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Technology Stocks : Internet Capital Group Inc. (ICGE) -- Ignore unavailable to you. Want to Upgrade?


To: Mohan Marette who wrote (1443)3/15/2000 9:43:00 AM
From: Mohan Marette  Read Replies (1) | Respond to of 4187
 
RESEARCH ALERT - Internet Capital Group

Wednesday March 15, 9:02 am Eastern Time

NEW YORK, March 15 (Reuters) - Lehman Bros. reiterated its buy rating on Internet Capital Group (NasdaqNM:ICGE - news) on Wednesday with a price target of $200 a share, following its announcement on Tuesday that it would form a business-to-business Internet financing unit.

-- The group, called eColony, expects to finance over 100 startups in the next 18 months.

-- ``The creation of eColony underlines ICG's commitment and focus on the B2B space,' Lehman said in a research note.

-- Shares closed at 117-3/16 on Nasdaq on Friday, down 9 percent, or 11-7/8, from the previous close.