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Technology Stocks : Intermedia Communications ICIX
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To: val carlson who started this subject7/10/2000 11:46:40 PM
From: gruetz  Read Replies (2) of 313
 
LOF: What is going on here? Large volume selloff in ICIX while DIGX moves higher. Based on fully diluted shares outstanding, I calculate ICIX being valued at a market cap of negative $1.1bln. With net debt at $1.5 bln (noncnvt debt less cash, this means that everything ICIX has away from DIGX is valued at $400 mln. This is absurd!
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