Compaq Message Board - Msg: 14362718

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Technology Stocks : Compaq

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To: Piotr Koziol who wrote (84680)	9/11/2000 1:07:48 PM
From: Elwood P. Dowd	Read Replies (2) of 97611

Tech prince to invest in Priceline.com: Saudi Arabia's Prince Alwaleed bin Talal said today that he would buy a forward contract to purchase $50 million in common stock of Priceline.com (PCLN). The deal gives the Prince an option to purchase 2 million shares at a fixed rate of $25 per share from Priceline.com founder Jay Walker between Sept. 8, 2001, and Sept. 8, 2002. Alwaleed already owns more than $1 billion in technology stocks with about $400 million invested in both America Online (AOL) and Compaq (CPQ) and about $100 million in both Eastman Kodak (EK) and Xerox (XRX).

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