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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: parker_meridian who wrote (37490)2/23/2001 1:43:37 AM
From: Boolish  Read Replies (2) of 37507
 
From Bidding On Bay Street:

While I may be the only one left who is, I continue to be interested in
BID.Com (BII,TSE). Financials released yesterday are gradually improving,
but not fast enough to excite many investors. My prime assumption is: the
key to BII's future success may be an eventual announcement and realization
that BII will be the prime enabler behind GE's Global eXchange Services (GE
-GXS) - if indeed this is the case (GXS will process e-procurement
transactions in the US$ trillions, both for its own organization and other
Fortune 500 companies, in the future). Any announcement will be at the
discretion of GE and not BII. In the meantime supporters continue to watch
for clues of BII's ties with GE. This week BII announced a three-year
agreement with GE Capital Commercial Equipment Financing to power
on-line transactions for a new global asset management electronic
marketplace. BII is now powering "BID BASH", NBCi's home shopping show that
converges Internet with TV (GE owns 40% or more NBCi). GE Capital has
recently issued a couple of press releases on its relationship with Point2,
51% owned by BII. Read the descriptions of GXS' dynamic pricing offerings
in recent GE press releases; they certainly sound like BII solutions. BII's
steady progress has been slow to show up in its numbers, due to a lag
between new contracts signed and their implementation. Some new contracts
signed in the third & fourth quarter are just now going 'live'; the NBCi
implementation was delayed over a year. Fortunately BII has the cash from
its sale of AOL shares to wait it out, until the company can prove it is one
of the few survivors of the original dot-com craze. For the latest scoop
from the top: "Bid.Com will hold a conference call at 10 a.m. ET on Feb. 22
to discuss its financial results. Followers of Bid.Com are invited to
listen to the call live over the Internet on the investor relations'
section of the Bid.Com
site at www.bid.com/investor.asp. The call will also be broadcast on
www.vcall.com and www.streetevents.com."
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