Strategic Intelligence will stay private

A small integrated research, internet and conference company based in Singapore called Strategic Intelligence (SI) has announced that it will not pursue the IPO it was originally planning to do in the second half of 2000. Anthony Venus, CEO of the company explained that not only are the public markets not good at the moment, but also that management time is better devoted to earning revenues than battling ahead with a listing. He also believes that the private equity market is still better for start-ups than the public markets and to illustrate his point he disclosed that Jupiter Communications, the US internet research house has purchased a 17% stake in the company.