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: RG who wrote (28578)	4/29/1999 11:08:00 AM
From: Curious Gamble	Read Replies (1) \| Respond to of 37507

From the National Post NP says Bid.Com vies for Internet auction supremacy Bid.Com International Inc BII Shares issued 38,963,434 Apr 28 close $24.85 Thu 29 Apr 99 In the News The National Post reports in its Thursday, April 29, edition that the proliferation of on-line auctioneers over the past 18 months has been incredible, ranging from Web sites that offer little more than on-line garage sales, to electronics clearing houses, to showrooms for oddball collector items, to major art and antique sales. The National Post's Ian Karleff writes that investors are making valuations on these stocks based almost completely on future potential and not on fundamentals. Of the six publicly traded Internet auctioneers, Cyberian Outpost, Onsale, Egghead.com, Ubid, Bid.Com International, Amazon.com and eBay, investors are applying revenue multiples from as little as two times to a massive 533 times. Mr. Karleff says brand name recognition is crucial to success, and that is the underlying factor for today's stock valuations. Merrill Lynch & Co. analyst Mark Milller says the indirect benefit to brands will be the increased discrimination by consumers due to the "clutter" that accompanies too much choice. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com