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To: Jibacoa who wrote (8848)	5/23/2001 4:18:43 PM
From: Jibacoa	Respond to of 13094

ICA: The stock is continuing the up-move that started on Friday, in-spite of today's market's dip.<g> It still sells at 0.19 of book and 0.16 of sales and the earnings on the last Q were now +$0.14 The insiders hold 52% and institutions reportedly have been buying lately. Caveat: I have re-established a long position in ICA.<g> Another caveat: The announcement earlier this months about the company's plan on restructuring.<g> Empresas ICA Sociedad Controladora , Mexico's leading construction firm, plans to slash 20% of its workforce because of a drop in sales caused by the country's economic downturn. Chief Executive BernardoQuintana said about 5,000 of the company's 25,000 to 26,000 workers would be laid off. "The first-quarter results in sales volume impacted us in that we have to make another additional effort to reduce our costs and personnel," Quintana said. ICA's first-quarter revenues were $218 million, down 18% from the same period last year. siliconinvestor.com siliconinvestor.com Bernard