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

To: Tiger USA who wrote (34469)	7/30/1999 7:53:00 AM
From: GoNorth	Read Replies (2) \| Respond to of 37507

Tiger, here is a lot more information re BII's numbers. >>Friday, July 30, 1999 No stopping Bid.Com's share slide Thomas Hirschmann Financial Post Shareholders showed no sign of abating their pummelling of Bid.Com International Inc., driving the share price down another 9.9% yesterday after the firm reported its second-quarter results. Revenue rose 25% over first-quarter levels, but left the firm needing to more than triple first-half sales in the second half of 1999, in order to meet its target of $50-million. The stock has sagged 77% since a year-high intraday price of $33.65 on April 27, just before analyst claims of overvaluation. The shares (BII/TSE) closed the day down 85¢ at $7.70. Late on Wednesday, the Toronto-based Internet auctioneer put out second-quarter numbers showing revenue rose to $6.3-million from $5-million in the first three months of 1999. Bid.Com had a net loss of $3.6-million (7¢ a share) in the first quarter, compared with a net loss of $3.5-million (9¢) in the first quarter. Earlier this year, analysts displayed skepticism when Bid.Com said it would turn a profit in the third quarter. Jeff Lymburner, Bid.Com president, said in a release the company is now looking for "cash flow break-even" in the fourth quarter of 1999, but made no mention of profitability. First Call Corp.'s survey of analysts forecasts a net loss for fiscal 1999 of 28¢ a share. That forecast estimates a net loss of 12¢ in the second half of the fiscal year, compared with the actual net loss of 16¢ in the first half. In April, Bid.Com shares were rocked after being downgraded by Mark Pavan, an analyst with Yorkton Securities Inc., which underwrote three of Bid.Com's financings.