Internet Capital Group Inc. (ICGE) Message Board

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Technology Stocks : Internet Capital Group Inc. (ICGE)

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To: Madharry who wrote (1832)	12/28/2000 6:04:47 PM
From: puborectalis	Read Replies (1) of 4187

VerticalNet Rises on Speculation PurchasePro.com to Buy Stake 12/28/00 2:06:00 PM Source: Bloomberg News Horsham, Pennsylvania, Dec. 28 (Bloomberg) -- VerticalNet Inc. shares rose 17 percent on speculation PurchasePro.com Inc. would buy a stake in the manager of Web sites through which businesses can buy and sell products, an analyst said. VerticalNet shares, which have fallen 92 percent this year, rose 97 cents to $6.63 today. The shares have surged 46 percent in the last four trading days. Analyst Thomas Neuhaus at BB&T Capital Markets said VerticalNet's investor-relations department told him PurchasePro.com isn't buying a stake in VerticalNet. PurchasePro.com also runs sites for exchanging products on the Internet, including a Web exchange for Hilton Hotels Corp. Neuhaus rates VerticalNet ''hold.'' PurchasePro.com spokesman Matthew Brimhall said the speculation was ''unfounded.'' Horsham, Pennsylvania-based VerticalNet wasn't immediately available to comment.

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