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Gold/Mining/Energy : Bridges.com (T.BIT)

BIT 13.20

-0.1%

Nov 5 4:00 PM EST

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To: David Michaud who wrote (1107)	9/17/1999 6:17:00 PM
From: David Michaud	of 1249

Repost from the BuyLowSellHigh Forum.: ____________________________________________ Name: Grant Robertson E-Mail: groberts@stockreviews.com Date/Time: 9/16/99 2:48 PM Subject: Re: BIT - recent meeting Body: Colin on 9/16/99 1:00 AM said: >>Grant,>> >>>> >>Can you give an update of your meeting with BIT last week. I suspect that BIT could see sales explode when schools and governments realize the power of using the internet for career planning for school kids. This must be a huge potential market that is untapped. >> >>>> >>BIT has great plans to dominate the market; however, did they provide any insight into their plans to diversify and provide ongoing services in addition to the online product. >> >>>> >>Also, are they the only company with this type of product or are there other internet companies that compete with them.>> >>>> >>Seems like the big software or internet companies would do well to buy out BIT - are they worried about that possibility?>> >>>> >>Thanks,>> >>>> >>Colin>> >> Sorry I did not post this info sooner but I was waiting for the Q3 sales report to come out. The market is indeed very large and the company has proven this year that it can achieve equal success in the US market (important for growth). While BIT is the dominant supplier of these services today (there are a couple of small players), we do expect future competition. It is also possible that BIT could collaborate with a company offering complementary services to solidify its dominant market share. There are considerbale barriers to entry that will make it difficult to new industry participants. Diversification is important to BIT and accordingly it has invested significantly in the technology and personnel to launch its career porfolio product which will ultimately create un-intrusive advertising revenue opportunities for the company. This investment has been significant and will likely slow earnings growth this year (in addition to the impact of near-full taxation for the first time). Earnings might be a little weaker than some investors had hoped, and perhaps weaker than our expections for this year as well. Fiscal 2000, however, should reflect the benefits of these extra initiatives. The company continues to build a substantial base of long-term subscribers which will provide a platform for year-over-year growth in revenues. hope this helps, Grant ____________________________________________ OT, meanwhile i'm doing AVQ on ase.... Message 11282678

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