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Strategies & Market Trends : Ask DrBob

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To: Drbob512 who started this subject	11/30/2000 3:02:29 PM
From: manfmnantucket	of 100058

OT: Old Economy firms pinched by investments in New Economy start-ups usatoday.com "... United Airlines lost $38 million in Priceline.com in the three months that ended Sept. 30. It has 5.5 million Priceline warrants with a $52.625 strike price. Priceline stock closed Wednesday at $2.56 a share. Intuit, maker of accounting software Quicken, has lost roughly $150 million on investments in such companies as Excite At Home, S1, Quotesmith and VeriSign in its fiscal year ended July 31. Nordstrom suffered a $20.7 million pre-tax charge in the third quarter because of its 1998 investment in Streamline.com, a home-delivery grocery service that shut down Nov. 13. Compaq may be the biggest loser to date in terms of the declining value of its investments. It announced a $4.2 billion hit on paper, mostly because of investments in technology stocks this year through September, losses that no doubt have since widened ..."

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