Booking Holdings (formerly Priceline) Message Board

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Technology Stocks : Booking Holdings (formerly Priceline)

BKNG 5,050

-0.5%

Nov 14 9:30 AM EST

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To: Victor Lazlo who wrote (2400)	8/6/2000 4:56:55 PM
From: Glenn Petersen	Read Replies (1) of 2743

"...PCLN sure can use the $$ right now, right?" Actually, they don't. If you take a look at their most recent 10-Q, you will see that they had approximately $150 in cash and short term investments at the end of the quarter. They only used $5.5 million for operations during the quarter and overall their cash balance was reduced by about $7.3 million for the quarter. Not bad. Regardless, none of the Liberty Media and Paul Allen money is going into the company. The shares are being purchased directly from the CEO. I agree with you that Paul Allen is on a losing streak. However, these things change. I don't own this stock but the article sure caught my attention. The 10-Q for the quarter ending March 31: sec.gov

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