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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: Duane L. Olson who wrote (32884)	11/7/1999 11:44:00 PM
From: Jim Lamb	Read Replies (1) \| Respond to of 74651

EXPEDIA IPO this Thursday. Thought you guys might like a change of subject. Expedia Inc. (Proposed ticker: EXPE), Microsoft Corp.'s (Nasdaq: MSFT) online travel service site, will debut 5.2 million shares between $10 and $12 each, making for an initial public offering valued around $75 million. "It's going to be the number one travel site according to traffic," Kao said, looking at Media Metrix statistics that put it ahead of Preview Travel (Nasdaq: PTVL) and Cheap Tickets (Nasdaq: CTIX) with 4 million unique users. Competition in this space is extremely tight though, following the merger of Preview Travel and Sabre Holdings' Travelocity site. Goldman Sachs and Morgan Stanley Dean Witter will co-manage the offering, expected to debut November 11. Though Expedia will become a separate company, Microsoft Corp. (Nasdaq: MSFT) will remain as its majority owner and Expedia will continue to provide travel services on the Microsoft Network. Microsoft has said it doesn't intend to put more money into Expedia though, Kao said. Expedia, which reported a loss of $29.5 million on sales of $13.8 million in fiscal 1998, provides online travel services for leisure and small business travelers. With more than 7 million registered users in August, Expedia will be stiff competition for Priceline.com Inc. (Nasdaq: PCLN) among others.

To: Duane L. Olson who wrote (32884)	11/7/1999 11:50:00 PM
From: Bindusagar Reddy	Read Replies (2) \| Respond to of 74651

Micrsoft products are the best value products that I ever bought especially in software. I agree MSFT had monopoly. But I disagree that they misused by overcharging consumers. It is funny people go to McDonald and pay 1.20 for Colored tap water(COKE) with no innovation or research but complain about a mutibillion dollar research oriented software for 80 bucks. I never felt Microsoft took advantage of their monopoly on consumer. Yes they crushed competition. But, it is a fair game in capitalism. There could be someone in making that will crush Micosoft. We do not need Jokers like Klein, Jacksom, Reno intervening with idiotic exercise of power to crush the real innovators. BR