceptional people I am fortunate to work with every day at CI. We’re looking forward to an even more exciting year in 2008.”

Every year, CI hosts several events drawing many of the Internet retailing industry’s largest operators to Orlando to discuss developments and opportunities in the field. CI was also featured at other leading conferences in the US and Europe in 2007. The company added key accounts Procter & Gamble, Garmin, Benchmark, Coldwater Creek, New York & Company, Ann Taylor, and several others to its client roster, which represents over 200 of the industry’s largest retailers and manufacturers, and secured new partnerships including Mall Networks Inc. and Overstock.com.

Wight serves as an industry authority providing insights often featured in retail publications as in 2007 for Doug Tatum’s book for entrepreneurs, “No Man's Land: What to Do When Your Company Is Too Big to Be Small but Too Small to Be Big.”

Wight has previously been recognized as a 2004 finalist for the Ernst & Young Entrepreneur of the Year Florida Award and as one of the 20 most influential people in the storage software business for his prior work with other leading technology companies. Learn more about Wight at www.channelintelligence.com/leadership.h...

About Channel Intelligence Inc. (CI)
Powered by the CommerceIQ™ technology platform, CI’s Web-initiated commerce solutions make it easy for online shoppers to find and buy products whether they start at retailer sites, manufacturer sites or destination shopping sites. Every day CI manages and syndicates millions of products valued at over $3 billion through its three primary services – SellPath® Manufacturer Solutions, SellCast™ Retailer Solutions, and SellCore™ Publisher Solutions. CI customers include hundreds of the world’s best known manufacturing and retail brands. CI, a partner company of Internet Capital Group (Nasdaq: ICGE), is based in Orlando, Fla., with offices in Geneva and the U.K. For more information, visit www.channelintelligence.com.


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Meines Erachtens haben insbesondere die Zweifel an Creditex zu den Kursrückgängen von Internet Capital geführt. Das war zwar unsinnig, denn auch ohne Creditex wäre der Wert der Beteiligungen plus die Cash mehr als doppelt so viel wert wie die momentane Marktkapitalisierung - und das bei extrem vorsichtiger Bewertung.

Creditex ist weltweit führende Broker auf dem Markt für Kreditderivate. Dieser Markt wird fast ausschließlich Over the counter außerhalb der Börsen abgewickelt. Durch die Kreditrise ist man wohl davon ausgegangen, dass auch der weltweit größte Interdealer-Broker darunter leiden werden. Fakt ist aber nun, was auch logisch ist, dass die Umsätze dramatisch angeschwollen ist. Auch ich habe angenommen, dass dieser Anstieg nur vorübergehend ist, im folgenden hören wir jetzt aber, dass diese gesehenen Spitzen und Zukunft der Normalfall seien.

Extreme good news form Tzero     6 minutes ago     The Zero is an subsidariy of Creditex. And Internet Capital owns 15% of Creditex Group. Other parts of Creditex Group are Creditex Brokerage and Qwixx and a minority of TSI.

Gridlock in CDS Confirmations
Credit - December 2007

This story discuss the increase in unconfirmed trades from the spike in volume over the summer. The story quotes T-Zero president Mark Beeston indicating that the record volume will become average volumes. Beeston said that T-Zero has been processing higher levels of volumes over the last weeks, pointing to a push for efficiency among industry participants.


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 Re: Extreme good news form Tzero     4 second(s) ago     The sensationel message of my first posting is: "The story quotes T-Zero president Mark Beeston indicating that the record volume will become average volumes."

Tzero is working in the "back-offices" by the trade of credit-derivatives. But when the record volume in the "back office will become average volumes, the brokerage will increase to this level, too, another and the most important part of the business of Creditex Group.


Sentiment : Strong Buy

 

http://messages.finance.yahoo.com/...74&mid=252274&tof=1&frt=1#252274  

Leider stimmt die Umrechnung nicht mehr,sind auch nur noch 7,86 EU.  

deutschen Investoren nur teilweise angekommen, weil der Dollar abgewertet hat. Auf lange Sicht kehren aber alle Währungen immer wieder zur Kaufkraftparität zurück, die nach der neuesten und sehr umfangreichen Studie der OECD in 2005 bei etwas unter 1,20 lag. Da die Inflationsdifferenzen zwischen den USA und Euroland seit dieser Zeit nur minimal waren, dürften wir uns nachwievor um die 1,20 bewegen. Meines Erachtens sind wir seit einigen Wochen dabei, uns auf dieses Ziel hinzubwegen - der Markt hat gedreht, weil man erkennt, das beim jetzigen Wechselkurs die Defizite abnehmen. Zwar gab es in den letzten Tagen einen geringen Anstieg im Monatsvergleich (Ursache: Elastizitätseffekte bei starken kurzfristigen Abwertungen), nicht aber im Vorjahresvergleich.

Damit existiert neben dem zu erwartenden Effekt durch die Monetarisierung von Beteiligungen ein weiterer wenn auch bescheidenerer Kurstreiber durch die Aufwertung des Dollar - 10 bis 15% sind da meines Erachtens auf Sicht von 12-18 Monate drin.  

die für 2008 einen IPO angekündigt haben. Internet hält an dem Unternehmen, das es bei 100 Millionen Umsatz in 2008 auf eine IPO-Marktkapitalisierung von 500 Millionen bringen dürfte.

In summary, Metastorm is a well-established BPM player

By: Simon Holloway, Senior Analyst, Bloor Research
Published: 19th November 2007
Copyright Bloor Research © 2007

The BPM market is in a process of consolidation, so the key thing for vendors operating in this space is to differentiate themselves from the crowd. Metastorm were one of the early pioneers of the BPM market, being founded in 1996. In July 2007, Metastorm announced the acquisition of Proforma Corporation. The combined company provides an integrated enterprise solution that unifies business strategy and architecture with process discovery and optimization, managed process execution and process monitoring and analysis. Then, in November 2007, Metastorm announced the acquisition of Process Competence, who are an SI (a certified Metastorm partner and a licensed distributor for the Metastorm ProVision). This acquisition will extend Metastorm's direct sales and professional services presence in Europe and other regions.

At the beginning of October I met Neil Hudspeth, Metastorm International's Director of Product Management, at their Wimbledon offices to find out what the merger has meant to Metastorm. The two Proforma products and Metastorm's own BPM products have been merged into a market brand of Metastorm Enterprise. The Enterprise products can be purchased individually, as well as together under the Enterprise sku:

Metastorm ProVisionEA: solution for Enterprise Architecture and Business Process Analysis;
Metastorm ProVisionBPA: solution for Business Process Analysis;
Metastorm BPM: A Business Process Management Suite for process life-cycle management.
The merger with ProVision is part of the way Metastorm can broaden their coverage as the BPM market reaches its first plateau of consolidation. Metastorm have developed a marketing strategy based on the theme "Mind The Gap". The first Gap is between those involved in carrying out Strategy & Enterprise Architectures and Process Analysis & Optimisation, which Metastrom sees resulting in understanding a business without improving it. The second Gap is between Process Analysis & Optimisation and Process Execution & Management, which results in a blueprint without any realised value. The final gap completes the circle and is between Process Execution and Management and Strategy and Enterprise Architectures, which leads to change without visibility into the impacted areas and thus sub-optimal results. For the more cynical inclined of you, you might notice that this strategy reflects exactly the task facing Metastrom to integrate the Enterprise product set together!

So what about the products?

Metastorm ProVisionEA provides an integrated view of all dimensions of the enterprise, from business strategy, organization, process, information, communication and technology dimensions. It acts like the central repository of numerous corporate models describing an enterprise. There are 34 Modellers covering: Strategy, Organization, Process, Information, Communication and Technology. These models can be linked with existing pieces of intellectual capital that can be browsed within the tool.

Metastorm ProVisionBPA is the Business Process Analysis Suite providing support for Process Documentation, Process Simulation, Six Sigma and Process Optimization.

There are 14 Modellers covering: Process Motivation, Process Participants, Process Definition and Process Analysis. In fact this is a subset of the capabilities in the EA tool with the addition of tools for Process Analysis.

Metastorm BPM is based upon a XML architecture. It uses a .NET Process Engine to provide a scaleable platform for managing the authorization, role management, work assignment, and system integration of on line users. Metastorm BPM provides users with a number of different options including Browser, Microsoft Office client, Process portal clients, and Custom. Metastorm BPM has a number of ways to assist processes where different application interface are required, and many enterprises and associated firewalls are involved. For key platforms such as Microsoft BizTalk Server, IBM WebSphere Message Queuing, Microsoft Message Queuing (MSMQ) and Java Messaging Services (JMS), there are pre-build adapters and tools.

Scripts may be associated with Metastorm BPM events through the Designer to provide syntax-sensitive editors for JavaScript, VBScript, and jScript.NET. Scripts may be used to drive any .NET or COM-enabled solution. All process functions are available as Microsoft Workflow Foundation1(WWF) Activities, allowing any WWF-enabled product to integrate with Metastorm BPM processes. Integration to 3rd party products is supported through ODBC, OLEDB or LDAP to access external databases or directories and to legacy system integration tools such as Web Logic Integrator, Software AG's EntireX, and the entire suite of iWay adapters.

The Process Engine is everything that you expect from a BPMS product with an IT background. So support for session management, access controls and content management functions are all there. Also included with the Process Engine is Metastorm Envision which provides simulation and analysis of Metastorm BPM processes. Process performance can be simulated; adjustments made, and detailed comparisons performed. Once a process is deployed and an organization has accumulated process performance data, Metastorm Envision can be used to analyze this performance. New simulations may be run using actual performance data.

In summary, Metastorm is a well-established BPM player. The purchase of Proforma seems to be allowing Metastorm to strengthen their Process support back to the strategy level. Metastorm Enterprise provides an integrated environment for the control of business processes in an organisation. The differentiation is around the support at a real business and strategy level. The BPM product has a strong Microsoft pedigree, but has been sold on its merits as a BPM tool rather than on its platform. Bloor would advise users to take a close look at the complete product set even if their need is just for BPM support. And certainly Metastrom should be on your list of products to review if you are contemplating a BPMS selection exercise, even if you are not a Microsoft site!

 

wohl nicht vermeiden, nämlich dass das Management mit 15% an den Wertzuwächsen der ab 2008 zugekauften neuen Beteiligungen beteiligt wird - denn ein Inkubator steht und fällt nun einmal wie kaum ein anderes Unternehmen mit dem Personal.

Gut ist, dass sich diese Regelung nur auf Unternehmen bezieht, die nach 2008 erworben werden. Das ist ein enormer Ansporn, die existierenden Unternehmen endlich zu Geld zu machen, um 2008 in neue Unternehmen investieren zu können. Allerdings hat man auch schon 190 Millionen Cash und Wertpapiere.

Form 8-K for INTERNET CAPITAL GROUP INC


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13-Dec-2007

Entry into a Material Definitive Agreement, Change in Directors or Pri



Item 1.01. Entry into a Material Definitive Agreement
Entry into Fifth Amendment to Letter of Credit Agreement

Internet Capital Group, Inc. (the "Company") is a party to a Letter of Credit Agreement with Comerica Bank to provide for the issuance of letters of credit (such agreement, the "LC Agreement"). The LC Agreement provides for the issuance of letters of credit of up to $10 million, subject to a cash-secured borrowing base, as defined in the LC Agreement. On December 7, 2007, the Company entered into the Fifth Amendment to Letter of Credit Agreement (the "Fifth Amendment"), which extended the term of the LC Agreement to December 13, 2008. A copy of the Fifth Amendment is attached hereto as Exhibit 10.1 and is incorporated herein by reference.





Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Approval of Carried Interest Long-Term Incentive Plan

On December 7, 2007, the Board of Directors of the Company approved the terms of a Carried Interest Long-Term Incentive Plan (the "Plan"). The purpose of the Plan is to attract, retain and motivate Company executives and to focus the efforts of the Company's management team on the creation of long-term stockholder value associated with acquiring and building new partner companies.

Historically, the Company's long-term compensation program has consisted solely of equity grants. The Company last made equity grants to its executive officers in July 2005. Based on its concern that the bulk of management's current equity holdings would be vested by the end of 2008 and would therefore no longer provide sufficient retentive value, the Compensation Committee of the Company's Board of Directors (the "Compensation Committee") revisited the Company's long-term compensation program and explored granting additional long-term compensation awards to management beginning in 2008. As part of this process, the Compensation Committee engaged an independent compensation consultant to analyze the compensation programs provided by private equity and venture capital firms, since the Company competes for talent with these types of firms.

Professionals in private equity and venture capital firms usually receive compensation in the form of "carried interest." Carried interest is a percentage of profits, typically equaling 20%, that the management of a fund receives out of the total profits made on investments by the fund. Carried interest grants are designed to motivate the management teams of private equity and venture capital funds to drive the performance of the funds. Because payment is tied to the disposition of a portfolio company, which typically occurs many years after an initial investment is made, and because grants of carried interests generally vest over several years, carried interest is designed to act as a long-term incentive and retention tool.



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Based in part on data provided by the compensation consultant, the Compensation Committee concluded that a carried interest plan tied to acquiring and increasing the value of new partner companies would be effective in aligning the respective interests of the Company's management and stockholders in a way that would minimize stockholder dilution and would allow the Company to compete more effectively with private equity and venture capital firms for talent. Accordingly, the Compensation Committee sought to enhance the Company's existing long-term compensation program by establishing a carried interest plan that would be supplemented by equity grants, such as stock appreciation rights. The Compensation Committee attempted to design a carried interest plan with respect to new partner companies with terms that would generally be in line with market practices at private equity and venture funds. After careful consideration, the Compensation Committee recommended implementing the Plan, and the Company's Board of Directors approved the Plan.
The Plan permits the Compensation Committee to award grants to members of management in the form of interests in limited partnerships established by the Company to hold partner company interests acquired by the Company in a calendar year. The principal features of the Plan are as follows:

• Only interests in new partner companies acquired after January 1, 2008 will be included in the plan.

• Each year, beginning in 2008, interests in new partner companies will be acquired through a partnership (one new partnership per year) controlled by the Company.

• For each partnership, a 15% carried interest will be allocated to management.

• Carried interest will be paid in connection with a partner company liquidity event or income receipt, subject to the Company realizing an 8% compounded profit.

• Rights to receive carried interest will vest over a six-year period, with 50% of a participant's interest vesting after three years and the remainder vesting in equal portions over the next three years.

• Participants will be deemed vested with respect to partner company liquidity events or income receipts that occur before full vesting is achieved, so long as they are employees at the time of such events.

• In the event a participant's employment is terminated for cause, he or she will forfeit 100% of all his or her interest in each partnership, including any vested interest.

• In the event that distributions are made to participants in excess of an aggregate 15% carried interest, participants will be required to repay such excess amount to the Company. The Company will withhold 40% of all gross carried interest distributions from participants to secure these "clawback" claims. The withheld funds necessary to secure potential clawback claims will be retained until the partnership liquidates.

The Plan will become effective on January 1, 2008. The Plan will be administered and interpreted by the Compensation Committee. The Compensation Committee has the authority to (i) determine the individuals to whom grants will be made under the Plan, (ii) determine the amount and terms of each grant, (iii) amend the terms of any previously issued grant, (iv) adopt guidelines separate from the Plan that set forth the specific terms and conditions for grants under the Plan, and (v) deal with any other matters arising under the Plan.



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The foregoing description of the Plan does not purport to be complete and is qualified by reference to the actual text of the form of limited partnership agreement and form of limited partnership interest grant governing the Plan. Copies of the forms of limited partnership agreement and limited partnership interest grant are attached hereto as Exhibits 10.2 and 10.3, respectively, and are incorporated herein by reference.




Item 9.01. Financial Statements and Exhibits
(d) Exhibits

The following exhibits are filed herewith:


Exhibit No.   Description
10.1          Fifth Amendment to Letter of Credit Agreement, dated as of December 7,
             2007, by and between Comerica Bank, Internet Capital Group, Inc., ICG
             Holdings, Inc. and Internet Capital Group Operations, Inc.

10.2          Form of Agreement of Limited Partnership for Internet Capital Group,
             Inc. Carried Interest Long-Term Incentive Plan

10.3          Form of Limited Partnership Interest Grant for Internet Capital Group,
             Inc. Carried Interest Long-Term Incentive Plan



 

und daher bieten sich exzellente Kaufgelegenheiten:

What does a market-cap of only 423 million mean?     1 minute ago     Internet Capital is debt-free and has more than 180 million cash/securites. If we subtract this more than 180 million cash/securitis from the market-cap, the result is 240 millon. Therefore the ownership in the private hold companies must have a worth of 240 million. Le us look at the 10 biggest private hold ownerships: 65% of ICGCommerce, 15% of Creditex, 26% of Starcite, 33% of Freeborders, 32% of Metastorm, 9% of Anthem Venture, 41% of Channelintelligence, 5% of Emptoris, 46% of Vcommerce and 35% of Whitefence. Every ownership must only have in the average a worth of 24 million, when we look at this 10 companies and the result of 240 million.

But the ownership of each of the five big companies, the 65% of ICGCommerce, the 15% of Creditex, the 26% of Starcite, the 33% of Freeborderders and the 32% of Metastorm have in the average a worth of 130 million, more than the 5-fold of 24 million.

And the ownerhsip of each of the other five companies, the 41% of Channelintelligence, the 9% of Anthem Venture, the 35 of Whitefence, the 5% of Emptoris and the 46% of VCommerce have in the average a worth of near 40 million, a lot more than 24 million.


 

Die Unterbewertung im Detail  

Re: What does a market-cap of only 423 million mean?     15-Dec-07 05:20 am     Worth of 65% of ICGCommerce = 146 million.

wobei noch zu berücksichtigen ist, dass Internet Capital neben den Private Helds noch Cash und Wertpapiere (von den beiden börsennotierten Gesellschaften Blackboard und GoIndustry) im Wert von ca. 180 Millionen hält und schuldenfrei ist.

ICGcommerce will have revenues of about 50 million in 2007. By a very conserative multiple of 4.5 the worth = 225 million. 65% of 225 million are about 146 million.


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Re: What does a market-cap of only 423 million mean?     15-Dec-07 05:23 am     Worth of 32% of Metastorm = 112 million.

Metastorm will have revenues of about 70 million in 2007. By a very conserative multiple of 5 the worth = 350 million. 32% of 350 million are about 112 million.


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Re: What does a market-cap of only 423 million mean?     15-Dec-07 05:26 am     Worth of 33% of Freeborders = 120 million.

Freeborders will have revenues of about 45 million in 2007. By a very conserative multiple of 8 (without any premium for the leading IT-Outsourcer of China) the worth = 360 million. 33% of 360 million are about 120 million.


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Re: What does a market-cap of only 423 million mean?     15-Dec-07 05:30 am     Worth of 26% of Starcite = 91 million.

Starcite will have revenues of about 50 million in 2007. By a very conserative multiple (Starcite is clear world-market-leader and the networking-effect is working) of 7 the worth = 350 million. 26% of 350 million are about 91 million.


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Re: What does a market-cap of only 423 million mean?     15-Dec-07 05:33 am     Worth of 15% of Creditex = 180 million.

Creditex will have revenues of about 200 million in 2007. By a very conserative multiple of 6 (competitors have the 2- or 3-fold valuation) the worth = 1.2 billion. 15% of 1.2 billion are about 180 million.


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Re: What does a market-cap of only 423 million mean?     15-Dec-07 08:49 am     Worth of 46% of VCommerce = 37 million.

Vcommerce will have revenues of about 18 million in 2007. By a very conserative multiple of 4.5 the worth = 81 million. 46% of 81 million are about 37 million.


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Re: What does a market-cap of only 423 million mean?     15-Dec-07 08:54 am     Worth of 41% of Channelintelligence = 49 million.

Channelintelligence will have revenues of about 15 million in 2007. By a very conserative multiple of 8 (competitors are between 10 and 20) the worth = 120 million. 41% of 120 million are about 49 million.


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Re: What does a market-cap of only 423 million mean?     15-Dec-07 08:57 am     Worth of 5% of Emptoris = 34 million.

Emptoris will have revenues of about 135 million in 2007. By a very conserative multiple of 5 the worth = 675 million. 5% of 675 million are about 34 million.


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Re: What does a market-cap of only 423 million mean?     5 minutes ago     Worth of 9% of Anthem Venture = 45 million.

Worth of the portfolio of Anthem Venture, an incubator like Internet Capital, is a half billion. 9% of a half billion are about 45 million.


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Re: What does a market-cap of only 423 million mean?     2 second(s) ago     Worth of 35% of ICGCommerce = 30 million.

Whitefence will have revenues of about 14 million in 2007. By a very conserative multiple of 6 the worth = 84 million. 35% of 84 million are about 30 million.


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Eine Meldung aus dem Handelsblatt:

"Die Börsenaufsicht SEC hat die Übernahme der New Yorker Optionsbörse ISE durch die Deutsche-Börse-Tocher Eurex genehmigt. Das geht aus einem Dokument hervor, das Reuters vorlag. Bereits im Juli hatten die ISE-Eigentümer grünes Licht für die 2,8 Mrd.-Dollar-Transaktion gegeben."

Was hat das mit Internet Capital zu tun, werdet ihr sicher fragen. Ganz einfach - man kann ISE recht gut mit der Internet Capital Creditex vergleich. Beide handeln Derivate, wobei der Umsatz von ISE ca. 25% höher liegen dürfte als der von Creditex, allerdings dürfte Creditex schneller wachsen. Daraus kann man einen Wert von ca. 2 Milliarden für Creditex ableiten. Internet Capital hält hier 15%. Lange hatte man ja geglaubt, dass Creditex unter der Kreditkrise leiden würde - nun stellt sich aber heraus, dass der Umsatz nach oben gesprungen ist. Hinzu kam die Aussage, dass diese Rekordumsätze zukünftig der Normalfall sein werden.  

alles schön und gut - ist ja richtig, aber
Theorie und Börse (Kurs = Wahrheit) -
falls der Chart bricht in den nächsten Tagen,
dann gute Nacht !!!

Dann sehen wir vielleicht sogar nochmal Kurse unter 8 Dollar,
obwohl ich das nicht möchte !

Börse ist leider unvernünftig oder besser kriminell !!!

Wollte meiner Frau Ihre restlichen Ersparnisse für Aixtron bei 2,60 vor einem Jahr rauskitzeln,
das Risiko war Ihr jedoch zu groß (ha ha ha)
Kurs hat sich in einem Jahr verdreifacht !!!

Das sind Aktien !!!
Scheiß ICGE - Schlaftablette !!!  

noch ein Beispiel:
Ich konnte damals meinen Augen nicht glauben,
als ich den VW-Kurs bei 32 Euro sah -
wußte damals genau, daß der innere Wert mindestens zwischen 60 und 100 €uro liegt -
kaufte jedoch bewußt nicht,
weil ich dachte mit einem unterbewerteten Inkubator in kürzerer Zeit mehr Prozente zu machen !

Wurde hart bestraft dafür, als ich den Kurs über 190 €uro innerhalb von zweieinhalb Jahren sah !
(7% Dividente, wenn ich bei 32 €uro gekauft hätte jedes Jahre nebenbei !!!

ICGE - ist und bleibt eine Scheiß-Aktie !

Ich meine, wenn schon fast 90% der Aktien in festen Händen sind,
warum haben die immer noch Interesse daran zu drücken ?

Sei endlich ehrlich zu Dir selber, Libuda,
wenn man Aktien wie VW, Salzgitter, United Internet, die lächerliche Pfleiderer usw. sieht,
weiß man, daß man sich verspekuliert hat ! AMEN !

Sollte man nicht eine ICGE in eine Thiel oder Triumpf Adler oder Net AG,
die 200% unter innerem Wert liegen bei Gewinnen und Dividenten,
tauschen ???  

Einsatz verdoppelt, in Euros sind leider erst 80%. Okay, logischerweise hätte ich bei einer durchschnittlichen Haltedauer von 3 Jahren mit anderen Aktien mehr verdienen können. Allerdings ist mein Zeithorizont auch etwas länger und ich habe durchaus vor, meinen Einsatz in fünf Jahren zu verfünffachen. Dazu brauche ich jetzt noch einmal eine Verdoppelung bis Verdreifachung, die in in den nächsten 18 Monate für machbar sehe. Richtig ist allerdings, dass erst Monetarisierungen von Beteiligungen laufen. Da ist ja bis auf Blackboard und Linkshare noch nichts passiert. Aber in 2008 müssen ja nach den Vorhersagen drei laufen: Metastorm ist schon fest gebucht, andere Kandidaten sind GoIndustry, Starcite, Emptoris und Creditex. Wobei insbesondere die letztgenannte Creditex der ganz große Knüller werden kann:

About a competitor of Creditex     3 minutes ago     FRANKFURT, Dec 16 (Reuters) - The U.S. Securities and Exchange Commission (SEC) has approved Deutsche Boerse's (DB1Gn.DE: Quote, Profile , Research) takeover of U.S. exchange ISE (ISE.N: Quote, Profile , Research), according to an SEC document obtained by Reuters on Sunday.

Deutsche Boerse had said it expected SEC approval in the fourth quarter for the $2.8 billion deal, which will strengthen its derivatives arm Eurex by giving it trans-Atlantic reach.

In an SEC filing, the ISE had requested approval for a "rule change regarding a corporate transaction...in which ISE's parent, International Securities Exchange Holdings, Inc. would become a wholly-owned, indirect subsidiary of Eurex," the SEC document said.

"The Commission finds that the proposed rule change is consistent with the Act and the rules and regulations thereunder applicable to a national securities exchange...and it is therefore ordered...that the proposed rule change is approved," the SEC said. (Reporting by Peter Starck, Editing by Erica Billingham)



© Reuters 2007. All Rights Reserved.


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 Re: About a competitor of Creditex     19 second(s) ago     The revenenues of Creditex are only a little bid lower than the revenus of ISE (about 25%), but the growth-rate of Creditex is bigger.

When the worth of ISE = 2.8 billion, the worth of Creditex must be 2 billion and higher.

Internet Capital owns 15% of Creditex.


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Umsatzwachstum der Beteiligungsunternehmen von Internet Capital von 35% ansieht, ist die niedrigere Bewertung der anteiligen Umätze absurd. Bei vergleichbaren Unternehmen, die an der Börse bewertet werden, werden derartige Umsätze drei- bis viermal höher bewertet. Der Shortseller darf machen, was er will, er kommt nur über wesentlich höhere Kurs aus der selbst gestellten Falle raus:

http://messages.finance.yahoo.com/...14&mid=252314&tof=1&frt=1#252314  

http://messages.finance.yahoo.com/...51&mid=252351&tof=1&frt=2#252351  

hat auch die Internet Capital-Beteiligung GoIndustry, deren Bewertung absurd niedrig ist. Die kann man übrigen an der AIM in London auch direkt erwerben:

Naspers to acquire Tradus for £946m     19-Dec-07 04:47 pm     Tuesday, 18th December 2007

South African media group Naspers has agreed to buy former dotcom darling QXL Ricardo, now known as Tradus, for £946m, as part of its strategy for internet expansion.

Tradus, an online auctioneer which is principally based in Switzerland and Poland, first revealed it was in takeover talks on November 7, with US rival eBay and Chinese giant Alibaba.com tipped as mystery bidders.

Naspers announced today that it plans to pay £18 a share for Tradus - a premium of just over 19pc to the group's closing share price on November 6. Tradus' shares jumped more than 9pc in early trading this morning, up 150, to £17.70 a share.


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 Re: Naspers to acquire Tradus for £946m     19-Dec-07 04:53 pm     this amount is about §1.8 billion.

Internet Capital owns about 30% of GoIndustry. GoIndusty will have revenues of 50-60 million and only a valuation of lower than 50 million.

My advice, go to:

www.goindustry.com

You can buy Goindustry on the AIM in London. I am sure, this share will double and tripple soon - and more.



 

http://messages.finance.yahoo.com/...mid=-1&tof=1&rt=2&frt=2&off=1#-1

Internet Capital hält hier 65%.  

beteiligt. Das ist ein Inkubator wie Internet Capital auch - nur mit einer etwas anderen Portfolioausrichtung. Interessant ist dieser Inkubator insbesondere durch seine Beteiligungen an social networks wie thisnext oder buzznet.

http://messages.finance.yahoo.com/...41&mid=252341&tof=1&frt=2#252341  

als Ergänzung:

http://www.anthemvp.com/portfolio.php

Anthem Venture ist ein Inkubator wie Internet Capital auch. Und Internet Capital hält 9% an Anthem Venture.  

Eine Gesamtschau, die zeigt, dass es eigenlich nur nach oben kann. Hoffentlich nicht gleich morgen, wo man in Frankfurt nichts kaufen kann.

What does a market-cap only 484 million mean?

If we subtract the 180 million cash/securities from the 484 million market-cap, there are only 304 million for the ownership of the 10 biggest private hold companies of Internet Capital: 65 of ICGCommerce, 26% of Starcite, 15% of Creditex, 32% of Metastorm, 33% of Freeborders, 46% of Vcommerce, 5% of Emptoris, 41% of Channelintelligence, 35% of Whitefence and 9% of Anthem Venture.

304 million: that are only 41 million for each ownership ( all together = 204 million) of the BIG FIVE: 65% of ICGCommerce, 33% of Freeborders, 26% of Starcite, 15% of Creditex and 32% of Metastorm. But every ownership in a company of the BIG Five has in the average a worth of 130-150 million.


304 million: that are only 29 million for each ownership ( all together = 100 million) of the NEXT FIVE:
46% of Vcommerce, 9% of Anthem Venture, 35% of Whitefence, 5% of Emptoris and 41% of Channelintelligence. But every ownership in a company of the NEXT FIVE Five has in the average a worth of 30-35 million.

My advice: Go to every of this 10 named private hold companies:

www.icgcommerce.com

www.freeborders.com

www.starcite.com

www.metastorm.com


www.creditex.com

www.anthemvp.com

www.channelintelligence.com

www.whitefence.com

www.vcommerce.com

www.emptoris.com


 

http://messages.finance.yahoo.com/...id=252411&mid=252411&tof=2&frt=1  

für die Unterbewertung erhalten wir jetzt durch den Börsengang eines mit Freeborders, dem US-chinesischen IT-Outsourcers, vergleichbaren Unternehmens. Ich hatte ja oben angeführt, dass die fünf größten Private Holds von Internet Capital mit etwa 40 Millionen im momentanen Börsenkurs reflektiert werden.

Das Freeborders vergleichbare Unternehmen (nicht ganz, denn Freeborders ist zwar vom Umsatz her in etwa gleich, aber von seiner Produktpalette her wertvoller) erreicht zwar mit etwas mehr als 300 Millionen nicht ganz meine Erwartungen, aber immerhin lassen sich bei einem entsprechenden Börsengang von Freeborders für die 33% daraus doch 100 Millionen ableiten - also wesentich mehr als die 40 Millionen, die der momemtane Kurs von Internet Capital reflektiert.


VanceInfo Technologies Inc. Announces Exercise of Over-Allotment Option
Thursday December 20, 9:59 am ET


BEIJING, Dec. 20 /Xinhua-PRNewswire/ -- VanceInfo Technologies Inc. ("VanceInfo" or the "Company") (NYSE: VIT - News), an IT service provider and one of the leading offshore software development companies in China, today announced that the over-allotment option granted by the Company to the underwriters for the purchase of 1,147,500 additional American Depositary Shares (ADSs) was exercised in full on December 17, 2007 by the underwriters Citi and Merrill Lynch & Co.
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The sale complements the initial public offering by the Company on December 11, 2007. As a result of the initial public offering and the over- allotment option, 8,797,500 ADSs are now held publicly and the aggregate offering amount is US$74,778,750.

About VanceInfo:

VanceInfo is an IT service provider and one of the leading offshore software development companies in China. VanceInfo ranked among the top three Chinese offshore software development service providers for the North American and European markets as measured by 2006 revenues, according to International Data Corporation. VanceInfo's comprehensive range of IT services includes research and development services, enterprise solutions, application development and maintenance, quality assurance and testing, as well as globalization and localization. VanceInfo provides these services primarily to corporations headquartered in the United States, Europe, Japan and China, targeting high growth industries such as technology, telecommunications, financial services, manufacturing, retail and distribution.


 

denn die günstigen Euro-Kurse von Internet Capital sind keine Dauererscheiung.  

http://messages.finance.yahoo.com/...34&mid=252434&tof=1&frt=1#252434  

des Skontrenführers in Frankfurt akzeptieren und den günstigen Kurs zum Einstieg nutzen. Nachbörslich war nämlich der Kurs in den USA wieder über 12 Dollar.