Bid.com International (BIDS) Message Board

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Microcap & Penny Stocks : Bid.com International (BIDS)

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To: Ginco who wrote (3066)	12/5/1998 12:27:00 PM
From: James	Read Replies (1) of 37507

FROM THE SAT. NATIONAL POST Bid.Com snaps back 'Entirely Ridiculous': President dismisses analyst's criticism as superficial Garry Marr Financial Post Bid.Comn International Inc.a (BII/TSE), up 10¢ to $3.15, on volume of two million shares. Stock in the online auctioneer rallied yesterday after four consecutive sessions of declines. Bid.Com rose 3.3% on the heels of a news report in which Jeff Lymburner, the company's president, lashed out at an analyst questioning the stock's price. Mr. Lymburner told Reuters news agency that a report by analyst Adam Adamou, of Taurus Capital Markets Ltd., contained comparisons that were "spurious" and "superficial." Mr. Adamoud had compared Bid.Com's gross margins to that of EBay Inc. and Onsale Inc., saying they did not match the latter two. The analyst also questioned Bid.Com's net revenue. "The gross margins figure as a stand-alone point of comparison is entirely ridiculous and very irresponsible," said Mr. Lymburner, adding Bid.Com is a "very, very different business" from EBay.

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