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

To: bob zagorin who wrote (3752)	7/19/2004 1:03:17 PM
From: puborectalis	Read Replies (1) \| Respond to of 4187

VerticalNet announces merger; raises Q2 guidance (VERT) 1.32 +0.16: Verticalnet announced that it completed a merger to acquire B2eMarkets, a privately-held provider of Strategic Sourcing software solutions. The B2eMarkets transaction is effective as of today. In the merger transaction, VERT issued 5.1 mln shares of common stock and delivered a promissory note in the principal amount of $5.92 mln. The note accrues interest at the rate of 8% per annum; note is convertible into 2.95 mln shares of VERT common stock. Co raises Q2 EPS guidance to a loss of $0.05-0.07 (previously a loss of $0.06-0.08) and revs in the range of $6.2-6.5 mln (previously $5.6-5.8 mln), no estimates are available.