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Technology Stocks : Bid.Com International Inc. [NASDAQ: BIDS] -- Ignore unavailable to you. Want to Upgrade?


To: Sili Investor who wrote (242)4/28/1999 7:08:00 PM
From: Ruyi  Read Replies (1) | Respond to of 339
 
Tell me , IF and I stress IF, BII reissues 98yr. end results to reflect accounting methods apparently used by other auction companies how do you think it will it effect the stock price?? The method used by BII(loss on cost of sales to A&P) is the apparent reason for the current downgrade to a sell with a target of a couple bucks . I'm not suggesting BII will or has to restate. I'm only curious how you or others think it would effect price one way or the other if they did?? Do you think they will employ this method in 1st.qtr. 99 as well ?? Apparently they only made the change(reporting loss on cost of sales to advertising & promo) for 98 yr.end and not previous qtrs. ..