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Technology Stocks : Creative Computers(MALL) -- Ignore unavailable to you. Want to Upgrade?

To: Jonathan S. Feingold who wrote (1018)	12/3/1998 7:15:00 AM
From: ztect	Respond to of 1634

Bid.com has 1000% increase in revenues from previous fiscal year to bid.com or ubid...that is the question B I I sedar.com Dear Shareholder [w.emphasis] 1998 Third Quarter revenue for Bid.Com International Inc., one of North America's leading online auctions, increased 12.5% to $6.3 million from $5.6 million in the second quarter of the year. Revenue for the nine months was $13.7 million, up from $1.2 million in the same period in 1997, an increase of more than 1000%. Gross profit for the quarter increased more than 250% by $0.2 million to 3.2% of sales in the third quarter, up from $51,000, or 0.9% of sales in the second quarter. Gross profit for the nine months was $0.3 million, an increase of more than 200% compared with the 1997 period. The improvement in gross profit resulted from increased site traffic to Top-Bid auctions, the successful launch of Dutch Auctions, as well as the introduction of new products and suppliers, particularly in non-computer related categories. The company fully believes that the trend in margin improvement is sustainable now that it has achieved critical mass and is able to manage balanced growth in revenues and margins. We're beginning to see evidence of our forecasted economic-of-scale, achieving our growth in revenues and gross profits with a reduction in marketing and operating costs. We have been able to reduce our primary operating expense of advertising and promotion, both in gross dollar terms and as a percent of sales, from 61% to 53% of sales. Other operating expenses held constant at 26% of sales. Significant reductions in expenses will occur going forward as we start driving the business to positive cashflow rather than building revenues at the expense of profits. Net losses for the quarter declined marginally from $4.83 million to $4.79 million and were reduced as a percentage of sales from 86.4% to 76.2%. The company's balance sheet reflects the closing of three equity financings in the third quarter, with investors from Canada, the U.S. and Europe. These financings, from new distribution partner, Rogers Media Inc., from Bid.Com's supply chain, and from financial institutions, provided more than $13 million in gross proceeds to Bid.Com. The net effect is an increase in current assets from $2.6 million to $11.4 million, and an improvement in the company's working capital position by $7.7 million from the previous quarter. ====================================== "NEWS" ASSETS CURRENT Cash and short term Investments -1998-$9,090,245-1997 $396,154 Accounts receivable------------------- 283,893--------179,918 Inventory for resale-------------------- 216,100 --------34,800 Deposits and prepaid expenses--------- 1,822,552 -------424,122 ============================================================== --------------------------------'98 11,412,790.. ..'97 .1,034,994 BIG NEWS ======================================= Call your broker to place trades on Toronto's Exchange ================= Links: for quote in canadian dollars $3.91 CAN = $2.54 US quote.yahoo.com =============================== for dd see: geocities.com ================================== for bid.com site: bid.com ===================================== for Sedar listing: Segar search (Canadian version of Edgar) PDF. format (requires Adobe Acrobat) sedar.com

To: Jonathan S. Feingold who wrote (1018)	12/3/1998 8:48:00 AM
From: Mohan Marette	Respond to of 1634

Unexpected European rate cut-Market should go up nicely today. Dollar Soars On Surprise European Rate Cuts 8.32 a.m. ET (1332 GMT) December 3, 1998 LONDON — The dollar firmed over half a pfennig in immediate response to a spate of European rate cuts Thursday. The dollar rose to a high of 1.6831 marks from about around 1.6760 after the Bundesbank and the Bank of France cut their repo rates to 3.00 percent from 3.30 percent. Many market participants had expected rates to stay steady until the start of European monetary union in January. Bundesbank President Hans Tietmeyer said at a news conference the world economic crisis was not over yet and would lead to a further slowdown in 1999. He also said the inflation outlook appeared to be good for some time and that current money supply growth did not point to inflationary dangers. The dollar was at 1.6776/86 marks, up from 1.6715/18 in late European trading Wednesday. The dollar had already risen ahead of the announcements after the Bank of France said it would make

To: Jonathan S. Feingold who wrote (1018)	12/3/1998 8:53:00 AM
From: RockyBalboa	Read Replies (2) \| Respond to of 1634

JF, maybe a short answer Do you think it will go up after the UBID IPO is done. Do I receive an amount of shares of UBID since I own MALL now. I read last weekend that for each share of MALL is worth 0.80 shares of UBID. Is this correct? A uBID price of around 60 will be necessary to bring MALL up to 50+ again, there are some calulations on this thread l and herein a link to a table by Tom Hua there. Message 6604262 Message 6656931 Problem is the weak market performance recently, making Internet IPOs just not so host as a week before. Too bad for the long side that uBID haven't been let in the market earlier. About receiving shares: It is planned that MALL distributes uBid shares to the shareholders not earlier than 180 days after the IPO subject to some clauses, including an approval for tax-free distribution rather than a purchase-sale transaction. NB: If it was not treated as tax free for MALL and that will be anticipated in the market, you would find MALL trade at a hefty discount to uBid. C.