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Table: I'm Not Going Public


Used to be, Net companies went public before they even had sales. Not anymore. Promising dot-coms are waiting, even in a stronger IPO market. Here's a sample:

GOOGLE

Profitable search engine company with $70 million in sales says push into corporate market needs management's attention more than an IPO does.

INTERNATIONAL SECURITIES EXCHANGE

E-market for stock options made a profit in December. But in May, it raised $25 million privately. ISE says it can grow without a major capital infusion.

ICG COMMERCE

Online procurement site should turn cash-flow positive this year. Major shareholder Internet Capital Group is telling execs to build a longer track record.

TECHTARGET

Publisher of online tech newsletters says it will make $3 million this year on $30 million in sales, despite tech ad bust. Execs want to take risks without worrying about the Street.


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