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Microcap & Penny Stocks : Bid.com International (BIDS) -- Ignore unavailable to you. Want to Upgrade?

To: hsg who wrote (34426)	7/29/1999 1:35:00 PM
From: James W	Read Replies (1) \| Respond to of 37507

Well then be my guest and short it then.

To: hsg who wrote (34426)	7/29/1999 1:35:00 PM
From: waldo	Respond to of 37507

Thursday July 29 1:08 PM ET Bid.Com Loss Sends Stock Sliding By Susan Taylor TORONTO (Reuters) - High-flying Bid.Com International Inc. (Nasdaq:BIDS - news) came down to earth in morning trade Thursday after the Internet auction house reported a second-quarter loss of 7 Canadian cents per basic share. The stock tumbled 65 Canadian cents to C$7.90 on the Toronto Stock Exchange. The issue has been riding a roller coaster this year, peaking at C$33.65 from a lowly depth of 56 Canadian cents last fall. After the market close Wednesday, the Toronto-based firm recorded a second-quarter net loss of C$3.6 million on sales of C$6.3 million, compared to a net loss of $4.8 million, or 25 Canadian cents per basic share, on sales of C$5.6 million last year. The results represent just a 12 percent jump in sales over the same period last year, but a 25 percent surge from the first quarter. A gross profit of C$1.3 million represents 20 percent of revenue, compared to C$34,000, or 0.6 percent, last year. An increase in licensing fees and services fueled that surge, the company said. Despite those positive signals, the stock dropped on slim trade. ''Typically, the metrics that are used with any Internet stocks are not necessarily earnings at this point,'' said Jason Zandberg, analyst at Pacific International Securities in Vancouver who follows the Internet sector. ''(Investors) look for revenue growth and they look for subscriber numbers or page impressions ... and if those are advancing then typically the stock will stay intact.'' The results follow Bid.Com's recent announcement that it plans to brush up its poor investor relations. Gregory Bewsh recently joined the company to take over as vice-president in charge of investor relations. In early June, Paul Godin gave up his title as the company's chief executive, but that change was not announced for two days. On August 1, co-founder Jeff Lymburner takes over as chief executive. ($1-$1.51 Canadian) dailynews.yahoo.com W