Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Harmond who wrote (77820)	9/20/1999 11:00:00 AM
From: Glenn D. Rudolph	Respond to of 164684

HJ, What's with Priceline? :) I am not HJ but it was upgraded: "NEW YORK, Sept 20 (Reuters) - Warburg Dillon on Monday said it has raised its ratings of Internet commerce firm Priceline.com Inc. PCLN.O to strong buy from buy and of Paychex Inc. PCLN.O, a provider of payroll services, to buy from hold. -- On Priceline.com, Warburg Dillon analyst Sara Zeilstra said in a research note: "Recent sell-off overdone; we are confident that Microsoft (Corp.MSFT.O ) patent/competition issues are being addressed, and concerns regarding overhang are not as significant as previously thought." She raised third quarter margin estimate to 9.9 percent from 9.6 percent based on signs of improved pricing in travel services (but no net effect on earnings per share estimate). -- On Paychex, analyst F. Thomas O'Halloran said: 'The company is having great success selling highly profitable ancillary human resource services into its existing customer base. As a result, the earnings per share slowdown we had feared six months ago is not materializing. Instead, we now believe Paychex will continue to deliver earnings growth of above our five-year growth projection over the next couple of years." -- Paychex earnings per share estimate for 2000 was raised to $0.72 from $0.69; For 2001, estimate was raised to $0.92 from $0.86. Its 12-month price target was raised to $42 from $31. -- Priceline.com shares rose $3 to 61-1/4. Paychex closed Friday at $32-11/16. REUTERS Rtr 09:38 09-20-99 "

To: Bill Harmond who wrote (77820)	9/20/1999 11:05:00 AM
From: Jan Crawley	Read Replies (1) \| Respond to of 164684

What's with Priceline? 145M outstanding shares and with just 10M IPO float in 2/99 and then a 4.5M shares secondary in 8/99; making a total float of 15M shares currently. Delta holds 12% of the 145M; Delta sold 2M during the secondary last month @67, Delta has another 16M shares to go(sell) but they are locked up until 2/2K. Stock corrected from $165 to the low $50s and with a 5M current short interest. They are trying to push the shorts to cover some $$ to be sure. But how much!? The year-end tax selling is coming and Pcln looks very un-attractive.

To: Bill Harmond who wrote (77820)	9/20/1999 1:10:00 PM
From: H James Morris	Respond to of 164684

>>HJ, What's with Priceline? :) << William, its not my day to watch Pcln since I have no position, but I sure do in Paychex (payx). It appears that the BW issue sure helped it. No mention of accounting irregularity like Fortune reported. Also this couldn't hurt. >> NEW YORK, Sept 20 (Reuters) - Warburg Dillon on Monday said it has raised its ratings of Internet commerce firm Priceline.com Inc. <PCLN.O> to strong buy from buy and of Paychex Inc. <PCLN.O>, a provider of payroll services, to buy from hold. On Priceline.com, Warburg Dillon analyst Sara Zeilstra said in a research note: "Recent sell-off overdone; we are confident that Microsoft (Corp.<MSFT.O> ) patent/competition issues are being addressed, and concerns regarding overhang are not as significant as previously thought." She raised third quarter margin estimate to 9.9 percent from 9.6 percent based on signs of improved pricing in travel services (but no net effect on earnings per share estimate). On Paychex, analyst F. Thomas O'Halloran said: 'The company is having great success selling highly profitable ancillary human resource services into its existing customer base. As a result, the earnings per share slowdown we had feared six months ago is not materializing. Instead, we now believe Paychex will continue to deliver earnings growth of above our five-year growth projection over the next couple of years." Paychex earnings per share estimate for 2000 was raised to $0.72 from $0.69; For 2001, estimate was raised to $0.92 from $0.86. Its 12-month price target was raised to $42 from $31. <<