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Technology Stocks : Bid.Com International Inc. [NASDAQ: BIDS]
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To: Champolion who wrote ()4/24/1999 2:50:00 PM
From: Champolion  Read Replies (1) of 339
 
Mr. Godin's reaction to Mr. Pavan's "analysis"...

Saturday, April 24, 1999
MARK EVANS
Technology Reporter
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On Wednesday, Mr. Pavan shocked the market by issuing a report
that downgraded Bid.Com to an "underperform" from a
"speculative buy." It was a rare move by an analyst whose firm is
the underwriter. It also is an uncommon rating in a market where
most analysts put a "hold" rating on a stock even if they believe it's
a "sell" to preserve the relationship with the company in question.

Mr. Godin, whose company has been the darling of investors this
year, said he was shocked by Mr. Pavan's decision because
Bid.Com never had an opportunity to talk about the report with
Mr. Pavan before it was published.

"I was stunned," he said yesterday. "The statements contained
within the report hadn't been discussed with management and we
were appalled something like this could be published before even
basic fact checking." Mr. Pavan said he tried to solicit information
from the company.

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