Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jerry B. who wrote (24008)	4/22/1999 12:17:00 AM
From: Lola	Read Replies (3) \| Respond to of 37507

If Bid.com can put a huge company like Rogers in the black with only 5M shares then it's got to be one damn good stock. Internet stock sale puts Rogers in black Investment gains overshadow operating loss Wednesday, April 21, 1999 BRENDA DALGLISH and LAWRENCE SURTEES The Globe and Mail "The sale of two hot Internet stock investments pushed Rogers Communications Inc.'s first-quarter results into the black even though its operating performance was weaker than a year ago. Rogers made $89.2-million selling shares in At Home Corp. and Bid.Com International Inc., said David Robinson, vice-president of investor relations. It exercised warrants and sold another 200,000 At Home shares early this month when that company's share price was near it's all-time high of $189.31 (U.S.). Rogers got the warrants, which had an exercise price of $10.50, because it was an early investor in the California-based high-speed Internet service provider. Excluding those extraordinary gains, however, Rogers reported a loss of $69.2-million (Canadian) or 42 cents a share, compared with a loss of $59.7-million or 38 cents in the first quarter of 1998. First Call Corp.'s analysts' forecast was for a 33-cent-a-share loss. However, one analyst said Rogers was in line with expectations and that First Call's forecast was wrong. "If you want further confirmation of that look at the market today," the analyst said. "The stock is up 60 cents in an otherwise down market." Rogers B shares ended the day up 70 cents at $26.55 on the Toronto Stock Exchange. Including the onetime items, Rogers reported a profit of $47.0-million or 23 cents in the first quarter, compared with a loss of $18.9-million in 1998. As Rogers, a communications conglomerate with cable, wireless telephone and broadcasting businesses, faces new competition, subscriber counts are the focus of much attention. Rogers Cablesystems Ltd. lost 700 basic cable subscribers to close the first quarter at 2,236,600. But its high-speed Internet access service added 21,800 subscribers to finish the quarter with 76,000 customers. The parent's wireless phone arm also posted a bigger loss for the first quarter ended March 31. Rogers Cantel Mobile Communications Inc.'s loss was $24.3-million for the period just ended -- a 24-per-cent increase from $19.7-million a year ago. Cantel's share loss was 26 cents, compared with 21 cents in 1998. The Toronto-based company told financial analysts that higher interest costs and depreciation expenses because of increased capital spending accounted for the increased loss. Revenue dipped slightly to $296.2-million, compared with $297-million a year ago. The growth of prepaid plans, which leads many customers to spend less on their monthly cellphone bills, and lower equipment sales led to the stalled revenue growth, said Charles Hoffman, president and chief executive officer. Cantel's share price fell 25 cents yesterday on the TSE where the stock closed at $26.50." Lola