Booking Holdings (formerly Priceline) Message Board

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Technology Stocks : Booking Holdings (formerly Priceline)

BKNG 4,915

+0.1%

Nov 28 9:30 AM EST

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To: 10K a day who wrote (2471)	12/6/2000 10:09:10 PM
From: Victor Lazlo	of 2743

They're basically a broker between the supplier and the buyers. But they don't say what their brokering fees are, they tell you the total dollar value of all the goods and svcs brokered. But to me, that's immaterial. It's a very deceptive way to report, and it contributed to the stock running up like it once did becuase it made it seem as though pcln takes in huge amounts of revenue. And they're not. And the sec may soon rule that they must report net revenue to pcln, not the gross revenue that they never even see. <<I think the model works...Based on the Revenue (growth)Volume....>> The model is a complete loser. The model was based on giving out stock warrants to the suppliers in return for their inventory. Why, you ask, does pcln have to give the suppliers stock as well as the revenue for the goods? Because pcln doesn't do anything that the suppliers cannot do themselves. But now with the stock at $2, who wants pcln's stock warrants? Beats me. So who would bother to give pcln any more inventory to sell? Beats me.

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