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

To: donkeyman who wrote (16930)	4/6/1999 9:56:00 PM
From: mike machi	Respond to of 37507

Historical Quotes Nasdaq:ONSL Date Open High Low Close Volume Adj. Close* 1-Dec-98 50.875 63 50.75 54.25 9,088,600 54.25 30-Nov-98 106.375 108 48 61.5 14,285,300 61.5

To: donkeyman who wrote (16930)	4/6/1999 9:58:00 PM
From: Thomas Kirwin	Read Replies (3) \| Respond to of 37507

Biding Frenzy Rises Over Bid.com GARY NORRIS TORONTO (CP) - Call it Internet mania or the latest proof of a brave new order in the world of commerce. Either way, Web auction site Bid.Com International Inc. (BII) is now valued at over $750 million - five times as much as Eaton's and up a quarter of a billion dollars so far this month. "Massive lunacy," Jim Carroll, author of the Canadian Internet Handbook, said Tuesday as Bid.Com shares closed up $3.15 at a record $19.90 on 5.4 million shares traded on the Toronto Stock Exchange. This followed a $2.35 gain Monday; the shares were worth $12.85 on April 1 - and 56 cents last October. All this for a company that lost $18.7 million on revenue of $20.1 million in 1998. Bid.Com's sole significant asset is a Web site that brings together sellers and buyers of computer equipment, consumer electronics, cameras, jewelry and miscellaneous goods, from hockey sweaters to crystal cats. However, the revenue figure was up seven-fold from $2.7 million the year before and the company was attaining "critical mass," Bid.Com chairman and chief executive Paul Godin said last month. "Anything remotely related to the Internet is just getting this huge and ridiculous stock valuation because of people buying into the concept that the Internet is going to be worth billions and billions in the future," Carroll said. The latest surge in Bid.Com's share price "could be driven by one of two things" said Jordan Worth, an Internet and telecommunications analyst at International Data Corp. (Canada). "One is any continuing expectation that (U.S. Internet auctioneer) eBay would purchase them. Probably more likely at this point is straight momentum on Internet stocks, given that it's one of the only pure-play Internet stocks in Canada." Additionally, "It's going to be put on the TSE 300 in the next little while (April 16), and probably Nasdaq after that." It's impossible to say when the phenomenal rise in Internet stocks - which has been compared to the Dutch tulip-bulb mania of the 1600s - will end "but it can't go on," Carroll said. "The sanity has to return, in which you value a stock based on its current and potential future earnings.... I think when these silly Internet stocks crash that it could have the effect of scaring a lot of investors and dragging down the rest of the market with them." In the meantime, any analysts and investors still clinging to traditional methods of valuation are left looking up in awe, waiting for the Internet-share balloon to burst. "I'm waiting for it too, but actually I don't think it's going to happen - or when it does it's not going to be as severe as people think," said IDC's Worth. "My guess is that when the slowdown does occur you'll see probably a fairly significant drop for just a couple of days, and it will resume, because the fundamental part of Internet business is that it's here to stay and it's changing the way businesses operate. While the hype may cease for a while, the underlying business processes are changing." With this, Carroll concurs: "The Internet is huge, it's important, it's going to completely change business. But that doesn't mean we have to collectively throw out our sanity." 4/6/99 5:17 PM