SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Internet Guru Discussion -- Ignore unavailable to you. Want to Upgrade?


To: Tri Bui who wrote (2548)8/25/1999 4:41:00 AM
From: steve harmon - analyst  Read Replies (9) | Respond to of 4337
 
pcln - i encourage everyone to look at this firm fully diluted since i think it's already overvalued

the model is great but priceline hasn't proven itself outside of airline ticket sales and william shatner voice overs

priceline needs to get aggressive in acquiring more reverse auction models/firms

however i do like its revenue growth, $161 million for the first six months of this year vs. $7 million for same period last year

i am more comfortable with pcln at 10x annual revenue than 30x, even on a forward year basis that implies perhaps a $4 billion market cap vs. august 24's $10 billion