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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Moosie who wrote (38499)	5/11/1999 12:03:00 PM
From: gpphantom	Read Replies (1) \| Respond to of 90042

BIDS (PR NEWSWIRE) Yorkton Analyst Defends Controversial Downgrade of Bid.Com a Yorkton Analyst Defends Controversial Downgrade of Bid.Com and Hold on Infowave Software; Recommends Versus Technologies as Next Internet Darling in a StockHouse.com Interview TORONTO, May 11 /PRNewswire/ -- Controversial Mark Pavan, Yorkton's institutional analyst, defended his Bid.Com (Nasdaq: BIDS) (Toronto: BII) downgrade in an exclusive StockHouse.com feature interview, saying, "It was simply a call that on a one-rate revenue business -- which is how we valued it all the way along -- it's valued at more than Amazon.com. That to me is excessive. Why would you own Bid.Com when you can own one of the leading brands on the Internet for cheaper?" Regarding the recent retreat in shares of Bid.Com, Pavan told StockHouse.com, "We haven't even seen the tip of the iceberg here. Let's wait a quarter or two and see if margins go to the moon. Then I'll be wrong, but I'm predicting that they won't." Earlier in the StockHouse.com feature interview, Pavan re-iterated his downgrade and said about the Bid.Com share price, "Bid.Com I think goes lower, absolutely goes lower." Media Contact for Canada: Joe Carusone StockHouse Media Corporation PH#: 1-416-410-5554 EML: joe@stockhouse.com WEB: http//www.stockhouse.com SOURCE StockHouse Media Corporation -0- 05/11/99 /CONTACT: Joe Carusone of StockHouse Media Corporation, 416-410-5554, or e-mail, joe@stockhouse.com/ /Web site: stockhouse.com (BIDS BII. IWM. V.) CO: StockHouse Media Corporation; Bid.com; Infowave Software; Versus Technologies ST: Florida, Ontario, British Columbia IN: MLM SU: RTG * end of story *