Booking Holdings (formerly Priceline) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Booking Holdings (formerly Priceline)

BKNG 4,940

+0.8%

Nov 7 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: tech101 who wrote (2639)	10/2/2001 7:29:51 PM
From: Glenn Petersen	of 2743

From Cnet.com: news.cnet.com Priceline expects strong sales comeback By Reuters October 2, 2001, 2:35 p.m. PT NORWALK, Conn.--Priceline.com said Tuesday that it sees third-quarter revenue toward the high end of its range of $280 million to $300 million, and said demand for its products was recovering faster than expected after the Sept. 11 attacks on the United States. Wall Street analysts, on average, had expected the company to post revenue of $287 million, according to First Call. A year earlier, the company, based here, posted revenue of $341 million. The name-your-own-price Internet company's shares have taken a beating as travel bookings have plummeted since the attacks on the Pentagon and New York. Separately, the company said it plans to buy a majority stake in Priceline.com Europe, which holds the rights to develop the company's business in Europe. The purchase will reduce quarterly pro forma operating results by about a penny a share for the next several quarters.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next