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Technology Stocks : Booking Holdings (formerly Priceline) -- Ignore unavailable to you. Want to Upgrade?

To: Rajiv who wrote (1831)	9/12/1999 2:42:00 AM
From: neverenough	Respond to of 2743

how many tickets PCLN sells/day is only 1 parameter. Without knowing the others, it is useless. What is more relevant is gross margins I agree, they could sell as many tickets as they wanted at a loss. The main thing is their gaining customers, and sometimes you have to pay to get those customers. Lets not forget that PCLN doesn't just sell tickets, they sell new automobiles, home mortgages and hotel room reservations. Priceline.com's seller participants include nearly 20 international and domestic airlines and several hotel chains. The company plans to expand its product offerings to include other leisure travel products, other financial services products and a number of retail products. I believe the big reason for this sell-off is we're coming to the end of their lockup period. On Sept. 25, they'll be an additional 5.1 million shares available, and 1.5 million shares available October through November, 11.6 million shares available December through January, and 151 million available in February 2000. They'll be 169.2 million shares available to trade during the next six months. With all that being said and done, I still believe PCLN is a good buy at these prices but may wait till the momentum changes to take up a position. Your right about the float, SI needs to update the PCLN profile to include the 4.5 million shares offered in the secondary. Bong

To: Rajiv who wrote (1831)	9/12/1999 10:08:00 PM
From: Pruguy	Read Replies (1) \| Respond to of 2743

I am new to this board, but have followed the company for a long time. Question: Is this conjecture or fact that they are selliong tickets at a loss. It was my understanding that this is not how they do business. I thought they sell tickets at available prices for a commision, never taking a risk on tickets themselves. Price is irrelevant to PCLN. They are simplyt a travel agent in that they collect commisions on each ticket sold.....this is my understanding of their business. Am I right or wrong?