Internet Capital Group Inc. (ICGE) Message Board

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Technology Stocks : Internet Capital Group Inc. (ICGE)

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To: Mark Fowler who wrote (2477)	11/13/2001 6:26:18 PM
From: Skeeter Bug	Read Replies (3) of 4187

>>"All of our companies are making progress toward profitability, even in tough economic times," ICG president and CEO Walter Buckley said.<< >>"We're continuing to streamline and to focus on those firms with the best chance for profitability and longterm success," he said.<< mark, see the contradiction here? the "b" in buckley must stand for "b"ser... ;-) 1 >>ICG said it would end the year with $250 million in cash<< + 1 >>For the quarter ended September 30th, ICG reported a net loss including charges of US$235 million, down from $263 million a year ago.<< = 2 >>ICG said it plans to buy back up to $300 million of its outstanding debt over the next several months.<< bser can't even bs his way through a single press release w/o totally screwing up the math. it doesn't add up. "we have $250 million, we're losing hundreds of millions, we're going to buy back "up to" $300 million (read $1s worth!)" begs the question... with what? sad, sad, sad...

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