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Strategies & Market Trends : Three Amigos Stock Thread

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To: Ditchdigger who wrote (14579)3/26/1999 11:36:00 PM
From: Sergio H  Read Replies (1) of 29382
 
DD, did you see this ?
stockhouse.com
<Bid.Com Soars on Rumours of eBay Takeover


Vancouver, BC, March 25th /SHfn/ -- Shares in eBay, the world's largest person-to-person online trading community, continue to climb on speculation of a possible takeover of Toronto-based Bid.Com. Shares in Bid.Com have also been on a rise closing up $1.95 to $10.20 on the Toronto Stock Exchange after reaching a company high of $10.85 earlier on Wednesday. Paul Godin, Chairman and CEO of Bid.Com, in disagreement that the stock surge is related to the takeover rumor, stated "It's all rumor, there has been no contact, no talks." Godin says that the recent stock rise is more related to pending news of their NASDAQ application rather than any possible takeover speculation "I think its anticipation more than anything with people keeping an eye on their calendars." In a response to a Toronto Stock Exchange request, the company announced that "it is not aware of any material developments in its business or affairs that would account for the unusual trading activity over the last few days. The company continues to pursue a NASDAQ listing and has nothing new to report at this time."

With a recent CBC Newsworld report that has fueled the takeover speculation, shares in eBay had climbed to a mid-morning share price of $159.50. Bid.Com's appeal to investors in the United States has been peaked recently with their application for a NASDAQ listing which the company says should be announced by mid-April. >

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