ICGX - Intelcom Group Message Board

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Technology Stocks : ICGX - Intelcom Group

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To: RBattman who wrote (19)	10/13/1997 3:28:00 PM
From: Oeconomicus	of 335

RB, don't worry about today's drop in ICGX, just arbitrage selling. As for dilution, based on the info I've seen, I doubt that's an issue. First call earnings estimates for ICGX are -9.21 and -7.42 per share for calendar '97 and '98, respectively. It's not trading on earnings anyway and I think the math will show anti-dilution. Note also the following: 1) Adding NETC brings price to sales (incl debt and net of cash) down to around 3.5 vs 4.9 Friday for ICGX alone. 2) NETC is EBITDA positive, so its cash burn rate is dwindling and would soon be zero. With the potential cost savings of using ICGX fiber, NETC begins to look like a steal. As for attractiveness of ICGX for takeover, I doubt this would be a negative. More likely a positive. BTW, Shelby Bryan will be on CNBC Squawk Box at 9:00 est tomorrow and Joe Kernan says he will ask that attractiveness question. Regards, Bob (just visiting from the NETC thread)

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