Internet Capital Group (ICGE) , the one-time high-flying business-to-business e-commerce holding company, reported a fourth-quarter loss that widened dramatically from the year-ago period, but the company said it expects to finish 2001 with more than $200 million in cash, short-term investments and securities.
For the quarter ended Dec. 31, the company reported a loss of $200 million, or 70 cents a share, excluding asset impairment charges, goodwill amortization and other income. The company, which is based in Wayne, Pa., lost $30 million, or 12 cents a share, for the prior-year period. Analysts' estimates weren't available.
Revenue for the quarter rose to $21.3 million from $1.8 million last year.
Shares of Internet Capital ended
regular trading at $3.44, down 19 cents on the day. The 52-week high is $156.06.