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Technology Stocks : ICGX - Intelcom Group

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To: bill who wrote (84)4/15/1998 5:34:00 PM
From: Avi G.  Read Replies (2) of 335
 
The stock is under pressure partly because of option expiration. The next two days could be very volatile with the stock possibly testing the 30 strike. Stock should recover after May 1 when earning are announced. This will be the first time ICG will report combined earnings with Netcom. Combined revenue and EBIDA should be good. Watch out for a one time charge relating to the merger.

All the Internet telephony and FCC is all bull since none of the revenue of ICG is from that nor did ICG make any capital investment related to IP telephony. It is more important strategically since ICG can become a national long distance provider using its network without significant capital investment and regardless of fees.

Next couple of weeks will be difficult.
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