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Technology Stocks : ICGX - Intelcom Group -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wolf who wrote (90)	5/1/1998 9:17:00 AM
From: Mark Sherry	Read Replies (2) \| Respond to of 335

NEW YORK -(Dow Jones)- ICG Communications Inc. reported Friday that its first-quarter loss widened from a year ago by 34%. The Englewood, Colo., telecommunications and on-line services provider said its loss in the latest quarter was $101.8 million, or $2.30 a diluted share. That includes a $1.9 million pretax provision for impairment of goodwill and $9.4 million pretax provision for Netcom merger expenses. No after-tax per-share amounts were given for the provisions. A year ago, ICG had a loss of $76.0 million, or $1.81 a diluted share. Revenue rose to $125.7 million from $102.1 million, a 23% increase. Figures include results from Netcom On-Line Communications Services Inc., acquired in January. ICG Communications (ICGX) said latest first-quarter revenuec from its core telephone operations were $58.5 million compared with $30.7 million a year ago. The increase in revenue from its telephone business is due to increased local dial-tone lines. The company said total operating costs were $93.5 million compared with $83 million in the year-ago first quarter. Costs rose due to an increase in local switched services and network operating costs. Copyright (c) 1998 Dow Jones & Company, Inc. All Rights Reserved.