Booking Holdings (formerly Priceline) Message Board

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Technology Stocks : Booking Holdings (formerly Priceline)

BKNG 4,911

+0.2%

1:22 PM EST

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To: Victor Lazlo who wrote (2302)	3/6/2000 7:11:00 PM
From: H James Morris	Read Replies (1) of 2743

Victor, I think it's time for you to leave this thread...Don't you? > NEW YORK, March 6 (Reuters) - Priceline.com Inc. <PCLN.O> Chairman and Chief Executive Richard Braddock on Monday said the company's first quarter revenues would rise over 30 percent from the fourth quarter 1999, exceeding his earlier guidance for top-line growth. "We are in fact having an extremely strong quarter and we are more than comfortable with (analysts') numbers that are out there," he said. In heavy trading, Priceline shares closed up 15-3/16, or more than 20 percent, at 90-3/16 on Nasdaq. Referring to earlier guidance of 30 percent growth in the first quarter from the fourth quarter, he indicated Priceline could exceed that. "We said we'd be up 30 percent from the fourth quarter," Braddock said. "I think I said plus a little earlier in the meeting." Braddock also said the company's business of matching consumer bids with excess retailer inventory such as airline seats and groceries would exceed $1 billion in revenue for 2000. He also said the company would beat its targets to exceed 15 percent gross margins and 8 million customers. "We'll beat all of these numbers in 2000," he said. Priceline has been rapidly expanding past its traditional sales of travel services into areas such as gasoline and sees moving into business services such as freight, health care, telecommunications and insurance. Braddock said future expansion would come through joint ventures in Europe, Japan and possibly Latin America. 17:13 03-06-00

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