ICGE Remains a Hold

By Ian L. Cooper

Despite news that Internet Capital Group (ICGE:NASDAQ) posted a Q3 loss of 12 cents per share, we're still sitting tight. We believe that if a Google IPO materializes, the markets could see a rekindling of dot-com IPO's, which would have a strong bullish impact on ICGE shares. We'll have to wait and see. For now hold on.

As for the earnings report, ICGE's Q3 loss came in at US$35.7 million or 12 cents per share, compared to the US$12.8 million or five cents per share profit recorded a year ago. Revenue also fell, coming down some 19% to US$22.2 million from last year's report of US$27.3 million.

For now hold ICGE. We'll keep you up to date.