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CMGI Inc (NASDAQ: CMGI), one of the purest Internet plays from the 1990s, was mentioned in Barron's this weekend as a stock worth looking at again.The other pure-play Internet incubator has also come back to life -- Internet Capital Group Inc (NASDAQ: ICGE). This stock was also a must-own incubator stock during the 1990s that followed CMGI's path and fell on hard times.
Internet Capital has a bunch of successful businesses, having sold or taken public a few for big profits, believe it or not.
Currently, Internet Capital has a number of businesses that might be ripe for being taking public. StarCite, an on-demand global meetings management company, recently merged with OnVantage, which should allow it to improve revenue growth and profitability.
Internet Capital also owns a majority interest in ICG Commerce, a procurement services business, which has had some big wins getting Kimberly-Clark as a customer along with contract wins with Microsoft, Alcan and other multinational companies.
Therefore, do not only look at CMGI, also give Internet Capital Group a look.
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Reader Comments (Page 1 of 1)
3-26-2007 @ 1:45PM
Peter said...
Also, check out SFE; same idea.