ICGE - MK 135 Mio. € - innerer Wert 700 Mio. € !

The cash/securites of 125 million and the ownerhship in four of 12 private hold companies, 64% of ICGCommerce with a value of 333 million, 33% of Metastorm with a value of 89 million, 36% of Starcite with an value of 79 million and 31% of Freeborders with an value of 77 million, is with 703 million a lot higher than the market-cap of today.  

Investorforce am schnellsten - allerdings arbeiten die in Nische und die Ausgangsbasis war niedrig, nachdem sie vor ca. zwei Jahren einen Teil des Geschäftes für 10 Millionen verkauften, die aber im Unternehmen blieben und offensichtlich für die Expansion genutzt wurden.

Announces COLLECT
New Service Streamlines Account Level Performance Data Collection for Investment Managers and Institutional Investment Consultants



InvestorForce On Monday April 12, 2010, 8:30 am

WAYNE, Pa.--(BUSINESS WIRE)--InvestorForce, the world’s premier provider of performance reporting solutions to institutional investment consultants, today announced its new investment manager data collection service, InvestorForce COLLECTTM, to be released later this quarter.

InvestorForce COLLECTTM streamlines and standardizes what has traditionally been the highly inefficient process by which investment managers and consultants collect and communicate account-level performance data.

The InvestorForce COLLECTTM platform, which includes a real-time, centralized web dashboard accessible by both institutional investment consultants and investment managers, provides managers with a single portal to submit account level performance data to consultants for all of their shared clients. This system will ease managers’ and consultants’ administrative burdens and allow manager data to be captured more efficiently by consultants for use in their performance reporting. COLLECT will be made available to investment managers at no cost.

“InvestorForce COLLECTTM solves a problem in every manager-consultant relationship, which requires a unique, typically manual method for capturing and communicating collection status of this data,” said Blake McLaughlin, Vice President of Product Management at InvestorForce. “It provides a single, automated solution that delivers time- and cost-efficiencies to both managers and consultants across their shared clients.”

“We are excited about the potential of COLLECT,” noted Robin Henoch, Director of Marketable Performance Reporting for Cambridge Associates, a leading global investment consulting firm that has been a driving force in COLLECT’s development. “Having a single, standard method for collecting account level performance data from managers of marketable assets has the potential to provide significant benefits and efficiencies that will help us, and other consultants, better serve our institutional and private clients.”

"COLLECT addresses and resolves a very painful process that most institutional investment managers deal with every reporting period,” said Brad Blalock, Global Co-head of Consultant Relations at Morgan Stanley Investment Management. “COLLECT will streamline this process and create significant efficiencies, allowing us to redirect our resources to focus on higher value services.”

InvestorForce COLLECTTM is a component of the InvestorForce Performance Reporting NetworkTM (iPRN), which supports institutional consultants in aggregating data, calculating performance, and generating reports for over 2,500 of the world's largest and most sophisticated pension plans, endowments, and other institutional investors. More than $4 trillion in combined assets are managed through the InvestorForce platform by its clients.

About InvestorForce

InvestorForce provides institutional investment consultants with a suite of web-based integrated performance management tools ranging from data collection services to performance measurement and reporting. InvestorForce clients can use any or all of the InvestorForce suite of products to drive operational efficiencies in their performance management process and deliver better client service. For more information, please visit http://cts.businesswire.com/ct/CT?id=sma...  

http://messages.finance.yahoo.com/...p;mid=263928&tof=4&frt=2  

im letzten Posting:

"The cash/securites of 125 million and the ownerhship in five of 12 private hold companies, 64% of ICGCommerce with a value of 333 million, 33% of Metastorm with a value of 89 million, 36% of Starcite with an value of 79 million, 31% of Freeborders with a value of 77 million and 50% of Channelintelligence with a value of 65 millión , is with 768 million a lot higher than the market-cap of today."  

http://messages.finance.yahoo.com/Stocks_(A_to_Z)/...orumview?bn=9069  

auch die Beteiligungen von Internet Capital:

IBM setzt guten Lauf fort   23:16 #190  
IBM setzt guten Lauf fort
22:44 19.04.10

ARMONK (dpa-AFX) - Der IT-Konzern IBM (Profil) ist mit Schwung in dass neue Jahr gestartet. Wieder einmal war das Software-Geschäft die Triebfeder des Unternehmens. Im ersten Quartal verdiente IBM unter dem Strich 2,6 Milliarden Dollar. Das sind 13 Prozent mehr als im Vorjahreszeitraum. Konzernchef Samuel Palmisano zeigte sich am Montagabend am Sitz in Armonk (Staat New York) zuversichtlich, dass der gute Lauf anhält.

Der Umsatz ging um 5 Prozent auf 22,9 Milliarden Dollar nach oben. IBM hat die Wirtschaftskrise von Anfang an wesentlich besser weggesteckt als die meisten anderen Unternehmen. Der einst für seine Heimcomputer berühmte Konzern setzt seit langem auf die profitablere Software und auf IT-Dienstleistungen für Unternehmenskunden. Mit seinen Firmenrechnern hat IBM aber auch weiterhin ein starkes Standbein in der Hardware.

Die Gewinnprognose für das Gesamtjahr schraubte IBM nach oben und erwartet nun ein Ergebnis je Aktie von mindestens 11,20 Dollar - 20 Cent mehr als bislang und auch besser als das Vorjahresergebnis von 10,01 Dollar je Aktie. Andere Technologiewerte wie Intel und Advanced Micro Devices (AMD) hatten mit ihren glänzenden Zahlen die Erwartungen aber bereits geschürt, so dass die IBM-Aktie nachbörslich leicht nachgab./das/DP/he

Quelle: dpa-AFX  

The cash/securites of 125 million and the ownerhship in six of 12 private hold companies, 64% of ICGCommerce with a value of 333 million, 33% of Metastorm with a value of 89 million, 36% of Starcite with an value of 79 million, 31% of Freeborders with a value of 77 million, 50% of Channelintelligence with a value of 65 millión and 36% of Whitefence with a value of 47 million , is with 815 million a lot higher than the market-cap of today.

Und da fehlen noch die sechs kleineren der insgesamt zwölf privaten Beteiligungen  

http://messages.finance.yahoo.com/...p;mid=263928&tof=3&frt=2  

Beteiligung - den 64% an ICGCommerce:

Unilever and Kimberly-Clark lead CP procurement outsourcing

Since 2006, more than 20 per cent of top-tier US consumer products (CP) companies including Unilever, Kimberly-Clark, Sara Lee and Chiquita have signed procurement outsourcing agreements in an effort to reduce indirect costs, drive bottom line improvements or reinvest to drive growth, it has been claimed.

Procurement outsourcing firm ICG Commerce, which compiled the estimate, predicts that adoption of procurement outsourcing is poised to accelerate in 2010.

“Based on increased pressure to quickly meet changing business demands, CP companies continue to be the leading adopters of procurement outsourcing,” said Rachael Stormonth, senior vice-president at Nelson-Hall, a leading Business Process Outsourcing (BPO) research firm.

“Companies such as Unilever, Kimberly-Clark, Sara Lee and Chiquita are using procurement outsourcing to reduce non-core costs and increase the effectiveness of their procurement function.”

“In 2010, the ability to drive earnings per share improvements continues to be a challenge with a short list of solutions,” added Jon Feeney, managing director research, Consumer Research Group, Janney Montgomery Scott LLC.

“Those companies who focus aggressively on productivity will be most successful. I have seen a number of CP companies implementing strategies involving procurement outsourcing to improve productivity and reduce costs and expect this trend to continue.”

According to ICG, for most of 2009, consumer products leaders reduced costs through traditional one-time measures such as employee layoffs, plant closings and product price cuts. In 2010, even with economic conditions stabilising, companies are looking for new ways to fund innovation and growth.

“CP executives’ primary focus has traditionally centred around the consumer-facing side of the business, and especially of late, understanding changing consumer behaviors with the downturn,” said Manly Molpus, a member of ICG Commerce’s CP Executive Advisory Board.

“More recently, leaders are stepping back to look at the overall business from top to bottom, with a focus on costs too -- and procurement outsourcing represents an important opportunity to improve operations and optimize spending.”  

The cash/securites of 125 million and the ownerhship in seven of 12 private hold companies, 64% of ICGCommerce with a value of 333 million, 33% of Metastorm with a value of 89 million, 36% of Starcite with an value of 79 million, 31% of Freeborders with a value of 77 million, 50% of Channelintelligence with a value of 65 millión, 36% of Whitefence with a value of 47 million and 89% of Govdelivery with a value of 20 million , is with 835 million a lot higher than the market-cap of today.  

Companies:

http://messages.finance.yahoo.com/...p;mid=263928&tof=3&frt=2  

also auch der achten, Investorforce, gilt: The cash/securites of 125 million and the ownerhship in eight of 12 private hold companies, 64% of ICGCommerce with a value of 333 million, 33% of Metastorm with a value of 89 million, 36% of Starcite with an value of 79 million, 31% of Freeborders with a value of 77 million, 50% of Channelintelligence with a value of 65 millión, 36% of Whitefence with a value of 47 million, 89% of Govdelivery with a value of 20 million adn 81% of Investorforce , is with 852 million a lot higher than the market-cap of today.  

http://messages.finance.yahoo.com/...p;mid=263999&tof=2&frt=2  

erheblichen Kurssteigerungen vom 52-Wochen-Tiefpunkt 4,45 auf zuletzt 10,88 die Marktkapitalisierung erheblich unter dem in 212 unterstellten Fair Value.

Internet Capital Group, Inc.(NasdaqGM: ICGE)
After Hours: 10.88 0.00 (0.00%) 4:26PM EDT

Last Trade: 10.88
Trade Time: Apr 23
Change:  0.09 (0.82%)
Prev Close: 10.97
Open: 11.00
Bid: 10.36 x 300
Ask: 11.40 x 300
1y Target Est: 11.67
Day's Range: 10.80 - 11.10
52wk Range: 4.45 - 11.11
Volume: 162,982
Avg Vol (3m): 278,233
Market Cap: 396.28M
P/E (ttm): 25.72
EPS (ttm): 0.42
Div & Yield: N/A (N/  

und ihre Marktkapitalisierungen:

http://searchquant.blogspot.com/2010_04_01_archive.html  

wo Internet Capital 64% hält:

http://www.everestresearchinstitute.com/Product/11128  

http://messages.finance.yahoo.com/...p;mid=263999&tof=3&frt=2  

Wichtig vor allem die Entwicklung bei ICGCommerce

Very excellent was the 4. quarter of this company:

"ICG Commerce’s reported revenue grew to $22.7 million in the fourth quarter and $81.5 million for the year ended December 31, 2009, increases of 30% and 28%, respectively, over the comparable 2008 periods. ICG Commmerce’sEBITDA, excluding the impact of stock-based compensation and unusual items, was $4.9 million in the fourth quarter and $13.4 million for the year ended December 31, 2009, up from $3.1 million and $7.6 million, respectively, in the comparable 2008 periods."


Therefore my estimate for the first quarter of 2010 for ICGCommerce is:

ICG Commerce will report a revenue grew to $24.6 million in the first quarter of 2010. ICG Commmerce’s EBITDA, excluding the impact of stock-based compensation and unusual items, will be $5.9 million in the first quarter of 2010.  

http://messages.finance.yahoo.com/...63928&tof=3&frt=2#263928  

 

"The cash/securites of 125 million and the ownerhship in nine of 12 private hold companies, 64% of ICGCommerce with a value of 333 million, 33% of Metastorm with a value of 89 million, 36% of Starcite with an value of 79 million, 31% of Freeborders with a value of 77 million, 50% of Channelintelligence with a value of 65 millión, 36% of Whitefence with a value of 47 million, 89% of Govdelivery with a value of 20 million, 81% of Investorforce with a value of 17 million and 25% of Acquirgy with a value of 5 million , is with 857 million a lot higher than the market-cap of today."  

- neuester Update:

http://messages.finance.yahoo.com/...63999&tof=1&frt=2#263999  

Positiv wird hier Metastorm überraschen   10:26 #4642  Strong growth will come from Metastorm, too.

I believe, that the numbers of Metastorm in the 4. quarter of 2009 was okay in times of downturns of the economy:

Partner Company Highlights

BPM software and services
2009 revenue declined to $67.7 million compared
with 2008

EBITDA significantly improved compared with 2008

Q4 2009 EBITDA was $1.0 million

2009 EBITDA was $1.8 million

Q4 2009 revenue declined to $17.1million from $19.1 million in Q4 2008

Revenue deferrals impacted results
Bookings strong in Q4 at $19.5 million

Down slightly from $19.9 million in Q4 2008

Entering 2010 with $6.5 million of revenue to be recognized from deferred 2009 bookings  

als Internet Capital:

http://messages.finance.yahoo.com/...p;mid=264036&tof=1&frt=2

Für Anleger mit einem Zeithorizont von heute bis übermorgen macht ein Engagement bei dieser Aktien keinen Sinn.  

der Internet Capital-Beteiligung Starcite:

http://finance.yahoo.com/news/...-New-bw-1997592330.html?x=0&.v=1

Internet Capital hält 36% an Starcite.