Booking Holdings (formerly Priceline) Message Board

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Technology Stocks : Booking Holdings (formerly Priceline)

BKNG 4,874

+2.3%

Nov 24 3:59 PM EST

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To: Danny who wrote (1303)	5/14/1999 5:42:00 PM
From: Tom Hua	of 2743

Danny, sounds to me ML has a few shares of PCLN to dump before the inevitable collapse of net bubble which could happen soon. Regards, Tom In a report released this morning, Blodget said that the company's strong sales for airline tickets should bring its second-quarter revenue to $65 million rather than $60 million, its 1999 revenue to $300 million from $265 million and its 2000 revenue to $450 million from $415 million. Though Blodget offered that priceline.com's stock "appears extraordinarily expensive," he wrote that the company's early growth "suggests to us that it could eventually grow into its valuation." But to do that, he said, business in services other than airplane tickets -- such as hotels, cars and mortgages -- will have to accelerate, something they haven't done yet.

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