ICGE - MK 135 Mio. € - innerer Wert 700 Mio. € !
Der Artikel ist zwar sehr oberflächlich und Ihr bekommt hier von Libuda sehr viel genauere und konkretere Informationen, aber bemerkenswert ist, dass der Medienboykott gegenüber dem einstigen Darling aufweicht - denn viele schämen sich auch nach 10 Jahren noch, dass sie damals das Papier empfohlen hatten, als es bei 4.000 Dollar stand.
Granted for Process that Revolutionized Meetings Planning, Patent Underscores StarCite’s Leadership and Innovation in Meetings Management Technology
On Tuesday March 23, 2010, 1:00 pm EDT
PHILADELPHIA--(BUSINESS WIRE)--StarCite, Inc., the leading provider of Web-based solutions to strategically manage corporate meetings and events, announced today that it has been awarded U.S. Patent No. 7,523,385, entitled “System and Method for Enterprise Event Marketing and Management Automation” by the U.S. Patent and Trademark Office.
This patent provides StarCite with exclusive rights to its automated attendee registration and management technology solution, which is a core element of StarCite’s industry-leading suite of strategic meetings management technologies.
“We’re energized by this development, which further underscores our position as the proven leader in meetings management technology and highlights the creativity and innovation that are central to the StarCite approach,” said Greg Dukat, chief executive officer, StarCite. “The issuance of this patent was an important milestone in an already successful 2009 for StarCite, a year in which StarCite also achieved new records for sales bookings and customer program expansions.”
Prior to the advent of StarCite’s attendee management automation platform, the process of managing attendees at corporate meetings required a significant amount of manual administration and data collection by meeting planners. StarCite’s patented attendee management and event marketing technology transformed the industry by streamlining this process. It enables meeting planners to, among other things, set up customizable registration pages for each meeting, ensures clear and transparent communication about activities, confirmations and logistics with meetings attendees, and captures all attendee data and preferences in an easily managed database for planners.
About StarCite, Inc.
StarCite, Inc. provides a technology platform that makes meetings and event planning, booking and management simpler, easier, and more cost-effective for corporations, hotels, venues and meetings suppliers worldwide. StarCite delivers visibility, cost savings and control over meetings spending for businesses and enhanced revenue opportunities for suppliers. Through Web-based, on-demand technology, StarCite automates and supports every key element of the meetings planning and procurement process: planning, budgeting, buying, attendance, payment, and results measurement. Using StarCite’s proprietary online marketplace, meetings buyers can connect and conduct business with over 93,000 hotels, venues, destinations and suppliers globally. StarCite is based in Philadelphia, PA. Its equity holders include Internet Capital Group (NASDAQ: ICGE - News), TPG Growth, Norwest Venture Partners (NVP), and TL Ventures. For more information about StarCite please visit http://cts.businesswire.com/ct/CT?id=sma...
http://www.pr-inside.com/...ocurement-outsourcing-market-r1783713.htm
Most important message:
"Suppliers Accenture, IBM and ICG Commerce together account for nearly 80 percent of the overall market in ACV."
"Everest projects the PO market will grow in excess of 20 percent in 2010 and reach nearly US$1.3 billion in annual contract value (ACV) that represents a managed spend of nearly US$170 billion. End-of-term activity will pick up over the next three years involving a book of business valued at US$2.2 billion."
Daraus kann man für die drei Jahre 2011, 2012 und 2013 eine durchschnittliche jährliche Wachstumsrate von 19,2% errechnen. Für die Jahre bis 2013 ergeben sich dadurch folgende Schätzungen für das Marktvolumen:
2010: 1,3 Milliarden
2011: 1,55 Milliarden
2012: 1,85 Milliarden
2013: 2,1 Milliarden
26-Mar-10 Initiated Feltl & Co. Strong Buy $14
15-Sep-09 Initiated ThinkEquity Buy
10-Jul-09 Initiated Janney Mntgmy Scott Buy
15-Feb-08 Reiterated Boenning & Scattergood Market Outperform $16 → $15
08-Aug-07 Reiterated Henley & Company Buy $14.50 → $15
03-Aug-07 Reiterated Boenning & Scattergood Market Outperform $15 → $16
10-Apr-07 Initiated Henley & Company Buy $12.60
09-Mar-07 Reiterated Boenning & Scattergood Market Outperform $14 → $15
Mein Kursziele sind allerdings höher, was aber damit zusammenhängen kann, dass ich eine längere Zeitperiode im Hinterkopf habe: Für Ende 2010 sehe ich 21 Dollar und für Ende 2012 sehe ich 30 Dollar.
http://www.spendmatters.com/index.cfm/2010/3/25/...urement-BPO-Growth
http://www.investors.com/NewsAndAnalysis/Article.aspx?id=528550
http://isht.comdirect.de/html/detail/...n=A0CA1H&type=CONNECTLINE
Offensichtlich haben sich hier auch einige in 2000 als die Aktie bis auf 4.280 Dollar schoss und dann bei 3,40 Dollar landete erheblich verzockt. Dass der Abbau der Emotionen beim Wiederanstieg auf ein momentan realistisches Niveau von etwas über 20 Dollar sich so hinziehen würde, habe ich auch unterschätzt. Aber auch beim momentanen Niveau von 8,50 Dollar hat sich der Börsenkurse im Vergleich zum Net Asset Value lediglich von unter 40% zu Beginn des Jahres auf Werte zwischen 40% und 45% hinbewegt. Das ist selbst für Beteiligungsgesellschaften ein absurder Wert, die im Schnitt zwar auch mit einem Abschlag gehandelt werden, der nur 20% beträgt - und das obwohl Internet Capital im Gegensatz zu vergleichbaren Vehikeln weitgehend zu 100% mit Eigenkapital finanziert wird.
About ICGCommerce:
Procurement outsourcing specialist
2009 revenues grew 28% to $81.5 million compared
with 2008
2009 EBITDA grew to $13.4 from $7.6 million in 2008
Year-end cash balance $23 million
Signed 5 multi-year contracts valued at $42 million
New clients include:
Clorox
Pinnacle Foods
global food and beverage company
leading heavy equipment manufacturer
Significantly expanded relationships with 4 clients
Ich will jetzt nicht behaupten, dass die so gut sind wie Solarwind, die momentan mit 1,43 Milliarden bewertet werden, aber halb so viel sollten sie eigentlich auf jeden Fall wert sein, womit wir bei 715 Millionen wären. Aber selbst wenn wir vorsichtshalber nur von einer Bewertung von 500 Millionen ausgehen, wären die 64% von Internet Capital immerhin 320 Millionen wert. Somit entspräche allein der Wert dieser einen Beteiligung schon der momentanen Marktkapitalisierung selbst nach dem markanten Kursanstieg der letzten Woche. Die Kasse/Wertpapiere von mehr als 100 Millionen und die anderen 11 von 12 Beteiligungen neben Internet Capital gäbe es umsonst. Da sollte eigentlich kein Gähnen aufkommen.
http://www.spendmatters.com/index.cfm/2010/3/25/...urement-BPO-Growth
About ICGCommerce:
Procurement outsourcing specialist
2009 revenues grew 28% to $81.5 million compared
with 2008
2009 EBITDA grew to $13.4 from $7.6 million in 2008
Year-end cash balance $23 million
Signed 5 multi-year contracts valued at $42 million
New clients include:
Clorox
Pinnacle Foods
global food and beverage company
leading heavy equipment manufacturer
Significantly expanded relationships with 4 clients
The revenues of Open Table in 2009 was 13 million lower than the revenues of ICGCommerce. And the growth-rate of the reveneus was 5% lower than the 28% growth-rate of ICGCommerce.
On Wednesday February 10, 2010, 3:50 pm EST
SAN FRANCISCO (AP) -- Shares of OpenTable Inc., which provides online restaurant reservations and guest management services for restaurants, rose sharply Wednesday after the company reported surprisingly good fourth-quarter results.
Citi Investment Research analyst Mark S. Mahaney said that while industry wide reservations are essentially flat year-over-year, OpenTable's reservations grew 40 percent.
"We continue to believe network effects and industry stabilization should drive continued growth acceleration in seatings and reservation revenues near term," he said.
He said OpenTable has a "significant" growth opportunity, since the company, which went public in May, only serves a single-digit percentage of U.S. restaurant reservations.
He reiterated his "Buy" rating on the stock and raised his price target to $38 from $35.
Shares rose $5.67, or 23 percent, to $30.66 during afternoon trading. The stock has traded between $24.04 and $35.50 since going public in May.
Quarterly profit totaled $3.1 million, or 13 cents per share, compared with a loss of $875,000, or 9 cents per share a year ago.
Revenue rose 32 percent to $19.2 million from $14.5 million last year.
During the quarter, subscription revenue rose 18 percent to $9.6 million, while reservation revenue rose 47 percent to $8.5 million.
For the year, profit totaled $5.1 million, or 22 cents per share, compared with a loss of $1 million, or 10 cents per share last year.
Revenue rose 23 percent to $68.6 million from $55.8 million last year.
http://finance.yahoo.com/news/...d-Q4-bw-1982557416.html?x=0&.v=1
Die ersten drei Quartale von 2009 waren nach vielen Quartalen/Jahren von starkem Wachstum weniger gut, sodass man in 2009 insgesamt bei einem Umsatz von ca. 50 Millionen stagnierte.
https://icgcommerce.tms.hrdepartment.com/cgi-bin/...rchjobs_quick.cgi
Die offerieren momentan 41 neue Jobs.
http://messages.finance.yahoo.com/...63483&tof=1&frt=2#263483
http://www.youtube.com/watch?v=QezmOApJ-Mc
ICGCommerce ist die wertvollste unter den 14 Beteiligungen (12 Private Helds und 2 börsennotierte) von Internet Capital. Internet Capital hält 64% an ICGCommerce.
Das Interview deutet meines Erachtens vielleicht darauf hin, dass doch ein IPO vor der Tür steht. Eigentlich bin ich bisher immer von einem Verkauf an ein größeres Unternehmen wie Genpact oder Infosys ausgegangen.
http://www.column2.com/2010/02/...expect-from-the-bpm-market-in-2010/
Metastorm hatte in 2009 nach leichten Umsatzrückgängen durch die Krise einen Umsatz zwischen 60 und 70 Millionen.
Bei 300 Millionen Kaufpreis oder Ipo-Kapitalisierung würden die 33% von Internet Capital immerhin zu Erlösen von 100 Millionen führen - auch nicht schlecht.
"In an interesting echo of a comment that I heard at the time of the Progress-Savvion acquisition, Callaghan links the idea of Progress losing Lombardi as a partner to them acquiring Savvion, although this all happened in such a short time frame that it’s not clear that was the primary driver. He gave some estimates of annual revenue – $30M for Lombardi, $21M for Savvion – that are likely based on the final securities filings around the acquisitions, so may be reasonably accurate. In a follow-up question at the end of the webinar, he stated that Progress paid $49M for Savvion (which is public knowledge), and that 451’s unconfirmed estimate is that IBM paid $170M for Lombardi: a big difference if you consider relative revenues. He said “we have no evidence that IBM and Progress were in a bidding war for Lombardi”, although no one actually asked that question…"