Kursverdoppelung bei Actua Corporation (vorm. Internet Capital)

  Re: Good Market Conditions = IPO of Metastorm near     5 second(s) ago     The ipo of Metastorm will be an mimport sign, that cash and securities could be higher than a half billion at the end of the year

After 130 million cash/securites at the end of the last quarter we have now about 215 million, whe we add the shares of 85 million from ICE through the sale of Creditex.

This amount will increase in the next days about 100 million through the ipo of Metastorm = 315 million.

And cash/securites will pass 500 million, when ICGCommerce were sold this or next year to Genpact. We could read some days ago the numbers of Internet Capital. Part of this numbers by the revenues are only two companies: ICGCommerce and Investoreforce, which are only consolidated. After the sale of great parts of his business Investoreforce is without any revenues. Therefore the following revenues must be the revenues of ICGCommerce:

Income Statement Get Income Statement for:




View: Annual Data | Quarterly Data All numbers in thousands
PERIOD ENDING 31-Mar-08 31-Dec-07 30-Sep-07 30-Jun-07
Total Revenue 16,022 14,062 14,559 12,520
Cost of Revenue 11,371 10,088 10,029 10,381

Gross Profit 4,651 3,974 4


In the result: ICGCommerce had revenues of 16 million in first quarter of 2008 - an increase of two million against the revenues of the fourth quarter of 2007. If the increase in 2008 will only half of the increase from the fourth quarter 2007 to the first quarter 2008, we will have the following revenues in 2008:


1. quarter 2008 = 16 million

2. quarter 2008 = 17 million

3. quarter 2008 = 18 million

4. quarter 2008 = 19 million

That are alltogether 70 million revenues in 2008 and market-cap by a low multiple of 4 of 280 million. Internet Capital owns 65 of ICGCommerce.

By a multiple of 5, which is more realistic, the worth of ICGCommerce = 350. I am sure, that Genpact will pay this price for an entry in the fast growthing market of outsourcing of procurement.
After this monetisatons has Internet Capital additonal to the more than 500 million cash/securites the worth of the following ownerships:

33% of Starcite

32% of Freeborders

46% of Channelintelligence

46% of VCommerce

30% of Commerce360

80% of Investorforce

9% of Anthem Venture

5% of Emptoris

and some smaller ownerships.  

die sind durchaus in der Lage, sich den Kursverlauf nach dem Absturz vor acht Jahren selbst anzusehen. Helfen tut ihnen das für eine fundamentale Analyse, die bei Internet Capital nicht so schwer ist, wie es scheint, nicht.

Seltsamerweise sind 9-Jahres-Charts als Standard nicht vorhanden, das muss man erst so einstellen. Die Frage ist, warum die Verzocker aus der Internetblase sich soviel Mühe geben und von der Standardeinstellung abweichen.  

“We’re delighted to see our customers doing well year-over-year even with the headwinds in the retail industry,” commented Rob Wight, CEO and President of Channel Intelligence. “Our SellCast products are designed to help retailers grow their online business, and seeing movement like this lets us know that our contribution to that process is successful. We congratulate all our retailer clients for a job well done.”


In addition, CI also saw several of its clients listed in the Internet Retailer Top 500 Guide for the first time, including Baby Center debuting at No. 239, New York & Company joining at No. 303, Skechers at No. 362 and Bealls entering at No. 458.


Other 2008 Top 500 ranking SellCast™ Retailer Solutions clients include Overstock.com (No. 30), Neiman Marcus Group (No. 37), Oriental Trading Co. (No. 49), Coldwater Creek (No. 53), Spiegel Brands (No. 56), ShopNBC.com (No. 65), Hanover Direct (No. 81), Drs. Foster & Smith (No. 91), U.S. Autoparts (No. 94), SmartBargains.com (No. 100), and many more.


SellCast™ Retailer Solutions are based on a proprietary data platform that provides retailers with actionable insight and management capabilities to drive profitable online advertising programs in shopping engines, paid search, affiliates and online marketplaces. The solutions are available in outsourced Managed Services with day-to-day activities managed by Strategic Marketing Consultants, Self Managed Services where retailers are provided with industry-leading tools and support, and TrueTag™ Marketing Services, which provides comprehensive tracking and business analytics to drive revenue and improve ROI. In addition, several of the company’s SellPath® Manufacturer Solutions and CI Ad Network Solutions clients were also named in the Internet Retailer Top 500 Guide.

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.

Founded in 1999 by CEO Robert Wight and EVP Alan Fulmer, CI is a partner company of Internet Capital Group (Nasdaq: ICGE) and is headquartered in Orlando, Fla., with offices in Geneva, Switzerland and London, England. Learn more at www.channelintelligence.com.

die Nasdaq war heute leicht verschnupft -
und ICGE hatte gleich eine Grippe bekommen !

3% ging es mit dem "ach so unterbewerteten Titel" nach unten -
und das, obwohl die doch erst einen Merger hatten !

Heute versucht ICGE, ausnahmsweise den Nasdaq outzuperformen.

Hier ICGE und Intershop im Vergleich:





Preisfrage: Welche der beiden Aktien erreicht zuerst das ATL (oder: welche der beiden ist besser ?) ?

Gruss, der blaue Planet

....dennn von beiden sollte man die Finger lassen, Intershop erinnert mich irgendwie an Exodus, ICGE, da ist die Insti-Quote etwas gesunken-ich denke hier sehen wir sehen noch deutlich tiefere (Einstiegs)Kurse

da gebe ich dir recht. Mir gefallen beide Charts auch nicht sonderlich.

Die Frage war auch schon eher sarkastischer Natur..

ICGE ausreden und dafür ein Intershop-Invest zu präferieren, erscheint mir fast so, wie den Teufel mit dem Belzebub auszutreiben.

Gruss, der blaue Planet 

.. den Intershop Chart so zu strecken, dass das Januar Tief im Intershop Chart auf das März Tief vom ICGE Chart projeziert wird, um damit das nächste wichtige Tief im ICGE-Chart abzuleiten. Wer die entspr. grafische Ausstattung und Lust zu dem Projektionsspiel hat, kann ja mal einen Entwurf hier reinstellen.

Gruss, der blaue Planet

Andrew Bartels, Principal Analyst with Forrester Research, and the lead author of the report, states in the Executive Summary that, "Automated spend analysis software is an essential tool for chief purchasing officers (CPOs) at large, global, diversified enterprises...[and] it helps them realize savings promised by past sourcing efforts."

The report examines the critical challenges of gaining spend visibility at global companies, noting that, "If the company is a large, global one with several different enterprise resource planning (ERP) systems, the data will be in different formats, making it hard to get a consolidated picture of purchases across the entire enterprise. Even if a company has a single ERP system, the general ledger codes are at too high a level to be effective in spend analysis."

The report continues, "Given the limitations of spend data from ERP systems, CPOs and CFOs have two options to get actionable insight into what they have bought, who they have bought it from, and who has bought what: manual or consultant-based spend analysis or automated spend analysis."

"The Forrester Research Report is right on. Most Fortune 1000 companies unfortunately do not have a real time view into their spending. The average CEO, CFO and CPO are typically looking at out-dated data. It’s their dirty little secret," said Kirit Pandit, author of 'Spend Analysis: The Window into Strategic Sourcing.' "Companies have long been shackled by the dispersed and disparate nature of their spend data. It’s stuck in dozens of different systems and departments around the globe. However, today there are software tools and outsourced processes that can be used to give a current, consolidated view of spending, and it’s really unacceptable in this environment not to be giving your company that view."

The 20-page report details the growing use of, and business value of, spend analysis and notes that "Emptoris was the first eSourcing vendor to move into automated spend analysis [in 2003] ...[and] has created a very strong product that has attracted 60 clients."

Emptoris Spend Analysis is a fully-automated software solution that empowers business professionals with greater spend visibility to realize greater savings through improved sourcing strategies and better compliance. Collectively, Emptoris customers have analyzed over $9 trillion in spend and aggregate data from over 25 different types of systems, including every major ERP platform. Emptoris customers can analyze their spend along up to 30 different dimensions including: commodity, cost center, GL account, geography, time, payment terms, UNSPSC code and by supplier diversity status, among others.


Sentiment : Strong Buy
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  Re: Someone from another monetization in 2008     5 second(s) ago     An ipo was announced for 2007, but the ipo didn't happen, because the market-conditions was bad in the second half.

With about 160-180 million, Emptoris will have a market-cap of about one billion. Internet Capital owns only 5% - but this are 50 million. I believe, that more than peanuts.  

Zwar wird da nichts veröffentlicht, was nicht schon bekannt ist. Aber die Wiederholung der vielen guten Fakten könnte doch den einen oder anderen darauf stoßen lassen, dass hier ein Unterbewertung um den Faktor 3 vorliegt.

“We’re delighted to see our customers doing well year-over-year even with the headwinds in the retail industry,” commented Rob Wight, CEO and President of Channel Intelligence. “Our SellCast products are designed to help retailers grow their online business, and seeing movement like this lets us know that our contribution to that process is successful. We congratulate all our retailer clients for a job well done.”


In addition, CI also saw several of its clients listed in the Internet Retailer Top 500 Guide for the first time, including Baby Center debuting at No. 239, New York & Company joining at No. 303, Skechers at No. 362 and Bealls entering at No. 458.


Other 2008 Top 500 ranking SellCast™ Retailer Solutions clients include Overstock.com (No. 30), Neiman Marcus Group (No. 37), Oriental Trading Co. (No. 49), Coldwater Creek (No. 53), Spiegel Brands (No. 56), ShopNBC.com (No. 65), Hanover Direct (No. 81), Drs. Foster & Smith (No. 91), U.S. Autoparts (No. 94), SmartBargains.com (No. 100), and many more.


SellCast™ Retailer Solutions are based on a proprietary data platform that provides retailers with actionable insight and management capabilities to drive profitable online advertising programs in shopping engines, paid search, affiliates and online marketplaces. The solutions are available in outsourced Managed Services with day-to-day activities managed by Strategic Marketing Consultants, Self Managed Services where retailers are provided with industry-leading tools and support, and TrueTag™ Marketing Services, which provides comprehensive tracking and business analytics to drive revenue and improve ROI. In addition, several of the company’s SellPath® Manufacturer Solutions and CI Ad Network Solutions clients were also named in the Internet Retailer Top 500 Guide. Rating :
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  Re: The coming star from the second row     3 second(s) ago     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.

Internet Capital had increased the ownership in the last quarter from 40 to 46%.

And you should remember, what happend with greater competitors in the last years: Doubleclick was bought from Google for 3.1 billion and Aquantive from Microsoft for 6 billion.  

die werden sich blaue Flecken holen ...

Einfach nachlesen, die Chancen erkennen und die minimalen Risiken (null Verschuldung, hohe Cash/Wertpapiere, breite Streung der Tätigkeitsbereich) wahrnehmen.

0.8 multiple for the proportional revenues of partner-companies    

About multiples of reveneus you can read in the annual report of yesterday:


You can read from a market-cap of 405 million at the quarter-end in the first quarter 2008, now only 347 million.

You can additional read:

Cash + Escrows = 43 million

BBBB = 75 million (now 85 million)

GOI = 23 million

And they reported from a worth of Creditex of 85 million.

Than they subtracted the 43 million of cash + escrow, 76 million from Blackboard and the 23 million of and the worth of Creditex of 85 million from the market-cap of last quarter-end of 405 million = 179 million. On base of this 179 million they reportet from a 1.9-multiple (base are only proportional 94 million revenues of 2007 from the 8 cores).

But the times had changed. The market-cap had decreased from 405 million to 347 million and the worth of Blackboard-shares had increased from 75 to 86 million.

Therfore we must change out math: We must subtract the 43 million of cash + escrow, 86 million from Blackboard and the 23 million of and the worth of Creditex of 85 million from the market-cap of today of only 347 million = 110 million. On base of this 110 million and 140 million propoirtional revenues of 2008 (94 milllion from the core in 2007 and additional 30% grwoth = 28 million after addtion of 94 million and 28 million = 122 million and additional 16 million proporötional reveues from the other like Emptoris, Commerce 360 and Anthem Venture = 138 million proportional revenues in total), we have only 0.8 multiple.


Sentiment : Strong Buy

sinken. Denn neben den 43 Millionen Cash/Escrow, den 86 Millionen für Blackboard, den 23 Millionen für Goindustry und 85 Millionen für Creditex (Therfore we must change our math: We must subtract the 43 million of cash + escrow, 86 million from Blackboard and the 23 million of Creitex and the worth of Creditex of 85 million from the market-cap of today of only 347 million = 110 million.) dürfen wir bald weitere 100 Millionen an Aktien vom IPO von Metastorm berücksichtigen, sodass ganze 10 Millionen Bewertung für die anteiligen Umsatze der Beteiligungen verbleiben. Zwar sinken durch den Börsengang von Metastorm die anteiligen Umsätze der verbleibenden Private Helds von 140 auf ca. 110 Millionen - aber das Kurs-Umsatz-Verhältnis sinkt auf den sagenhaften Wert von 0,1.

kein Kraut gewachsen:

I don't know any other internet-company with worldwide with 0.8-times revenues, no debts and a grwoth-rate of revenues of 30%.

auf über 500 Millionen Cash/Wertpapiere wird es gehen, wenn neben dem in den nächsten Wochen laufenden IPO von Metastorm auch noch ICGCommerce zu Geld gemacht wird.

From the shareholder-meeting on Friday     12 second(s) ago     Capturing Value:
• IPOs: Total Proceeds:
• Blackboard, June 2004 $ 91m *
• GoIndustry, January 2006 $ 23m **
• Metastorm filing, May 2008 TBD
• Strategic Sales:
• LinkShare, September 2005 $150m
• Marketron, June 2007 $ 37m
• Creditex, expected to close 3Q’08 ~ $ 85m
* Reflects share price as of 3/ 31/ 08 as well as proceeds received from the sale of shares



And next 300 million are knocking on the door: 100 million from the 32% of Metastrom in the next weeks through an ipo and about 200 million from a sale of 65% of ICGCommere to Genpact at the end of this year.

One of Metastorm’s customers – a top global pharmaceutical manufacturer that is subject to the compliance requirements of the U.S. Food and Drug Administration (FDA) – requested to audit the Metastorm BPM suite so that the company could use the software more widely within the organization. The audit, which followed GAMP 4.0 methodology, validated that Metastorm BPM provides this customer with the functionality, process, and technical controls it needs to help comply with regulatory standards including FDA Title 21 CFR Part 11, which governs the use of electronic records and signatures to maintain the security and integrity of certain types of information.

The audit encompassed a review of Metastorm BPM and related aspects including:

The software development life-cycle (SDLC)
Full traceability of business requirements, design, development, testing and release
Metastorm’s HR & personnel qualifications
Standard operating procedure (SOP) adherence
IT & infrastructure best practices

As part of the audit and in an effort to ensure ongoing compliance, Metastorm implemented a formal Quality Management System (QMS) using the good practice guidelines identified by GAMP.

“Metastorm is proud to have successfully completed this rigorous evaluation which confirmed that Metastorm BPM as used by this pharmaceutical customer adheres to the GAMP 4.0 guidelines,” said Greg Carter, Metastorm CTO and Vice President of Development. “BPM is a logical choice for organizations seeking to achieve compliance and governance objectives because it can enforce and manage compliance at the business process level – most often the level at which an organization’s compliance objectives are either met or missed. This latest achievement is evidence of Metastorm’s dedication to being a leader in this industry and should help to make Metastorm an important enterprise platform for other life sciences and pharmaceutical customers.”

Metastorm continues to gain momentum as an EA, BPA and BPM vendor of choice for some of the world’s largest and most successful life sciences and pharmaceutical organizations. For example, Wyeth uses Metastorm to help define business processes and unify its information systems to break down barriers between organizational and geographic divisions and to improve collaboration and innovation. “Wyeth’s Prescription for Business Process Management Success” was featured in the May 30, 2008 issue of CIO Magazine. The story can be viewed online here.



About Metastorm
With a focus on enterprise visibility, optimization, and agility, Metastorm offers market-leading software for Enterprise Architecture (EA), Business Process Analysis (BPA) and Business Process Management (BPM). As an integrated product portfolio, Metastorm Enterprise™ allows organizations to improve business results by unifying strategy, analysis and execution. Metastorm is bringing together these critical disciplines to enable an understanding of enterprise architecture and strategy, accurate impact and opportunity assessment, effective process execution, and accelerated value realization for organizations worldwide. For more information on powering strategic advantage with Metastorm Enterprise, visit www.metastorm.com. Rating :
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  Re: News from Metastorm, who filed an ipo 5 weeks ago     5 second(s) ago     There is only one reason, because Mtastorm hadn't started the ipo: Metastorm is waiting like other ipo-candidates for better market-conditions.  

wie im Kurs annähernd dem 10.03.08, hier hatten wir 7,70$ an der Tafel-das dürfte fast noch einmal DIE Duftmarke werden!

und jetzt schnellstens kaufen und mir einmal den Chart von Ariba ansehen:

finance.yahoo.com/...ohlcvalues=0;logscale=on;source=undefined

Ariba ist wesentlich höher bewertet und viel risikoreicher als Internet Capital, die mit Null Schulden arbeiten und wo inzwischen die Kasse/Wertpapiere die Marktkapitalisierung zu fast 70% abdecken - nach dem anstehenden IPO von Metastorm sind es 100%.

Im übrigen ist die 65%-Beteiligung von Internet Capital, ICGCommerce, mit Ariba vergleichbar und sogar noch viel besser aufgestellt, da sie sich ausschließlich auf das für den Kursanstieg bei Ariba veranwortliche Outsourcing von Beschaffung konzentrieren, während Ariba außerdem Software für Einkaufslösungen verkauft. Ariba hat inzwischen eine Marktkapitalisierung von 1.3 Milliarden erreicht - das legt nahe, dass der Marktführer ICGCommerce, der reiner Spezialist ist, 350 bis 500 Millionen wert sein dürfte.  

Monday, June 23, 2008 - 2:33 PM EDT

Osceola firm to add 420 high-wage jobsOrlando Business Journal - by Dan Ping Staff Writer

Channel Intelligence will spend $33 million to expand its 29,000-square-foot Celebration headquarters by 125,000 square feet.

In addition, the software firm will create 420 local jobs with an average wage of $55,400, which is 200 percent higher the county's current average wage, says Osceola County Economic Development Director Maria Toumazos.

Channel Intelligence organizes and simplifies online product information for merchants such as Best Buy, Overstock.com and Target. The company also helps manufacturers such as Motorola and Toshiba link their Web sites to a list of online and bricks-and-mortar retailers.

"We don't make the shopping sites -- we make the shopping sites better," CEO Rob Wight told Osceola commissioners on June 23. "The largest share of all e-commerce transactions that take place go through Channel Intelligence servers."

Founded in 1999 by Wight and Alan Fulmer, Channel Intelligence works with more than 300 manufacturers and retailers. It is a partner company of Internet Capital Group (Nasdaq: ICGE) and has offices in Geneva, Switzerland and London.

Ist zwar gesetzlich verboten, aber manche verkaufen hier ohne Aktienleihe leer. BIG SHORT ist unterwegs!!!

und kaufen. So billig wäre man ohne die nackten Shortseller nicht dran gekommen.

in einer etwas längeren Version, die uns eine lang gesuchte Information über das Unternehmen liefert. Sie enthält nämlich eine Zahl über den Umsatz in 2007: 20 Millionen. Channelintelligence ist zwar somit kein Riesenunternehmen, aber auch 20 Millionen sind sicher besser als nichts, zumal bis 2012 40 Millionen erreichen will. Auch das ist kein umwerfendes Wachstum, aber sehr solide. Vergleichbare größere Unternehmen wurden im letzten Jahr zwar mit Multiples von über zehn beim Verkauf bewertet (Doubleclick an Google und Aquantive an Microsoft), aber selbst wenn man nur ein Multiple von fünf für die Umsätze von 2007 ansetzt, hätte Channelintelligence immerhin einen Wert von 100 Millionen. Internet Capital hat hier im ersten Quartal den Anteil von 40% auf 46% erhöht, was auf einen Wert des Anteils von Internet Capital von 46 Millionen hinausläuft. Bei einem Verkauf kann es aber auch durchaus das Doppelte und mehr werden. Mircosoft hat ja gerade noch dem Scheitern des Yahoo-Verkaufs angekündigt, dass es viele Zukäufe in der Branche von Channelintelligence vorhabe.

schon vorprogrammiert, die US Future zeigen einen schwarzen Dienstag an. Gestern um die 4% minus, wer momentan kauft, dem kommt es einem griff in´s Klo gleich, bzw. der Griff ins fallende Messer.