Kursverdoppelung bei Actua Corporation (vorm. Internet Capital)

ignorieren Banken Verkaufsaufträge, um Shorter zu bevorteilen.
Wenn man zB. 30.000 Stück ICGE zu 35€ in Ultimo zum 30.12.08 stellt, leien Banken diese dann trotzdem aus?
Weis wer wie und ob das umgangen wird, macht so etwas dann Sinn?  

würde vermutlich Freeborders schon heute bringen. Aber das ist auf längere Sicht noch sehr viel mehr drin.

Internet Capital hält 32% an Freeborders.

Biggest IT-outsourcing-story of the world = Freeborders      4-Apr-08 04:49 pm     Freeborders Sells PLM Division to Lawson
Lawson Software (LWSN) has announced that it has acquired the Product Livecycle Management (PLM) software division from FreeBorders. This move apparently will allow Freeborders to focus on it’s outsourcing business as a pure play operation. Terms of the deal were not announced.

This seems like a no-brainer for Freeborders. Running a software product company is a completely different discipline from successfully building an outsourcing company. Beyond the distraction of trying to keep both moving forward, you’ll face the inevitable questions about conflicts of interest, including:

“Do customers of your software product get preferential treatment from the outsourcing group?”
“If there is a resource squeeze, which side of the business gets a break?”
“Are you really serious about outsourcing, or is this just a service component to your product offering.”
From the time that I first met Freeborders, I thought that their product business was a possible weak link in their story. This move clearly shows that Freeborders is serious about their outsourcing business and that their new management is making changes to the company that will allow them to compete even more effectively. We should all keep a close watch on this organization.

Technorati Tags: China, China Outsourcing

POSTED BY deans ON 03.17.08 @ 08:12 |

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die nachstehend im Wallstreet Journal vorgestellt werden und neben Metastorm, die gesetzt sind, einer der drei weiteren Kandidaten der insgesamt zwei vorgesehen Monetarisierungen von größeren Beteiligungen sind.

In Search of the Cheaper Meeting
Planning corporate gatherings is getting a lot easier—and a lot less expensive

By MELANIE TROTTMAN
March 31, 2008; Page R5

Lee Ann Adams Mikeman recalls when planning big corporate meetings required hours of phone calls, mounds of faxes—and the shock of discovering the total cost months later.

Now, the assistant vice president for conference planning and special events at SAIC Inc. says, meetings are being planned in a fraction of the time with a fraction of the labor.

SAIC, a San Diego-based technical-services provider, is one of a growing number of companies using innovative online technology to wrap their arms around what many consider as the last frontier of travel-and-entertainment spending: meeting planning and management.

While companies have gained better control over spending on air, hotels and rental cars—in part by moving their purchases to the Web—corporate-meeting planning has remained more of a free-for-all. Departments often use different methods to choose vendors and negotiate contracts, and data about the spending rarely get consolidated for analysis.

People who aren't allowed to buy a laptop without approval can end up spending $200,000 for a meeting, says Michael Boult, the former chief executive and current board member of StarCite Inc., one of the largest meetings-management companies.

 
Having the proper tools can carry through to the bottom line. A corporation that doesn't know how much it spends with each of its vendors can miss opportunities to leverage purchasing power for discounts. Similarly, lack of oversight on hotel contract negotiations can result in huge meeting-cancellation fees that companies could avoid by negotiating flexible terms.

Spending on U.S. corporate meetings is expected to grow to $75.8 billion this year from $73.4 billion in 2005, according to a study released last year by PhoCusWright, a corporate-travel research firm based in Sherman, Conn. Meanwhile, there's an increasing interest in using online tools to manage small meetings of 25 people or less, says Norm Rose, PhoCusWright senior corporate and technology analyst. Of the corporate meetings expected to book this year, at least 60% of the travel portion will be done online, he says.

StarCite, based in Philadelphia, has become the main choice for a comprehensive technology tool to plan meetings from beginning to end, in part because it has merged with or acquired several top competitors over the past several years. There are also niche tools in high demand, since some companies don't need a comprehensive solution. Passkey International Inc., Quincy, Mass., for example, is focused on assisting with group hotel reservations. Certain Software Inc., San Francisco, helps manage online attendee registration and management. ConventionPlanit.com of North Potomac, Md., provides an online directory of resources for meetings professionals. Some of the consumer-focused travel Web sites are also in the space, such as Expedia Inc., Bellevue, Wash., which offers meeting-planning capabilities for leisure and corporate travelers. Some newer entrants such as Groople Inc., Englewood, Colo., and Group Travel Planet LLC, Sevierville, Tenn., have largely targeted smaller, unmanaged, leisure group travel.

Kevin Johnston, CEO of Advantage Event Group, an Atlanta-based event planner, uses Passkey to help his clients manage their hotel needs. The biggest risk clients have is not keeping abreast of the real number of rooms they need; bad estimates, cancellations and no-shows can cause a planner to wind up on the hook for a contract to pay for many more rooms than were needed, says Mr. Johnston, who has seen companies pay hotels as much as $40,000 in penalties. Passkey helps the clients track bookings and cancellations in real time and keeps a history of how many people tend to register for a recurring event, and at what pace. The technology also helps hotels gauge whether a client's block of reserved rooms is excessive, and enables a link between a person's hotel reservation and conference reservation, so if someone registers for the conference but hasn't booked a room that will be transparent, Mr. Johnston says.

Hotels pay a licensing fee to Passkey for use of the technology and often let clients use Passkey at no charge.

 
StarCite, for its part, offers a variety of meeting-management services—from gathering hotel bids to sending electronic invitations and tracking registrations online. Once registered, the attendees can seamlessly use StarCite to book airline tickets and hotels online if the company planning the meeting has integrated its corporate-travel booking tool with StarCite. VIPs can receive discreet invitations to private receptions. Companies can route attendees' flight arrival times to ground transportation providers. And when the meeting is over, attendees can offer feedback online.

Planners can also use StarCite to view an online calendar that displays the status of all planned meetings, along with color-coded designations for each department. Companies say the best use of the calendar is its ability to display accumulated hotel reservations that were canceled earlier but can still be used to avoid paying big cancellation fees.

Cutting Losses

SAIC's Ms. Mikeman began using a meeting-planning technology five years ago from SeeUthere, a company that managed attendee registration and later became part of StarCite through a merger. She and her colleague Glenn Burgess wanted better controls after incurring big fees for canceled rooms and food.

Within four years, SAIC reduced those kinds of inventory "damages" by 99%, and gained additional efficiencies with the technology's tools for collecting data and managing hotel bids; while it used to take two hours to survey five different properties, now that can be completed in 30 minutes.

The American Cancer Society began using b-there.com in 2001 to help with online registrations, says Terri Clay, a senior director at the organization.

B-there.com was eventually absorbed by StarCite, which now helps the Cancer Society plan meetings for as many as 10,000 people. For one huge lobbying event in Washington, D.C., the society used StarCite to collect and review thousands of application essays from the would-be grass-roots advocates for cancer-related legislation. The technology also helped pair roommates for the event, asking questions about bedtime preferences and gender.

Room to Improve

Users have some gripes about StarCite. The request-for-proposal process, for example, in which suppliers are invited to bid for contracts, could be faster and more streamlined; there could be more customizing; and it could be easier to use for novices. One customer says the technology sometimes gets upgraded without notification, which can cause unwelcome surprises. Another issue: glitches that arise from occasional merger-integration issues.

StarCite says it has grown quickly and is working with customers to continually improve. The company says it is working to speed hotel response times to company RFPs, for example, and is redesigning aspects of its product to make it more intuitive and easy to use.

The company says that it's working to improve notification about upgrades, and that it's committed to managing systems integrations "with as much sensitivity as possible" to customer data and experiences.

Set-up also can be time-consuming as companies customize the tools to suit their own needs. Most companies add functions gradually since testing and internal approvals can take months to complete. For that reason, some companies say they're not yet using all of the capabilities for which they're paying. Some companies haven't integrated their online travel tool with StarCite's technology, for example.

Despite the challenges, the technologies still provide relief. "I'm from the generation that started doing this on a typewriter," says Ms. Clay.

—Ms. Trottman is a staff reporter in The Wall Street Journal's Dallas bureau  

Freeborders Ranked Among World’s Top Outsourcing Providers
Press Release

Channel Intelligence Adds Over 100 New Participants to Ad Network
Press Release

ICG Commerce Drives Strong Growth in 2007
Press Release

StarCite Reports Impressive 2007 Growth
Press Release
 

zu erfahren, müsst Ihr Euch auf der rechten Seite der folgenden Adresse durchklicken:

http://www.internetcapital.com

Internet Capital hält 32% an Freeborders.

Internet Capital hält 41% an Channelintelligence.

Internet Capital hält 65% an ICGCommerce.

Internent Capital hält 26% an Starcite.

 

Upgraded to BUY      6-Apr-08 01:50 am     INTERNET CAPITAL GROUP BUY Recommendation by MARKET EDGE RESEARCH
ICGE-$10.29 April 07, 2008
Opinion BUY, Opinion Date 4/7/2008 Current Price 10.29

Also insider buys by 3 Directors of ICGE on April 1 at $10.47. Rating :
(No ratings)Rate it:
     akant497


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 Re: Upgraded to BUY      7-Apr-08 10:11 am     Even with Buy recommendation from Market Edge Research and insider buying, some one continue to manipulate, absolutely the same trading pattern every single day.  
 

INTERNET CAP GRP INC(NasdaqGM: ICGE)
Last Trade: 10.42
Trade Time: 1:01PM ET
Change:  0.08 (0.77%)
Prev Close: 10.34
Open: 10.33
Bid: 10.39 x 200
Ask: 10.43 x 300
1y Target Est: 16.00
Day's Range: 10.08 - 11.75
52wk Range: 7.66 - 13.94
Volume: 126,168
Avg Vol (3m): 187,330
Market Cap: 403.24M
P/E (ttm): N/A
EPS (ttm): -0.81
Div & Yield: N/A (N/A)
 

Jetzt reicht schon relative Stärke als positives Kursmerkmal.
Früher, 05.12.05, hieß das noch 100% mit großer Wahrscheinlichkeit in 6 Monaten.
Ganz früher, in 2004, war noch von 200% binnen 6 Monaten die Rede.
Nun gut, 34% in 28 Monaten, allerdings nur auf Dollarbasis, sind besser als manch anderes Verliererpapier.  

wo Internet Capital 65% hält, zeigen die 40 offen Stellen.  

und wird die Shortseller völlig ausknocken.

When we will see the S1-Filing of Metastorm     10-Apr-08 01:34 pm     The ipo is announced for 2008.

Internet Capital owns 32% of Metastorm.


Sentiment : Strong Buy
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  Re: When we will see the S1-Filing of Metastorm     10-Apr-08 01:45 pm     Remember a half year ago:

Friday, October 26, 2007
Growing tech firm Metastorm considering IPO in '08Testing the market

Baltimore Business Journal - by Scott Dance Staff



CEO Robert Farrell has led Metastorm’s recent growth. The company has doubled its R&D staff.
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Boosted by profitability and product line expansions, software firm Metastorm Inc. is considering going public in 2008, the company's CEO said.

The Baltimore-based company recently doubled its research and development staff, hiring 35 new developers of its software products, which help businesses and government organizations streamline large-scale, complicated processes. And in a deal largely backed by a recent round of venture capital, Metastorm broadened its capabilities by acquiring a Michigan software firm in August.

Company officials are monitoring revenue, profits and their product diversity, among other variables, with an IPO at the midpoint of next year in mind, CEO Robert Farrell said. Metastorm would be the first local software firm to go public since Columbia-based Sourcefire earlier this year and Baltimore-based Visicu in 2006 -- at a time when tech companies have been leading the IPO charge on Wall Street.

Metastorm scored a $30 million round of venture capital funding led by Baltimore-based ABS Capital Partners in August and used most of it to buy Proforma Corp., a Southfield, Mich.-based firm, Farrell said. The acquisition added the ability for clients to simulate the results of changes in business processes, complementing products Metastorm already had that focus on management and organization of processes.

Metastorm client Blockbuster Inc., for example, uses the software to monitor and organize its supply of movies at all of its stores. The London Underground uses it to organize and track incidents of broken-down trains, passenger injuries and other important situations. And Great Clips hair salons use it to organize openings of new franchise locations.

The software niche is known in the industry as business process management, or BPM.

The company's major software lines are being organized into a new platform, Metastorm Enterprise. As Metastorm has been updating its product line, it has been considering an IPO for about a year, Farrell said. Executives view that route as the best way to grow through future acquisitions to compete with other firms specializing in their segment of the software industry as well as giants like IBM and Oracle.

Michael Zisman, a member of Metastorm's board of directors, said he thinks an IPO is appropriate for a company like Metastorm because it enables it to grow market share through more acquisitions. Software companies are consolidating as the industry matures, Zisman added, and Metastorm aims to establish a long-standing presence. Zisman is also managing director at Wayne, Pa.-based Internet Capital Group, a Metastorm investor.

Metastorm executives will continue to work to ensure the predictability of the firm's profit margin before opening its books to Wall Street, Zisman said. The company has been profitable for 13 quarters, Farrell said. In August he said Metastorm's revenue tops $70 million a year.

Doug Schmidt, CEO of Bethesda investment bank Chessiecap Inc., said he thinks significant growth and bulk as a company are required for a successful software company IPO in today's market. Benchmarks such as $30 million to $40 million in sales, strong profitability and a $100 million market capitalization are minimums to get people interested in software firms going public, he said. Rating :
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  Re: When we will see the S1-Filing of Metastorm     10-Apr-08 02:00 pm     Remember additional at this news and the numbers: 100 million revenues in 2008 an ipo in midpoint of 2008.

Tuesday, December 4, 2007
Metastorm expands software line with another acquisitionBaltimore Business Journal - by Scott Dance Staff

Metastorm Inc. has acquired New York software firm Spotlight Data for an undisclosed price in a cash deal, its second such acquisition in the past month and third since August.

The acquisition gives Metastorm further capabilities in its software line, known as business process management. The products help businesses and government organizations streamline implementation of large-scale, complicated processes and operations, and Spotlight Data brings a better ability to model and analyze simulations of processes being tested, Metastorm CEO Robert Farrell said.

The company plans to release Spotlight Data's capabilities as a product called Metastorm Process Discovery, Farrell said.

The acquisition plays into Metastorm's strategy of supplementing its growth with acquisitions, Farrell said. It has an IPO at the midpoint of 2008 in mind. The company's revenue is moving toward $100 million a year -- a rate the company aims to reach by the end of 2008, Farrell said.

Metastorm now employs about 300 people, with 60 in its Baltimore headquarters. The company has plans to move Spotlight's employees and resources and build a larger New York office to allow for more of a customer experience with product demonstrations, Farrell said.

The company acquired European firm Process Competence in November to build its footprint overseas, and it bought Michigan company Proforma Corp. in August to expand its product line. Before that, the company received a $30 million round of venture capital led by Baltimore-based ABS Capital Partners in August. Rating :
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  Re: When we will see the S1-Filing of Metastorm     2 second(s) ago     Most important from the last posting:

"The acquisition plays into Metastorm's strategy of supplementing its growth with acquisitions, Farrell said. It has an IPO at the midpoint of 2008 in mind. The company's revenue is moving toward $100 million a year -- a rate the company aims to reach by the end of 2008, Farrell said." Rating :
(No ratings)
 

sind ein Zeichen für starkes Wachstum

http://www2.starcite.com/html/english/about/jobs.html

Internet Capital hält 26% an Starcite.  

http://messages.finance.yahoo.com/...69&mid=254169&tof=1&frt=1#254169

Vermutlich müsst Ihr aber "1 star + unrated" installieren, da kriminelle nackte Shortseller das Yahoo-Board manipulieren, um die vielen guten Fundamentals über Internet Capital zu verstecken.  

von Channel Intelligence, wo Internet Capital 41% hält. Binnen nur eines knappen halben Jahres ist Ad Network zur sechstgrößten shopping-Suchmaschine aufgestiegen. Das ist ein sensationaleller Aufstieg.


Channel Intelligence Ad Network will get a very BIG THING  

Channel Intelligence Appoints Charles Kronbach as Senior Vice President of CI Ad Network and SellCore™


Orlando, Fla. (April 15, 2008) – Channel Intelligence (CI), an industry leader in Web-initiated commerce solutions, announces the appointment of e-commerce veteran Charles Kronbach to the company’s executive leadership team. Charles will lead the company’s recently launched cost-per-action (CPA) advertising network and shopping site publisher solutions as Senior Vice President, CI Ad Network and SellCore™.

Launched in late 2007 and now led by Charles, the CI Ad Network has quickly become a must-have marketing component for manufacturers and retailers looking for a more effective lead generation and sales revenue program. Already the sixth largest shopping engine online, CI Ad Network offers double the typical conversion rates of other shopping engines allowing consumers on manufacturer sites to purchase from their preferred retailers with direct links taking them to the retailer’s product page. As Senior Vice President, CI Ad Network and SellCore™, Charles is expecting to advance the revenue growth and market penetration for the Ad Network to create even greater value for advertisers.

“We have experienced phenomenal growth with the introduction of the CI Ad Network and a host of new products for online marketers as the e-commerce landscape continues to evolve and opportunities emerge,” said CI President and CEO Rob Wight. “I’m pleased to welcome Charles to our team, and I look forward to the leadership talent he will contribute in this critical role as CI continues to expand its Web-initiated commerce and marketing technology services for manufacturers, retailers and publishers.”

Charles is an accomplished leader with over 10 years experience in e-commerce, online marketing and international management. Prior to joining CI, he led Amazon’s pan-European online and affiliate marketing program, accelerating growth while improving spend efficiency. He lead Amazon’s Japanese affiliate marketing program on an interim basis, reorganizing the team and accelerating growth, and he also guided financial analysis and planning for Amazon's multi-million dollar search engine marketing program. Prior to his work at Amazon, Charles developed market entry strategy for a principal life insurance company as Senior Manager at Inforte Corporation and led strategic online initiatives for Cerner Corporation and AT&T Solutions. Charles holds a Masters of Business Administration from the University of Michigan Ross School of Business.

CI has also seen growing momentum in its SellCore™ Publisher Solutions with the adoption of its services by several well-known publishers seeking to launch or expand their shopping site. In his new role at CI, Charles will also be overseeing SellCore™ services to help publishers decrease their time to market and enhance product data for affiliate networks, search portals, comparison shopping engines, niche shopping sites and online marketplaces.

About Channel Intelligence, Inc. (CI)
With product data as the core foundation of its marketing services, CI has created a database capable of storing, managing and optimizing hundreds of millions of products every day. Helping consumers easily find and buy products is CI’s primary goal. CI is able to accomplish this through innovative suites of services for manufacturers, retailers and publishers. CI works with some of the best solution providers in the industry and supports over 50 destination sites to benefit its customers which include hundreds of the world’s leading manufacturers and retailers such as Best Buy, JVC, Neiman Marcus Group, Panasonic, Spiegel, Circuit City, Target, Philips, ICE.com, Black & Decker, ShopNBC, Yamaha, Overstock.com and more.

Founded in 1999 by CEO Robert Wight and EVP Alan Fulmer, CI is a partner company of Internet Capital Group (Nasdaq: ICGE).  
 

Excellent: Internet Capital Group Increases Ownership in StarCite     29 second(s) ago     Internet Capital Group Increases Ownership in StarCite
Tuesday April 15, 12:01 pm ET
ICG participates in financing and buys out existing shareholders to acquire greater stake in key partner company


WAYNE, Pa.--(BUSINESS WIRE)--Internet Capital Group, Inc. (Nasdaq:ICGE - News) announces that it has increased its ownership in core partner company, StarCite, Inc., through acquisitions of shares from existing StarCite investors and participation in a $15 million round of financing. Following the initial closing of the financing, ICG has deployed approximately $12 million of capital and increased its primary ownership in StarCite from approximately 26% to approximately 33%.
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A leading provider of on-demand meeting and event management solutions for corporations and suppliers, StarCite significantly increased its Fortune 500 client base and experienced strong growth in 2007. This progress, coupled with StarCite’s ongoing global expansion, enabled the company to close a new round of financing and is the reason ICG continues to capitalize on opportunities to own more of this company.

“StarCite’s impressive platform has made a dramatic impact on the market for meetings and events,” said Doug Alexander, Managing Director at ICG and StarCite board member. “The company’s strong growth, its diverse and highly predictable revenue model and the significant growth opportunities that lie ahead for StarCite, both in the U.S. and abroad, make acquiring a larger stake in this company a great use of our capital at this time.”



 

zwischen 140 und 200 Millionen US-Dollar:

Re: Excellent: Internet Capital Group Increases Ownership in StarCite     2 second(s) ago     Revenues of Starcite will be in 2008 about 60 million. Competitors have between 7- and 10-fold mutiples. If we take the lowest number of 7, the 60 million revenues a worth 420 million by an ipo.

Internet Capital owns 33% = 140 million by an ipo or an sale. But this is a very conserative valuation, the worth of the 33% could be 200 million or higher.  
 

gutes Zeichen:

Reuters
IBM profit rises on services, software strength
Wednesday April 16, 4:19 pm ET


SAN FRANCISCO (Reuters) - International Business Machines Corp (NYSE:IBM - News) reported higher-than-expected quarterly earnings on Wednesday despite a weakening U.S. economy, helped by strong revenue from technology services and consulting, sending its shares higher.
ADVERTISEMENT


First-quarter net income rose 26 percent to $2.32 billion, or $1.65 per share, from $1.84 billion, or $1.21 per share, a year earlier. Revenue grew 11 percent to $24.5 billion from $22 billion. Currency gains contributed seven percentage points to revenue growth.

Analysts, on average, expected profit of $1.45 per share and revenue of $23.7 billion, according to Reuters Estimates.

IBM, the world's largest technology-services company, said in February that strong fourth-quarter growth in services contracts lasting a year or less was paying off. IBM said those benefits gave it more confidence in its U.S. business, even as other technology companies were seeing weaker spending amid concern over the U.S. economy.

IBM shares, seen as a safe haven by many investors, have added almost 10 percent this year compared with the Dow Jones Industrial index's (DJI:^DJI - News) 6.8 percent decline and the Nasdaq Composite Index's (Nasdaq:^IXIC - News) 14 percent drop through Tuesday. IBM trades at about 14 times expected 2008 earnings per share compared with about 13 for competitor Hewlett-Packard Co (NYSE:HPQ - News).

(Reporting by Philipp Gollner, editing by Phil Berlowitz)

Zu den Weltuntergangspropheten zählten diesmal die größten Schreihälse, die Investmentbängster. Aber gerade das Reduzieren, Rasieren und Dezimieren dieses zum größen Teil unnützen für den Wohlstand der Menschheit unnüzten Packs ist der Schlüssel zum Aufstieg der Wirtschaft weltweit und der Aktienkurse. Denn nun können sich die Menschen wieder auf die wesentlichen Dinge konzentrieren: auf ein Mehr an Güter und nützlichen Dienstleistungen, nicht auf auf Schmarotzer- und Abkochaktionen des Investmentbängsterabschaums, der für die Menschheit tausendmal schädlicher ist und war als RAF und Al Kaida zusammen, denn diese kriminelllen Investmentgängster-Banden sind viel gefährlicher, auch wenn sie nur in Schlips und Kragen herumlaufen, Edelpuffs bevölkern und Maserati fahren - die bestechen nämlich Regierungen und das ist sehr viel gefährlicher als wenn man gegen sie kämpft.




 

ist und bleibt, könnt Ihr hier nachlesen. Einige glauben immer noch an den Schwachsinn, dass ab sofort alle Derivate abgeschafft werden. Wie Ihr nachstehend lesen könnt ist eher das Gegenteil der Fall. In 2008 dürfte Creditex auf Erlöse von einer Viertelmilliarde kommen und hochprofitablel waren die schon, als der Umsatz nur halb so hoch war. Bei einem Börsengang oder Merger dürfte damit ein Betrag von 2 Milliarden die unterste Grenze sein - und Internet Capital hält 15% an Creditex.

News April 16, 2008 ISDA: Credit Derivatives Volumes Continue to Rise, Automation Improves
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April 16, 2008
Chris Kentouris

The credit derivatives market continued to show strong growth in 2007, said the International Swaps & Derivatives Association (ISDA) today, and post-trade processing has been keeping pace.

The results of the ISDA year-end survey of the over-the-counter derivatives market, released at the trade group’s annual meeting in Vienna, show that credit default swaps (CDS), including single-name CDS, baskets and portfolios of credit and index trades, remained by far the fastest growing class. The notional amount outstanding of CDS increased 37 percent over the second half of last year--to $62.2 trillion from $45.5 trillion at mid-year--and was up 81 percent for all of 2007, from $34.5 trillion at year-end 2006.


For interest rate derivatives, including interest rate swaps and options and cross-currency interest rate swaps, the notional amount outstanding rose almost 10 percent, to $382.3 trillion in the second half of 2007 from $347.1 trillion at mid-year. That number was at $285.7 trillion at the end of 2006. Notional amounts of equity derivatives--equity swaps, options and forwards--reached $10 trillion at year-end 2007, up 39 percent over 2006’s $7.2 trillion, but were flat during the latter half of the year.

ISDA emphasized that the amounts do not represent the risks associated with the increase in activity but, citing data from the Bank for International Settlements, it said that gross mark-to-market value was about 2.2 percent of the notional amount outstanding. In addition, net credit exposure--after netting but before collateral--was 0.5 percent of the notional amount. Applying those percentages to ISDA’s total notional amount outstanding of $454.5 trillion as of Dec. 31, gross credit exposure before netting was $9.8 trillion and credit exposure after netting $2.3 trillion.

In a separate announcement, ISDA said that the preliminary results of its margin survey showed that the amount of collateral in circulation to support the growing volume of OTC activity grew to $2.1 trillion last year, up from $1.3 trillion. The use of cash continued to increase and now represents more than 78 percent of collateral received and 83 percent of collateral delivered.

The margin survey, which includes responses from 107 firms, also found that collateral coverage continues to grow, in terms of both trade volume subject to collateral agreements and credit exposure covered by collateral. Sixty-three percent of OTC derivatives trades are now subject to collateral agreements, compared with 59 percent in 2006. And 65 percent of credit exposure for OTC derivatives contracts is now covered by collateral, up from 59 percent last year.

“ISDA’s 2008 margin survey reflects continued importance of collateralization as a risk mitigation tool and the effectiveness of collateral agreements,” said Robert Pickel, executive director and chief executive officer of ISDA.

Despite significant growth in volumes for most OTC derivative products, post-trade processing has for the most part improved, according to the ISDA operations benchmarking survey. However, there were differing levels of effectiveness, largely reflective of where the market has put its efforts. In 2005, global regulators flagged CDS confirmation backlogs as a systematic risk and major dealers have since taken steps to streamline their back-office procedures, including the use of an array of electronic confirmation and affirmation platforms such as the Depository Trust & Clearing Corp.’s (DTCC) Deriv-Serv.

ISDA said that credit derivatives saw the highest level of automation in confirmation matching--62 percent across all respondents--while the lowest was for equity derivatives, at 23 percent. The backlog of outstanding confirmations was 6.6 business days for credit derivatives, followed by 9.9 for interest rate products and 13.3 for equity derivatives. Ninety percent of electronic confirmations for interest rate and credit derivatives were typically sent within a day of the trade date (T+1) while for equity derivatives it was T+4.

“ISDA’s efforts to standardize documentation further, together with the industry’s commitments to onboard clients to automated platforms, should lead to a drop in these figures over the coming year,” Pickel predicted.

ISDA also announced that Eraj Shirvani has been appointed chairman, succeeding Jonathan Moulds, Bank of America’s president for Europe, the Middle East, Africa and Asia, who had been chair of the trade group since 2004 and on the board since 1998. Shirvani, who joined the ISDA board in 2004, is managing director and head of European credit and European and Asia-Pacific credit sales and trading at Credit Suisse. He is also a member of Credit Suisse’s global derivatives committee and serves on the boards of the Clearing Corp. and DTCC’s Deriv-Serv.


 

bei Internet Capital, zwar schaffen die Partnergesellschaften nicht das Erlöswachstum von Google von 42%, aber ein Wert zwischen 30% und 35% ist ja auch schon eine ordentliche Hausnummer.

Reuters
Google profit beats forecasts, shares jump
Thursday April 17, 4:30 pm ET


SAN FRANCISCO (Reuters) - Google (NasdaqGS:GOOG - News) on Thursday posted a better-than-expected profit, defying fears the company is facing an Internet advertising slowdown and sending its shares past the $500 mark in extended trade.

The Web search leader, one of the hottest technology stocks of 2007, had seen its shares erase last year's 50 percent gain since the start of 2008 on investor concerns that the online ad industry was maturing and vulnerable to a U.S. economic downturn.

"It's a good time to be a Google bull," said Colin Gillis, an analyst with Canaccord Adams. "The boys delivered."

On Thursday, the company said first-quarter net income rose to $1.31 billion, or $4.12 per diluted share, from $1 billion, or $3.18 per share, in the year-earlier quarter.

Excluding one-time items and stock option expenses, profit was $4.84 a share, ahead of the average Wall Street forecast of $4.53 per share as compiled by Reuters Estimates.

Gross revenue rose 42 percent to $5.19 billion. By contrast, Google's revenue grew at a 63 percent rate in the same quarter a year ago.

Revenue had been expected, on average, to grow 40 percent to $5.13 billion, according to Reuters Estimates.


Traffic acquisition costs -- the cut of advertising revenue Google pays out to affiliated sites that run its ads -- amounted to 29 percent of ad revenue in the first quarter. A year ago, the proportion was 31 percent.

In addition to its own site, Google supplies Web search advertising to partners ranging from Time Warner Inc's (NYSE:TWX - News) AOL and IAC InterActiveCorp's (NasdaqGS:IACI - News) Ask.com to News Corp's (Other OTC:NWSAF.PK - News) MySpace.

Google shares shot up as much as 11.5 percent to $501 in extended trading from its close of $449.54 on the Nasdaq earlier on Thursday.

(Reporting by Eric Auchard and Michele Gershberg in New York; Editing by Braden Reddall

 

nur ca. 400 Millionen unterstellt, sollte man einmal genauer unter die Lupe nehmen.

Zieht man die ca. 150 Millionen an vorhandener Kasse und Wertpapieren ab, ist man bei ca. 250 Millionen, die auf die ca. 15 nicht an der Börse gehandelten Unternehmen verteilt werden müssten. Aus Vereinfachungsgründen will ich einmal nur die zehn größten nehmen, die sich wiederum in zwei Gruppen einteilen lassen.

Die großen wertvoll fünf Beteiligungen: 65% an ICGCommerce, die von 26% gerade auf 33% aufgestockten 33% an Starcite, 32% an Metastorm, 32% an Freeborders und 15% an Creditex.

Die nächsten dann folgenden Beteiligungen: 41% an Channelintelligence, 35% an Whitefence, 48% an Vcommerce, 9% an Anthem Venture und 5% an Emptoris.

Die verbleibenden 250 Millionen kann man z.B. wie folgt aufteilen: Jeweils 38 Millionen auf jede der großen fünf und jeweils 12 Millionen auf jede der folgenden fünf. Bei dieser Betrachtung wird die Unterbewertung besonders offensichtlich, denn sowohl die ersten fünf Beteiligungen als auch die folgenden fünf Beteiligungen sind im Schnitt mindestens das Dreifache von 38 bzw. 12 Millionen wert  

Creditex. Selbst wenn man auch nur die meines Erachtens zuletzt diskutierte Summe von 800 Millionen für Creditex nimmt, kommen bei 15% Beteiligung 120 Millionen raus - ein Mehrfaches der 38 Millionen aus dem letzten Posting.

Und dabei sind die 800 Millionen noch viel zu niedrig. Denn für eine Börsenplattform mit ca. einer Viertelmilliade an Erlösen, die zudem hochprofitabel, ist, wird nicht nur das Dreifache der Erlöse gezahlt, die letzten vergleichbaren Preise lagen nicht unter dem zehnfachen der Erlöse. Die Deutsche Börse hat z.B. für ISE das 28-fache der jährlichen Erlöse gezahlt, andere Verkäufe lagen immer über dem Faktor zehn.  

Amounts about selling of Creditex too low in the following ariticle     19-Apr-08 06:39 am     http://www.financialnews-us.com/?page=us...


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  Re: Amounts about selling of Creditex too low in the following ariticle     19-Apr-08 06:44 am     Part of the article in my last posting is the following:

"Icap does not have comparable rivals but within its different businesses it has plenty of competition. Where Icap goes, they usually follow. First, there is talk about Creditex, an interdealer credit-trading platform. Observers said the company was on the brink of being sold for between $700m and $800m; the contenders include the Chicago Mercantile Exchange and the Intercontinental Exchange.

A takeover would make sense for all. The CME is trying to make forays into the OTC markets, and credit derivatives in particular. ICE, an energy exchange, has been trying to expand into financial markets. It failed to win bids for electronic trading system EBS and the Chicago Board of Trade, so chief executive Jeffrey Sprecher, who is close to Creditex’s equivalent Sunil Hirani – would doubtless like to clinch a deal.

It makes sense for Creditex’s owners to sell while volume growth for credit derivatives is strong; many expect it to taper off in the coming year. It also makes sense for users, as there has never been greater interest in bringing the instruments into a more transparent, regulated environment." Rating :
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  Re: Amounts about selling of Creditex too low in the following ariticle     55 minutes ago     I don't believe, that anyone can buy Creditex-Group for only 700-800 million, because the revenues in 2008 will be about 250 million and the company is high profitable. Remember the last take-over, where 10-fold of revenues and a lot more were paid.

Additional we must recognize, that Creditex Group is the owner of the subsidiary Tzero, the leading post-trade-company in the market of credit-derivatives.

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Während momentan alle das hohe Umsatzwachstum von Google bejubeln, wird übersehen, dass die acht Kernbeteiligungen von Internet Capital im letzten Quartal im Durchschnitt ein Erlöswachstum von immerhin 35% gegenüber dem Vorjahr produzierten. Und dass sich dieses Tempo in diesem Quartal fortgesetzt - daran dürfte kein Zweifel bestehen.  
 

Very important study about the market of ICGCommerce from Everest Research     19-Apr-08 01:24 pm     Procurement Outsourcing Market Redefining Itself, says Everest Research Institute

Everest Research Institute - April 9, 2008
Outsourcing of procurement functions is on a "see-saw" growth path fueled by an enhanced value proposition and strong movement towards global sourcing and offshoring, according to an Everest Research Institute study of the procurement outsourcing (PO) market. The analysts also find procurement outsourcing redefining itself with the emergence of a "phased" sourcing approach. Free whitepaper explaining Everest's updated PO market definition, in addition to standard study report.

See-Saw Growth Path

Companies signed fewer procurement outsourcing deals in 2007, a number slightly below the landmark 2006 figures; however, market growth was evident as managed, non-core PO spend crossed $50 billion (US) last year, according to the Institute’s study, Procurement Outsourcing (PO) Annual Report. The study explores and defines three key factors that are enhancing the value proposition for PO and driving market growth: expansion of existing engagements, a shifting adoption pattern away from “big bang” contracts towards more “phased-approach” engagements, and an increased focus on the operational components of procurement that appeals to a broader set of potential PO buyers.

“Procurement outsourcing is redefining itself with the emergence of a ‘phased’ sourcing approach that benefits both buyers and suppliers,” said Katrina Menzigian, Vice President, Everest Research Institute. “This phase-in approach is allowing the opportunity for testing of synergies, scaling up operations, developing industry-specific capability which, in turn, delivers better results and savings. Buyers are also able to ‘experiment’ with procurement outsourcing as they potentially migrate towards a full Source-to-Pay (S2P) strategy.”

New "Value Proposition"

The study also identifies strong movement towards global sourcing and offshoring, thereby providing buyers with new levers for addressing issues that are related to operational costs, technology management costs, and enhanced analytics, among other factors. The newly emerging PO value proposition also represents the convergence of the traditional PO value proposition around sourcing efficiencies with the traditional Finance & Accounting Outsourcing (FAO) value proposition centered upon operational effectiveness.

Additional Research Highlights

Increasing leverage of technology in PO solutions is driving more standardization, vertical best industry practices and tighter compliance protocols.

Pricing structures are stabilizing towards a combination of managed service fee and gain-sharing contracts.
Manufacturing continues to be the dominant adopter of PO; however, demand in financial services and consumer products sectors has risen.

The top five suppliers are Accenture, IBM, Ariba, ICG Commerce, and Xchanging.


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  Re: Very important study about the market of ICGCommerce from Everest Research     19-Apr-08 01:27 pm     Continue of the last posting:

The top five suppliers are Accenture, IBM, Ariba, ICG Commerce, and Xchanging.

While the top five PO suppliers continue to command 75 percent of market share, PO “specialists” (such as buyingTeam, DSSI and Provade) and offshore-centric suppliers (such as Genpact, HCL, Infosys BPO and Wipro) have captured a growing number of new contracts over the past two years.

Few suppliers today have end-to-end S2P service capabilities, but they are making concerted efforts to acquire capability through acquisitions partnerships and internal enhancements.


“New market segments are emerging, and global sourcing for PO is gaining traction, which is creating medium-term market differentiation for suppliers capable of delivering the services,” said Saurabh Gupta, Research Director, Everest Research Institute and co-author of the report. “PO suppliers with existing capabilities in finance and accounting and offshoring are well positioned to service present buyer requirements. With the influx of new suppliers, buyers need to carefully assess their organizational readiness to take on this very complex undertaking as well as assess suppliers’ service delivery capabilities, procurement expertise and performance records.”

About the whitepaper and study

Whitepaper: The Everest Research Institute redefined multi-process procurement outsourcing to enhance its ability to track emerging PO market trends. The new definition acknowledges the rise in phased-in approach contracts, an increased focus on the operational components of procurement and an expanding supplier landscape. Complimentary whitepaper: "Procurement Outsourcing (PO) Market Definition Update - Tracking the Next Phase of the PO Market Evolution" Registration required.

Study: The Everest Research Institute report, "Procurement Outsourcing (PO) Annual Report 2008" (ID: ERI-2008-1-R-0234), analyzes the PO market from multiple dimensions, including by market size, buyer adoption, transaction characteristics, supplier landscape, and value proposition. This report will assist both companies considering outsourcing procurement to a third-party and suppliers of PO services to understand in detail how the market dynamics and value proposition for PO are evolving. Does not include shared services or captives.

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  Re: Very important study about the market of ICGCommerce from Everest Research     19-Apr-08 01:29 pm     Most important message:

"The top five suppliers are Accenture, IBM, Ariba, ICG Commerce, and Xchanging."

That means in the result: Internet Capital owns 65% one of the top five: 65% of ICGCommerce.  
 

die in der Scheisse sitzen, momentan durch Rating-Mätzchen die vorstehenden wichtige Message über ICGCommerce vor den Investoren zu verheimlichen.  

der Shortseller, ob nun legale mit Wertpapierleihe oder kriminelle nackte Shorter:

The reason for the manipulations of criminal naked shortsellers is simple: ICGCommerce is the only private hold companies of Internet Capital with excact facts, because ICGCommerce is one of the both consolidated companies of the about 15 private hold partner companies of Internet Capital. The other company is Investorforce, but this company has no revenues today, because they sold their business. Therefore the more of 14 million revneus of the holding in the fourth quarter of 2007 are revenues of ICGCommerce. By the last growth-rate of 30% in the year, the revenues in the fourth quarter of 2008 will be:

1. quartet 2008: 15 million

2. quarter 2008: 16 million

3. quarter 2008: 17 million

4. quarter 2008: 18 million

That are alltogether 66 million in 2008. By only 4-times-reveneus the worth is 264 million. And the worth of the 65% of Internet Capital are about 175 million.