ICG Communications Sinks Further

Author:
Publish date:

ICG Communications

(ICGX)

-- which plunged 58% Monday on an earnings warning -- fell 37.8% in early trading after its chairman and CEO, Carl Vogel, resigned. The stock had risen in preopen trading on the news. In its earnings warning, the company said revenue and profit would be "siginificantly" below expectations. It was the second warning in six weeks.