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


To: Rich Investor who wrote (10156)2/18/1999 10:43:00 PM
From: The Saint  Respond to of 37507
 
Check this out could this be a possible future announcement for Bid.com to supply action for U.S Home shopping

Shop At Home Shares Rise 50% on Optimism About Internet Moves

Nashville, Tennessee, Feb. 18 (Bloomberg) -- Shares of Shop
At Home Inc., the No. 3 U.S. home shopping retailer, rose almost
50 percent on optimism that the company will soon announce a
marketing agreement with an Internet directory.
Shop At Home rose 4 15/16 to 14 7/8 in trading of 8.45
million shares, more than three times the three-month daily
average.
Shop At Home shares have zigzagged since late December on
speculation about the company's Internet strategy. The Nashville,
Tennessee-based company said Feb. 10 that it will open a World
Wide Web site for auctions of collectibles and other merchandise.
Investors are optimistic that Shop At Home will forge a marketing
agreement with an Internet directory such as Yahoo! Inc. to
promote the site.
''They recognize the importance of being with someone with a
big footprint on the Internet,'' said John Ray, the president of
Legacy Asset Management Inc. ''I do believe strongly that it will
happen.''
Other companies that sell goods over the Internet have
soared after announcing plans to advertise their sites on
Internet directories.
New York-based Bluefly Inc., for example, rose 44 percent in
December after saying it would pay an undisclosed amount to be a
featured retailer for directory Lycos Inc.

--Greg Chang in the San Francisco newsroom (415) 912-2992/dfr

The Saint