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Technology Stocks : Expedia Inc (EXPE)

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To: Gutterball who wrote (5)	10/28/1999 9:10:00 AM
From: Rupert	of 8

"Expedia.com recognized by Media Metrix as the most visited online travel site for sixth month" hoovershbn.newsalert.com "During September, more than 4.1 million unique visitors accessed Expedia.com, earning it the distinction of being the only online travel site in the top 40 Web sites in the United States. Expedia.com has retained the No. 1 traffic position in the online travel industry since April 1999." I think this is the first company that MSFT has partially spun off from the sometimes directionless and frequently reorganized Microsoft Network (MSN). The IPO will raise almost $60 million for Expedia, but with a parent like Microsoft you wonder why Bill Gates doesn't just cut them a check and retain complete ownership, especially given that travel research and booking is a killer app for e-commerce. Articles like the ones below don't make this real clear: zdnet.com "Expedia to Fly Solo" thestandard.com

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