Bright Days Await SunPower

09/13/06 - 11:16 AM EDT

Kevin Kelleher

The holding company has had some modest successes in spinning off some of its properties. It sold online-marketing company Linkshare to Japan's Rakuten for $425 million in 2005. It listed another company, GoIndustry, on the London Stock Exchange's AIM market through a reverse merger with a company called Grasshopper Investments.

And another business-software company, Blackboard , which was listed on the Nasdaq in 2004, is up 49% over the past two years -- despite a ticker that sounds like a very scary credit rating.

ICG's stubbornness just may pay off if it continues to claw its way back toward profitability.

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