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Technology Stocks : Ticketmaster-Citysearch (TMCS)
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To: R Hamilton who wrote (717)8/20/1999 12:05:00 PM
From: blankmind   of 803
 
The part of TMCS's business that makes analysts salivate is ticketing. In addition to local entertainment and service guides that are at least partially supported by advertising, TMCS sells tickets to local events. That business' growth has surpassed everyone's projections. "At the time of our initial public offering [in December, 1998], ticketing accounted for 40% of overall revenue," says CEO Charles Conn. "Last quarter [the
second quarter of 1999], it already accounted for 70% of revenue. And the other portions of revenue have grown also. It's just that ticketing has grown at an astounding rate." In fact, for the last three years, online ticket sales have grown at a 300% annual clip for TMCS, with no end in sight.


thanks for the article.
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