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Non-Tech : The WOLF PACK -- Ignore unavailable to you. Want to Upgrade?


To: Mike Perras who wrote (1675)12/17/2000 1:54:15 AM
From: CBurnett  Respond to of 1692
 
the quarter, Bid.Com experienced a number of non-operational items that
warrant highlighting:
. We realized an accounting gain $20.7 million on the disposition of
our of investment in Quack.com. In exchange for our shares in
Quick.com, we received shares in America Online (AOL), which have
been valued with an appropriate discount factor.
. We recorded an adjustment of $573,000 2000. to reflect
the market value of AOL shares at September 30, 2000
. To reflect the volatility of recent market conditions, impairment
special provision for strategic we investments. recorded a $2.9
million