Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Susan G who wrote (112617)	8/28/2000 9:03:42 AM
From: Connor26	Read Replies (1) of 120523

GTHR - BEING ACQUIRED at 17.75 FORT WORTH, Texas (CBS.MW) - Internet travel services firm Sabre Holdings Corp. said Monday it would cut 1,200 jobs and shift its focus to electronic travel marketing and distribution and information technology services. The company expects to take a charge of about $20 million in the third quarter from the cost cutting program. Sabre (TSG: news, msgs) said the move would free up $100 million starting 2001. Chairman and President and CEO William J. Hannigan, also said in a statement Monday that the company would acquire B2B travel firm GetThere (GTHR: news, msgs) for $757 million, or $17.75 a share In addition, Hannigan said popular online travel site Travelocity (TVLY: news, msgs), in which Sabre owns a 70 percent stake, will merge with Preview Travel.

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