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Technology Stocks : Internet Capital Group Inc. (ICGE)

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From: bob zagorin11/4/2004 3:43:52 PM
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Did anyone notice that ICGE realized $3m in Q from selling GOOG stock that they had. Never heard of that before.

CC was moderately positive. the ecommerce businesses (ICG, Starcite etc) are doing well; CQ is lagging because the software licensing model is difficult.

they expect improvements in 2005 and 5 of the equity cos. are still EBITDA positive or close. the balance sheet is the best its ever been $67m cash, $54 liquid stock (BBBB+a little VERT) and the co is using hardly any cash. they spent $3m to increase share of starcite to 37%

btw, the lost customer for ICG was announced almost a year ago and talked about in one of their presentations a few mos back. it was one of the consulting firms they had partnered (can't remember name right now) that liked the procurement business so much they decided to become a competitor... but ICG is doing very well...
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