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

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To: Sans Souci who wrote (5333)1/11/1999 7:23:00 PM
From: Thomas Kirwin  Read Replies (1) of 37507
 
Compaq To Buy Shopping.Com In New Web Thrust

Monday January 11 7:05 PM ET

By Eric Auchard

NEW YORK (Reuters) - Compaq Computer Corp. (NYSE:CPQ - news) Monday said it agreed to buy online retailer Shopping.com for $220 million in a deal that advances the No. 1 personal computer maker's role as a major Internet force.

Compaq officials said the company agreed to pay $19 in cash for each outstanding share of Shopping.com (OTC BB:IBUY - news) in a move that expands the combined reach of Compaq-owned Internet properties to roughly a third of the audience on Web.

dailynews.yahoo.com

Regards,

Tom
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