Galapagos Islands 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.

Strategies & Market Trends : Galapagos Islands

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jorj X Mckie who started this subject	2/1/2003 4:30:08 PM
From: stevenallen	Read Replies (1) of 57110

This from Fortune Mag. on Diller. Don't know if this is just fluff but thought I'd post it as many here are ss EXPE, myself included. Fresh on the heels of last week's rumors, which said USA Interactive (nasdaq: USAI - news - people ) CEO Barry Diller may have agreed with Vivendi Universal (nyse: V - news - people ) CEO Jean Rene Fourtou to unwind the complicated joint venture--preventing the debt-laden Vivendi from selling some entertainment assets--Diller reports fourth quarter 2002 results on Feb. 6. Analysts expect USA to earn 11 cents per share on $1.3 billion in sales. Travel industry executives will be listening carefully to his comments, looking for clues as to when and how Diller may launch a loyalty program that includes his properties Expedia (nasdaq: EXPE - news - people ) and Hotels.com (nasdaq: ROOM - news - people )--a move that could significantly boost his position in the travel market. The first-rate financial performance of his USAI empire of course stands in stark contrast to the troubles plaguing Paris right now. But Diller doesn't intend to go easy on Vivendi despite its cash-strapped straights; he is demanding a $2.5 billion payout in return for breaking up his Vivendi venture.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next