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Technology Stocks : Booking Holdings (formerly Priceline)
BKNG 4,913+0.2%Nov 26 3:59 PM EST
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To: Danny who wrote (1320)5/16/1999
From: Tom Hua  Read Replies (3) of 2743
 
Danny, there's a fine difference between investing in the future and gambling on unproven concept. PCLN sells airline tickets and hotel rooms which are "expiring" inventories, but it's gonna be an uphill battle with "non-expiring" inventories.

Regards,

Tom

In the company's own words:

Almost all of our experience to date is in the travel industry. The travel
industry is characterized by "expiring" inventories. For example, if not used by
a specific date, an airline ticket or hotel room reservation has no value. The
expiring nature of the inventory creates incentives for airlines and hotels to
sell seats or room reservations at reduced rates. Because we have only limited
experience in selling "non-expiring" inventories on the priceline.com service,
such as new cars or financial services, we cannot predict whether the
priceline.com business model can be successfully applied to such products and
services.
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