Internet Capital Group (ICGE) was up 11.6% in early trading after posting a first-quarter pro forma loss of 66 cents per share, wider than the 13-cent loss in the year-ago period.

The B2B e-commerce incubator also recorded a write-down of $1.2 billion related to acquisitions, in particular

Rightworks

, a procurement software company eventually sold to

i2 Technologies

(ITWO)

.