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To: Bill Harmond who wrote (77920)	9/21/1999 2:42:00 PM
From: Robert Rose	Read Replies (3) \| Respond to of 164684

the problem I have with pcln is that I feel Walker is giving away the store to maintain revenue growth. First, a record-breaking ipo wrt float/outstanding shares, then these secondaries and warrants for deals with airlines.... The other problem is the basic business model. I may be going to NY shortly for pleasure. I have heard about cheaptickets.com. I will check them out. The problem with the pcln business model is so many unknowns. Unlike most folks, I do not have a schedule. I can fly whenever I want. But if cheaptickets offers me fewer uncertainties at a more certain price, then of course I will gravitate there. Personally, I feel that Walker so far is the king of snake oil salesmen. Can you say Internet? Can you say milking it for all it's worth??