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Technology Stocks : IFLY - travel sales on the web pure play

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To: Anthony@Pacific who wrote (4381)	3/16/1999 9:09:00 PM
From: Sergio H	Read Replies (1) of 4761

Mar 16, 1999 (6:40 PM ET) - The Motley Fool Evening News Telephone and Internet travel reservations company 800 Travel Systems (Nasdaq:IFLY - news) flew up $2 1/2 to $7 11/16 in heavy trading after reporting fourth-quarter earnings of $0.04 per share, twice the estimate one analyst gave First Call. "We are very pleased that our business model has begun to bear fruit in the form of earnings," said CEO Mark Mastrini, noting the company's second profitable quarter in two periods of public operation. "It is the same model that we are bringing to our unique Internet reservation system." Internet travel planning certainly does appear to be a marketable concept, as Preview Travel (Nasdaq:PTVL - news) parlayed its own model into 133% revenue growth in 1998, compared with 38% for 800 Travel, which launched its online reservation system in January, grabbing one million hits in its first month of operation. Another player expected to make a splash in the industry is Priceline.com, the highly publicized online bidding operation that allows users to name their price, which has many investors salivating over the prospects of its future IPO.

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