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


To: donkeyman who wrote (13040)3/25/1999 8:52:00 AM
From: Syl98  Respond to of 37507
 
He said by May. Could be prior to May 1st just to make sure he does not put is feet in the same shoe



To: donkeyman who wrote (13040)3/25/1999 8:53:00 AM
From: waldo  Respond to of 37507
 


Thursday, March 25, 1999

Bid.Com racks up more gains
Listing talk

Garry Marr
Financial Post

Bid.Com International Inc. (BII/TSE), up $1.95 to $10.20, on volume of 10 million shares.

Stock in the online auctioneer continued to climb yesterday amid speculation the company will get a Nasdaq listing soon.

Late yesterday Bid.Com put out a release at the request of the Toronto Stock Exchange, saying the company was "not aware of any material developments in its business or affairs that would account for the unusual trading activity over the last few days."

Bid.Com said it is continuing to pursue a Nasdaq listing and has nothing new to report.

Bid.Com stock rose 23.6% and reached a new 52-week intraday high of $10.85. Volume in the past two sessions is about four times average levels and yesterday's trades represent about a quarter of outstanding shares.

nationalpost.com

W



To: donkeyman who wrote (13040)3/25/1999 8:54:00 AM
From: BlueChip  Read Replies (1) | Respond to of 37507
 
I agree, I found some of his information confusing??, But I thought some might want read this post.



To: donkeyman who wrote (13040)3/25/1999 8:56:00 AM
From: waldo  Read Replies (2) | Respond to of 37507
 
Takeover speculation boosts Bid.Com

Thursday, March 25, 1999
Mark Evans
Technology Reporter

Bid.Com International Inc. shares continued to surge ahead yesterday, propelled by interest from investors in the United States and speculation it could be a takeover target.

The Toronto-based on-line auction house closed up $1.95 to $10.20 on the Toronto Stock Exchange after reaching a record $10.85 earlier in the day. It was the most actively traded issue in Canada with 10.2 million shares.

Mark Pavan, an analyst with Yorkton Securities Inc. in Toronto, said the rumour de jour is that Bid.Com may be acquired by San Jose, Calif.-based Ebay Inc.

"I think it's a reach because they have two different business models," he said. "Ebay is in the person-to-person auction business and Bid.Com is more business-to-business."

Nevertheless, investors' enthusiasm about Bid.Com rumbles along. The company's stock has climbed 58 per cent this week and more than tripled so far this year.

Ebay has been one of the Internet's most spectacular stock performers. Since going public at $18 (U.S.) a share in September, it has soared nearly 25-fold to $436 (on a pre-split basis) and now sports a market capitalization of $17.6-billion. Montreal-born Jeff Skoll, Ebay's vice-president strategic planning and analysis, owns a 20-per-cent stake.

Buying Bid.Com, which is worth about $400-million (Canadian), would be a drop in the bucket for Ebay, which could easily pay for it by issuing some of its stock that's trading at a price-earnings ratio of 3,115.

"The stock [of Internet companies] are rich because these companies are expected to expand," said Steve Harman, an analyst with Internet.com in San Francisco.

Bid.Com's appeal to investors in the United States is gaining momentum because the company has filed an application to list on the Nasdaq Stock Market. It's expected to start trading by mid-April.

Report on Business Company Snapshot is available for:

Globe and Mail

W