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

To: twentyfirstcenturyfox who wrote (34927)	8/19/1999 9:57:00 AM
From: waldo	Read Replies (2) \| Respond to of 37507

Thursday, August 19, 1999 Internet plays get a shot in the arm Relief for bid.Com Garry Marr Financial Post, with files from Bloomberg News Stock in online auctioneer Bid.Com International Inc. rose nearly 22% yesterday as Internet plays got a boost from a positive report out of the United States. Bid.Com (BII/TSE), closed up $1.35 to $7.50, its highest close in four weeks and its first significant increase since the company released disappointing second-quarter results at the end of July. After closing as high as $12.05 last month, Bid. Com shares have been in a decline, again tagged "underperform" by the only analyst who follows the company. Mark Pavan, of Yorkton Securities Inc., reiterated in his latest report that the stock was trading at an excess premium to peers. U.S. Internet plays shot up after Henry Blodget, an analyst with Merrill Lynch & Co., recommended the stocks of eight companies poised to benefit from stronger holiday sales. They included Amazon.com Inc. and Yahoo! Inc. Yahoo! (YHOO/NASDAQ) rose $6 3/16 to $145 1/16 (US) and Amazon (AMZN/ NASDAQ) rose $3 7/8 to $113 1/8 (US). Revenue from online purchases and advertising could double or triple from the level of last year's holiday season, Mr. Blodget said, adding the eight could trade 50 to 100% higher by year-end. The other stocks he recommended were Toys Inc., Excite At Home Corp., Lycos Inc., Inktomi Inc., Barnesandnoble.com Inc. and America Online Inc. Mr. Pavan, whose firm has done three separate financings for Bid.Com, shocked investors in April by downgrading Bid. Com. He was even harsher this time, citing the company for a lack of disclosure in the way it reports. "We were disappointed by the vagueness and lack of detail in the company's discussion of results in their first quarterly conference call," wrote Mr. Pavan. Bid.Com revenue rose to $6.3-million in the second quarter, up from $5-million in the first quarter, but it appears the company could fall short of its target of $50-million in revenue for fiscal 1999. "We do not view [the $50-million] as out of the realm of possibility, although our revenue estimate of $8.2-million for [the third quarter] is significantly lower than the company's target," wrote Mr. Pavan. He was highly critical of a number of areas where there is lack of disclosure, including a breakdown of gross margins and revenue categories and the amount spent on loss leaders in the quarter. "Given the lack of disclosure, revenue visibility is poor," he said. In July, Bid.Com hired a new vice-president of investor relations to revamp that department. nationalpost.com W

To: twentyfirstcenturyfox who wrote (34927)	8/19/1999 3:24:00 PM
From: GoNorth	Read Replies (1) \| Respond to of 37507

inge, have you been in a coma or something? You're responding to one of my posts apox. 500 posts ago! It really doesn't matter what the 'audit profession' calls it the fact is BII has no earnings so how is it possible to have an earnings report? >>I'm a bit of a stickler for detail', you say? The auditing profession calls all financial reports of operating results either " Report of Earnings" or " Statement of Earnings".