Die Eier legende Wollmichsau gibt es doch

Wer rein will, sollte sich beeilen denn BIG SHORT bietet momentan bei der Erhöhung seiner Shortselling-Position, die schon auf Rekordhöhe ist, Rabatt.  

hochgezockten deutschen Internet-Bude Abacho, wo die Umsätze fast mit dem 10-fachen bewertet werden, obwohl der Verlust bei einem Viertel des Umsatzes liegt.

Würde die 150 Millionen anteiligen Umsätze der Beteiligungen von Internet Capital auch mit diesem Faktor bewertet, müsste die Marktkapitalisierung unter Einbeziehung der vorhandenen 170 Millionen Cash und Wertpapiere bei 1,67 Milliarden liegen (momentan sind wir nur bei 400 Millionen). Und dabei ist die Qualität der Umsätze der Beteiligungen von Internet Capital um ein Vielfaches besser als die von Abacho.

DGAP-News: Abacho Aktiengesellschaft (deutsch)

Abacho Aktiengesellschaft: Dynamisches Wachstum

Abacho Aktiengesellschaft / Jahresergebnis

30.03.2007

Veröffentlichung einer Corporate-News, übermittelt durch die DGAP - ein Unternehmen der EquityStory AG. Für den Inhalt der Mitteilung ist der Emittent verantwortlich.

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

Die Abacho Aktiengesellschaft konnte im abgelaufenen Geschäftsjahr zum 31.12.2006 den Umsatz im Konzern nach IFRS im Vergleich zum Vorjahr um 35% auf Euro 4,4 Mio. steigern.

Das Geschäftsjahr wurde mit einem Jahresfehlbetrag von Euro 1,2 Mio. abgeschlossen. Dieser beruht im Wesentlichen auf Investitionen in das nachhaltige Wachstum des Tochterunternehmens MY-HAMMER Aktiengesellschaft, hier insbesondere in die Bereiche Personalausbau und Werbung.

Die Bilanzsumme zum 31.12.2006 beträgt Euro 10,1 Mio. Die Eigenkapitalquote beläuft sich auf 65 Prozent.

Insbesondere im Segment der unter www.My-Hammer.de betriebenen Auktionen für Handwerksaufträge und Dienstleistungen wird für den Marktführer mit weiterem, sehr dynamischen Wachstum gerechnet.

Kontakt: Abacho Aktiengesellschaft Gerhard-Hoehme-Allee 1 41466 Neuss Deutschland

DGAP 30.03.2007

Als einziges BPM Softwarepaket, das ursprünglich in einem .Net Rahmen entwickelt wurde, ist Metastorm BPM eine höchst skalierbare Software zur Erleichterung der Arbeit mit einer unbegrenzten Anzahl von Menschen -und computergesteuerten Prozessen innerhalb von mittelständischen Betrieben und Großbetrieben. Metastorm BPM bearbeitet den gesamten Prozesslebenszyklus – von der Modellierung und Automatisierung bis hin zur Analyse, Simulation und der kontinuierlichen Verbesserung von Prozessen. Damit Benutzer sich dabei nicht mit verschiedenartigen, unähnlichen Applikationen befassen müssen, verwendet Metastorm dafür eine einzige Benutzeroberfläche. Das Metastorm Softwarepaket zur Prozessbearbeitung ist die beste Software ihrer Art und bietet individuelle Unterstützung für die wichtigsten Microsoft Technologien einschließlich von Office 2007 (Outlook, Word, Excel, PowerPoint), SharePoint Server, Windows Vista, SQL Server, BizTalk, und InfoPath. Metastorm’s BPM Software and Methodologien sind unübertroffen in ihrer Fähigkeit die Arbeit mit komplexen Prozessen schnell und auf weltweiter Ebene zu erleichtern, indem Metastorm leichte Durchschaubarkeit und Flexibilität für Prozesse bietet, die mehr Innovation, schnelle Kapitalerträge und niedrige Allgemeinkosten für Partner und Kunden zugleich bringen. Für weitere Informationen besuchen Sie bitte unsere Webseite: www.metastorm.com.

 

www.metastorm.com/library/global/de/...0Success%20Story_de.pdf

Was die Internet Capital-Beteiligung Metastorm (41%) für die Lufthansa leistet.

Metastorm und Deutsche Post  
www.metastorm.com/library/global/de/...0Success%20Story_de.pdf

Was die Internet Capital-Beteiligung (41%) Metastorm für die Deutsche Post leistet.    

Eigentlich ist Internet Capital ein sehr konseratives Private Equity-Investment - konserativ deshalb, weil sie zwar auch risikoreiche Beteiligungen eingehen, aber im Gegensatz zu fast allen Heuschrecken mit 100% Eigenkapital arbeiten. Private Equity für alle, wie es heute in Euro am Sonnag steht, lässt sich meines Erachtens wegen des enormen Abschlags meines Erachtens am besten mit Internet Capital bewerkstelligen.

Und hier zu "Private Equity für alle" aus der heutigen Ausgabe von Euro am Sonntag:

Ein Interview in Euro am Sonntag mit dem Chef des Vermögensverwalter Parnter Group aus der Schweiz, Alfred Gantner:

Euro am Sonntag: Herr Gantner, was wird sich durch den Vier-Milliarden-Dollar-Börsengang (IPO) von Blackstone in der Branche ändern?

Alfred Ganter: Der Börsengang wird nichts Grundlegendes ändern. Der Zeitpunkt für den IPO ist allerdings optimal gewählt. Das hat schon das Fortress-Debüt gezeigt. Private Equity ist in aller Munde. Anleger sind bereit, für die Aktien der Branchen-Stars hohe Prämien zu bezahlen. Fortress ist jetzt mehr als dem 40-Fachen künftiger Gewinne bewertet. Deshalb würde ich die Aktie aufgrund der hohen Bewertung nicht kaufen.

Das sehe ich ähnlich wie der Gantner, es gibt aber eine preiswerte Atlernative um an Private Equity teilzuhaben: Internet Capital. Seht Euch einmal die letzten drei Käufe an: Whitefence, VCommerce und ChannelIntelligence - super Unternehmen zu Superpreisen eingekauft. An solchen vorbörslichen Geschäften kann ein Aktionär normalerweise nicht teilhaben, entweder läuft das über Private Equity oder sehr viel preiswerter, solange die Aktie mit einem Abschlag von mehr als 50% auf den Fair Value gehandelt wird, durch den Kauf von Internet Capital

• Benefits. In other outsourcing deals, most customers expect to receive the same or better services while saving on costs. Cost savings are measured by the amount that the customer pays the provider for the services. This is often not the case for indirect procurement outsourcing. While an indirect procurement service provider may in fact save the customer money, often the customer is more concerned about reducing third-party spend.


• What Counts Toward Cost Savings. Savings based on volume consumption models are relatively easy to track. If you spend $100 to turn 1,000 requisitions into purchase orders, and the procurement service provider can do the same work for $85, you save 15 percent. Tracking, measuring, and reporting cost savings on third-party spend can be challenging. The methods must be well-negotiated and documented. It is important for the customer to socialize its own internal cost savings and productivity programs with the provider, and to integrate them into the agreement with the provider.


• The Promise (and Commitment) of Cost Savings. Unlike other outsourcing deals, the potential of cost savings on third party spend in indirect procurement outsourcing deals far exceeds the value of the procurement services purchased. Cost savings on third party spend can run in the millions to hundreds of millions of dollars. Since most providers will not guarantee those savings dollar for dollar, it is important to structure the agreement so that the provider has incentives to achieve cost savings. Service levels and credits are one way to do this.

Advantage Freeborders  (Not rated)       7-Apr-07 06:37 am     Freeborders is one of the greatest IT-Outsourcers in China. Chinese companies a very small, when we compare with the indian competitors, but the growth-rate is very high and they had not the following problems:

biz.yahoo.com/ap/070407/india_sca...

Internet Capital owns 34% of Freeborders, who will increase his chinese staff to 2,000 in 2007. 200 employers are in the headquarter in USA and other places in North-America and Europe and about 50 in a subsidiary in New York (Wall Street

FMR CORP 12/31/2006 726,116 726,116 New $8,525

TCW GROUP INC 12/31/2006 646,976 251,620 63.64% $7,595

TUDOR INVESTMENT COR... 12/31/2006 596,388 0 0.00% $7,002

STATE STREET CORP 12/31/2006 580,293 (25,500) (4.21%) $6,813

VANGUARD GROUP INC 12/31/2006 503,002 18,700 3.86% $5,905

PLATINUM INVESTMENT ... 12/31/2006 450,000 - - $5,283

MASON CAPITAL MANAGE... 12/31/2006 422,742 422,742 New $4,963

DEUTSCHE BANK AG\ 12/31/2006 392,539 11,785 3.10% $4,608

ENGEMANN ASSET MANAG... 12/31/2006 390,080 84,493 27.65% $4,580

MORGAN STANLEY 12/31/2006 312,565 (118,972) (27.57%) $3,670

NORTHERN TRUST CORP 12/31/2006 311,725 28,798 10.18% $3,660

RENAISSANCE TECHNOLO... 12/31/2006 282,800 84,200 42.40% $3,320

HOCKY MANAGEMENT CO ... 12/31/2006 282,600 0 0.00% $3,318

BRUCE & CO., INC. 12/31/2006 273,300 (5,000) (1.80%) $3,209

Scores of Western companies routinely hire Indian firms to handle software development, back-office operations and other work such as managing their information technology infrastructure. Outsourcing these tasks helps them save on costs as wages are low in India and skilled workers are easily available.

Infosys' forecast of 28-30 per cent growth in the 2007-08 financial year came despite concerns of an economic slowdown in the United States, where most of its clients are located, and an appreciation in the value of the Indian currency, the rupee.

The company, which works for firms like Goldman Sachs and J.C. Penney Co., said it added 34 new clients and 2,809 employees during the quarter.

Infosys' yearly guidance boosted other tech stocks.

The Bombay Stock Exchange's 30-share Sensex rose 2.2 per cent to 13,403 points in intraday trading as investors bought technology shares taking cue from Infosys, which was the first to report quarterly earnings.

Rivals Tata Consultancy Services Ltd. and Wipro Ltd., which are scheduled to release their earnings next week, climbed 4.2 per cent and 4 per cent respectively.

Infosys, however, lowered its earnings per share guidance for 2007-08 to 25.7 per cent to 27.7 per cent from last year's 45 per cent. The company said each of its shares listed on the Nasdaq is expected earn between $1.86 and $1.89 this year, compared with $1.48 last year.

Mr. Nilekani said the lower predicted EPS growth was largely because a large number of employees have recently exercised their stock options, resulting in a bigger pool of floating shares.

Though Google commands the lion's share of the online advertising search market, the addition of DoubleClick's technology and client network will help further its efforts to branch out beyond simple text ads and into more multimedia offerings.

Google and DoubleClick said their combination will offer media buyers and sellers more powerful tools for targeting and analyzing online advertisements and "serving," or placing them, on an even larger network of Web sites.

"It has been our vision to make Internet advertising better _ less intrusive, more effective, and more useful," Sergey Brin, Google's co-founder and president for technology, said in a statement. "Together with DoubleClick, Google will make the Internet more efficient for end users, advertisers, and publishers."

Shares of Mountain View-based Google fell $2.52 to $463.77 in after-hours trading. DoubleClick has been privately held since 2005.

The sellers are San Francisco-based private equity firm Hellman & Friedman, along with JMI Equity and DoubleClick management.

© 2006 AP DIGITAL

This story is sourced direct from an overseas news agency as an additional service to readers. Spelling follows North American usage, along with foreign currency and measurement units.

Ein Doubleclick vergleichbares Unternehmen ist   Libuda   16.04.07 15:00  

ChannelIntelligence, wo Internet Capital 40% hält:

messages.finance.yahoo.com/...d=246940&mid=246940&tof=16&frt=1

Durch die Übernahme von Doubleclick ergeben sich für ChannelIntelligence gigantische Chancen, denn viele Werbetreibenden die sich nicht vollständig in die Fänge von Google begeben wollen, werden zumindest was die Erfolgskontrolle anbetrifft nach einer Alternative suchen: eben ChannelIntelligence.

Seht einfach einmal in die obige Adresse rein.  

Einfach einmal reinlesen:



www.creditex.com/web/press/competitive-edge.pdf


Internet Capital hält hier 15%.

ja klar !

View Larger Who needs profits? A growing number of local tech companies are launching IPOs this year, despite never recording a profitable quarter.

Salary.com Inc. in Waltham, for instance, successfully went public in February, despite a history of red ink. And at least three other money-losing Massachusetts companies recently filed to go public as well: Netezza Corp. in Framingham, Bridgeline Software Inc. of Woburn and BladeLogic Inc. of Lexington.


That said, some profitable companies have recently filed to go public, too, including Starent Networks Corp. of Tewksbury and Monotype Imaging Holdings Inc. of Woburn. And many more local companies could also go public -- profitable or not -- taking advantage of an IPO market that has been sizzling since September.

"The IPO market that we are seeing today is probably the best six-month window that we have seen in the tech IPO markets since the bubble," said Brian Truesdale, managing director of Deutsche Bank in Boston.

According to conventional wisdom, companies used to have to post at least $50 million in annual revenue and two quarters of profitability to go the IPO route. But Truesdale said that doesn't necessarily apply to fast-growing tech companies. He said companies as a rule generally need $10 million to $12 million in quarterly revenue and positive cash flow to go public, but the ratios vary widely depending on the industry niche, business model and growth rate.

For instance, Salary.com had just $16 million in sales last year, but Salary.com also sells "on demand" software through a subscription model, ensuring that it will continue to reap revenue from most of the same customers in the future.

In addition, Truesdale said some companies could try to take advantage of the IPO market by going public earlier than they normally would. Truesdale estimated there are currently 15 to 20 tech companies in the region that may be poised to go public soon.

Nothing's been announced, but industry insiders say possible contenders include: Airvana Inc. in Chelmsford, Crossbeam Systems Inc. in Boxborough, Cedar Point Communications Inc. in Derry, N.H., Equallogic Corp. in Nashua, N. H., Emptoris Inc. in Burlington, Openpages Inc. of Waltham, Netcracker Technology Corp. of Waltham and Spotfire Inc. in Somerville. In addition, Hopkinton-based EMC Corp. recently announced plans to sell 10 percent of its VMware subsidiary to the public through an IPO.

BladeLogic, which makes software to run corporate data centers, is just the latest company to file for an IPO. Though the company's revenue is relatively modest by IPO standards ($37.4 million over the past 12 months), it has been growing quickly. In the latest quarter, BladeLogic took in $12.8 million in revenue, compared with $6 million for the same period a year ago.

The company has 229 workers and expects to hire "significant numbers of new employees, according to its filing with the Securities and Exchange Commission. The company's chief executive is Dev Ittycheria.

And though BladeLogic has never been profitable since it was founded in July 2001, it was close to breaking even in the latest quarter.

BladeLogic said it had more than 200 customers, including Lockheed Martin Corp., Time Warner Inc. and Priceline.com Inc.Rivals include BMC Software Inc. Hewlett-Packard Company, and IBM Corp.

Todd Wallack can be reached at twallack@bizjournals.com.

Re: Internet Capital has a full ipo-pipeline  (Not rated)      1 minute ago     But Emptoris is bigger than the most companies in the article. The revenues in 2006 was about 120 million and could increase to 150-170 million in 2007. And Emptoris had a positve net income.


Therefore we will have a one-billion-ipo or more. The result is, that the 5% of Internet Capital has a worth of 50 million or more.


Sentiment : Strong Buy

Re: Internet Capital has a full ipo-pipeline  (Not rated)      21-Apr-07 05:38 pm     A lot of companies in the ipo-pipeline of Internet Capital are better than the description of the last article: "According to conventional wisdom, companies used to have to post at least $50 million in annual revenue and two quarters of profitability to go the IPO route. But Truesdale said that doesn't necessarily apply to fast-growing tech companies. He said companies as a rule generally need $10 million to $12 million in quarterly revenue and positive cash flow to go public, but the ratios vary widely depending on the industry niche, business model and growth rate."


Sentiment : Strong Buy

bei einem IPO wäre für Creditex sicher nicht zu hoch angesetzt. Wahrscheinlicher ist allerdings eine Übernahme, wenn man sich ansieht, was da momentan in Sachen Derivatebörsen momentan abgeht.


Re: Internet Capital has a full ipo-pipeline  (Not rated)      22-Apr-07 04:42 am     Ready for an ipo or other monetarisation (sale): Creditex. The numbers are from the last presentation of Internet Capital


Business Description

• Leading position in the credit derivatives market with strong bank recognition

• First to launch E-trading and have gained significant traction in Europe

• T-Zero is being launched to address the processing needs of the derivatives industry

• Top 2 Market share in most of the macro products

• Will trade over $2 trillion notional

• CDS market continuing to grow at 50%+ per annum

• Net Income Positive

• Annualized revenue growth over 50% annually since January 2004

• 2006 Revenues at $135 Million


ICG Interest In Creditex

• 15% Ownership Interest

• Doug Alexander holds a board seat


Sentiment : Strong Buy

Und was 15% von einer Milliarde sind, könnte Ihr sicher selber ausrechnen. Und dass das für eine Unternehmmung wie Internet Capital mit einer Marktkapitalisierung von bisher nur 450 Millionen kein Pappenstiel ist, sicher auch.

"All in all, there is little to complain about with BOT results and we expect the stock to react positively to the numbers," Bank of America analyst Christopher J. Allen wrote in a research note Thursday.

CBOT shareholders are scheduled to vote on the offer from Chicago Mercantile Exchange Holdings Inc. on July 9. The company also is reviewing ICE's unsolicited offer.

"The board and its special committee ... are carefully evaluating the ICE merger proposal," Dan said on a conference call with investors.

The ICE bid was said to be worth $9.9 billion when it was announced last month, or more than $1 billion more than the Merc's $8 billion-plus offer from October. Both totals fluctuate based on daily stock prices.

A Merc-CBOT combination would control 85 percent of the U.S. market for exchange-traded futures contracts, while a ICE-CBOT deal would account for about one-third.

The Chicago exchanges allow investors to bet on prices for stocks, metals, currencies, grains, bonds and other things without owning them by buying and selling contracts tied to the value of an underlying commodity or event.

CBOT shares fell $2.08, or 1.1 percent, to $192.42 Thursday on the New York Stock Exchange.

------

On the Net:

www.cbot.com


Sentiment : Strong Buy

Re: Internet Capital has a full ipo-pipeline  (Not rated)      1 minute ago     Important for a compare between Creditex and Combot, was the following about Cbot from the last article: "Quarterly revenue at the financial exchange grew 34 percent to $187.7 million, falling short of Wall Street's estimate of $192.9 million. During the first quarter last year, CBOT had revenue of $140.1 million."

That was quarterly numbers from Cbot. From Creditex we know about revenues from 135 million in 2006, maybe by the growth-rate of 50% about 180 million in 2007. The result is: The revenues of Cbot in a quarter are like revenues of Creditex in a year - that means the revenues of Cbot a four-fold of Crecdtex. And now listen: For Cbot exist an offer of 9.9 billion.

dass für ein Unternehmen mit dem etwas mehr als vierfachen Umsatz von Creditex 9,9 Milliarden Dollar geboten wurden. Der daraus ableitbare Wert von Creditex wäre ca. 2,2 bis 2,5 Milliarden Dollar.

Aber selbst wenn Creditex nur einen Wert von einer Milliarde hätte ergäbe das für die 15% von Internet Capital einen Betrag von 150 Millionen, die auch nicht annähern im Kurs eingefangen sind. Von den 330 bis 375 Millionen, die sich bei einer Bewertung wie bei Cbot ergäben, wollen wir erst gar nicht reden, denn zusammen mit der Cash und Wertpapieren von 170 Millionen lägen wir dann schon weit über der momentanen gesamten Marktkapitalisierung von Internet Capital.

Metastorm continued to witness broad adoption of its BPM software and Process Pod® solutions on a global scale including wins at ADP (France), Cameron McKenna (U.K.), John Deere (Germany), MMA Financial (U.S.), Osborne Clark (U.K.), Rome Airport (Italy), Royal Pharmaceutical Society (U.K.), and Wyeth (U.S.). Existing customers expanding their use of the Metastorm BPM suite included Channel 4 Television (U.K.), Chubb & Sons (U.S), FTN Midwest (U.S.), KPMG (U.S.), SkandiaBanken (Denmark), Staples (U.S.), and the U.S. Navy (U.S.). Strong adoption rates and large enterprise license deals enabled Metastorm to post its 10th consecutive quarter of profitable growth.

Metastorm’s continued revenue performance was recognized by several third party organizations including Smart CEO magazine which presented Metastorm with a Future50 award for its revenue growth, and START-IT magazine which named the Metastorm BPM Suite as a top technology for the manufacturing industry. In addition, Metastorm made KMWorld’s list of the Top 100 Companies that Matter in Knowledge Management for the fourth consecutive year – a validation that BPM technology is not a passing fad but an established enterprise platform with widespread adoption. Metastorm’s BPM leadership was further validated in Q1 by its inclusion in Microsoft’s newly launched Business Process Alliance – an elite set of 10 vendors selected to deliver business process capabilities that complement and extend Microsoft applications.

The most telling endorsement of Metastorm’s performance comes from its customers, who stepped forward to deliver Season 3 of the Metastorm Customers Speak Out video testimonial series – adding to a growing library of live commentary detailing the benefits in efficiency, control, agility, and innovation that Metastorm BPM is delivering across industries and across geographies (www.metastorm.com/customers/videos).

“Metastorm exhibited its ability to deliver consistent growth and profitable results throughout 2006, and we capitalized on that momentum in Q1 to deliver another record quarter,” stated Robert Farrell, president and CEO of Metastorm. “Metastorm customers and partners continue to validate our strategic investments in the company and the product. Organizations want to invest in a proven, established company that will be there to support them long-term, and Metastorm has demonstrated its ability to deliver both measurable results and innovative product capabilities that scale to enterprise needs. Our focus has always been to grow our BPM leadership worldwide, and we have the strategic plan and proven operating model in place to deliver on this objective throughout 2007 and beyond.”

www.internetcapital.com/pdf/presentations/webcast1Q07.pdf

. Über die Beteiliung ICGCommerce, wo Internet Capital 66% hält auf der Quartalkonferenz:

About ICGCommerce in the quarterly report:

• Met revenue and EBITDA targets.

• Successfully launched Kimberly Clark relationship, achieving all milestones
to date.

• Had a number of smaller customer wins and entered the second quarter with a strong sales pipeline.




Über die Beteiligung Starcite, wo Internet Capital 26% hält, in der Quartalskonferenz:

About Starcite in the quarterly report:

• Strong first quarter from both a top line and bottom line perspective.

• New customers include Liberty Mutual, SunTrust Banks, HealthLogiX, a
major Japanese auto manufacturer and a large global food company.

• Expanded relationships with existing customers including Cardinal Health,
Cox Enterprises, Pfizer and JPMorgan Chase.

• Broadened the platform with two new offerings: the industry’s first dinner
meetings solution and EasyBook, an offering designed to efficiently
arrange small meetings.
 

Über die Beteiligung Metastorm, wo Internet Capital 41% hält, in der Quartalskonferenz:

About Metastorm in the quarterly report:

• A leading provider of Business Process Management software.

• Achieved record total revenues in the first quarter, growing software
revenue 30% compared to the first quarter of 2006.

• New customers wins include ADP, Cameron McKenna, John Deere, MMA
Financial, Osborne Clark, Rome Airport, and Wyeth.

• Expanded relationships with existing customers Chubb and Sons, FTN
Midwest, KPMG, Staples and the U. S. Navy.




Über die Beteiliung Freeborders, wo Internet Capital 34% hält, in der Quartalskonferenz:

About Freeborders in the quarterly report:

• Leading provider of technology solutions and IT.

• Hired outstanding CEO, Jean Cholka, out of Kanbay.

• Signed a number of new clients including BNP Paribas, software vendors
Tadley and Accentrix, and Reliance, an India conglomerate.

• Deepened existing relationships with Expedia, LL Bean, Credit Suisse and
Fortis.

Über die Beteiligung Creditex, wo Internet Capital 15% hält, in der Quartalspressekonferenz:

About Creditex in the quarterly report:

•Global market leader in executing and processing of credit derivatives.

•Good first quarter as the merger integration proceeds smoothly.

•Built out its platform to include two new business lines: a loan-only credit derivatives swap and bonds in the US and UK inter-dealer markets.

•T-Zero, the back-end processing solution, showed increased market penetration, as additional dealers have gone “live”during the quarter.

•QWIXX, the list trading platform for the dealer-to-client segment, went live in April with very positive market reaction.