Booking Holdings (formerly Priceline) Message Board

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Technology Stocks : Booking Holdings (formerly Priceline)

BKNG 4,766

+4.0%

Nov 21 9:30 AM EST

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To: MarX who wrote (1374)	5/18/1999 11:06:00 PM
From: Tom Hua	Read Replies (2) of 2743

They recognize the full value of the ticket "sold", when in reality they are merely the middle man; they never own the tickets; they are not liable to the airlines for unsold tickets. Their revenue on this transaction should be the commission or fee that they earn as the middle man Johnny, agree completely. I have been saying this very point too. If PTVL and EBAY adopted the same trick as PCLN, they would be reporting revenues more than 10 times higher than the actual revenues. Ebay would be reporting quarterly revenues of $600 MM. In reality, PCLN's revenue last quarter was just a few $MM, not the misleading $50 MM reported. Regards, Tom

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