ICG reports widening losses

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Wayne, Pa.--Internet Capital Group, the b-to-b venture capital company and incubator, reported a second quarter 2000 loss of $186.9 million, compared with an $11.2 million loss during the same time period last year. ICG invested about $417 million in 14 b-to-b companies throughout the U.S. and Europe during second quarter 2000. The VC's stock continues to hover in the low $30s, off a 52-week high of $212.
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