CNET también está disponible en español.

Ir a español

Don't show this again

Tech Industry

Roundup: ICG, Hadco, Active Voice, Voyager.net

    Internet Capital Group (Nasdaq: ICGE) reported higher net income in the first quarter as it recorded gains on some large investments.

    After market close Thursday, the holding firm for online business-to-business commerce companies reported first quarter net income of $352 million, or $1.30 per share. Analyst typically do not maintain earnings estimates for ICG.

    The company recorded one-time, pre-tax gains of $449 million related to stock in Ariba (Nasdaq: ARBA) received in exchange for a stake in Tradex Technologies; $177 million from VerticalNet (Nasdaq: VERT), which issued shares to buy Tradeum; and $27 million from the sale of stock in i2 Technologies (Nasdaq: ITWO).

    "The turbulent markets cannot mask the major strides ICG has made in the first quarter of 2000," said Walter Buckley, president and CEO.

    Companies in the ICG portfolio recorded total revenue of $211 million, up 342 percent from $47.7 million in the year-ago period. ICG's market maker companies generated $119.4 million in first quarter revenue. Service providers

    During the first quarter, ICG added 15 companies to its portfolio on the way to spending $291 million on acquisitions. ICG also invested $230 million in companies already in its stable.

    Shares of ICG rose to 35 in afterhours activity on the Island electronic communications network. The stock closed Thursday's regular trading at 31 13/16, down 2 1/8 for the session.

    Since the start of the year, ICG's stock price has fallen 85 percent.

    Other companies reporting quarterly results Thursday:

  • Hadco
  • (NYSE: HDC) saw second quarter earnings ahead of analyst estimates.

    The contract electronics manufacturer reported net income of $10.6 million, or 75 cents per share. Analyst consensus predicted a profit of 69 cents per share, according to Zack's Investment Research.

    Second quarter revenue rose 8 percent year-over-year to $275.4 million.

    Also Thursday, Hadco announced it would hold a special shareholder meeting May 19 for a vote on the company's proposed sale to Sanmina (Nasdaq: SANM).

  • Active Voice
  • (Nasdaq: ACVC) lost less than analysts expected in the fourth quarter.

    The provider of messaging and telephony software reported a fiscal fourth quarter loss of $2.8 million, or 26 cents per share. Analyst consensus forecast a loss of 39 cents per share.

    Revenue fell 27 percent year-over-year to $13.1 million from $18 million.

    For the full fiscal 2000, Active Voice lost $4 million, or 40 cents per share, excluding one-time events. The company saw full year revenue of $74.4 million.

  • Voyager.net
  • (Nasdaq: VOYN) topped expectations in the first quarter.

    The Midwest ISP lost $5.9 million, or 19 cents per share, excluding special charges. Analyst consensus predicted a loss of 23 cents per share, according to Zack's.

    First quarter revenue increased 113 percent year-over-year to $18.1 million. Subscribers grew 96 percent from the year-ago period and 10 percent sequentially.>