Preview Travel (PTVL) ---- Via...Excite & AOL Message Board

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Technology Stocks : Preview Travel (PTVL) ---- Via...Excite & AOL

PTVL 1.390

0.0%

Jan 21 4:00 PM EST

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To: Tom Hua who wrote (191)	4/7/1998 12:21:00 PM
From: Doug Shapiro	Read Replies (1) of 728

PTVL according to its annual report had losses equal to 74% of revenue in 1997 with a warning that revenues from TV sales will be less than last year. Revenue: 13.6 million loss 1997: 10 million This company is more and more dependent on online revenue which require payments to AOL of ~10 million per year for the privilage of AOl carrying their service. If they get dumped by AOL for whatever reason they are history. The company is depending on the excitement of " internet commerce" to allow them to sell shares to the uninformed public so they can pay their bills. Meanwhile as Tom Hua mentioned the commissions received from airlines etc. is shrinking and the competition is expanding. All the airlines are online themselves now and sites like Travelocity are popping up everyday. I am wondering if the risk inherent in this stock is worth taking after a gain of 300% in 100 days. Do your home work read the fine print in the SEC filings. It is in the cards already, this stock is doomed to crater. Doug

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