Business
Investor AM: Why ICG is a 'value'
Business-to-business incubator Internet Capital Group (icge) has pared its work force, portfolio, and ambition as the market for initial public offerings has dried up. Meanwhile, investors and analysts have abandoned shares of this former Wall Street darling.
Business-to-business incubator Internet Capital Group (icge) has pared its work force, portfolio, and ambition as the market for initial public offerings has dried up. Meanwhile, investors and analysts have abandoned shares of this former Wall Street darling.
So why are some analysts calling ICG a value? Most of the value chatter is attributed to the "if" factor. If the Nasdaq rebounds in 2001, if IPOs make a comeback, and if ICG can weather the current tech slowdown, there are compelling reasons why ICG could rebound. Full story. -- Larry Dignan, ZDII