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

To: Enam Luf who wrote (2061)	12/13/1999 7:41:00 PM
From: Austin S.	Respond to of 2743

Another 75% downside is likely? I seriously doubt that, but if you are correct I can assure you that I'll be buying at least 10,000 shares. PCLN is going to be a big Internet winner - there is no question in my mind about that. It's potential and its markets are limitless as Ford Motor Company, to name one, has come to realize. I booked a hotel room in Atlanta via Priceline the other day and saved $110 off the regular room rate of $215. I can tell you that I was most pleased, but it took me 3 attempts - well worth it to me. Business-2-business opportunities abound and professional services, including attorneys, will one day be sold or made available through Priceline.com. 2000 and, most definitely, 2001 one will be stellar years for Priceline. Buy now and ask questions later, and if PCLN does indeed drop more then be prepared to buy. Patience will be rewarded with this one. Peace.

To: Enam Luf who wrote (2061)	12/13/1999 10:36:00 PM
From: Victor Lazlo	Respond to of 2743

Enam- One of my peeves with pcln is that they appear to be buying inventory with their stock. It looks like they are securing deals for inventory by issuing huge blocks of warrants and stock that will eventually (and already has begun) to get dumped into the float by the pcln "partners." IMHO, and this is just my suspicion, lots of these surplus rooms and tickets are not surplus at all; it is simply better to have pcln stock than to make more revenue by actually selling the tickets or rooms themselves at a profit. If the stock grants continue, so will the dilution, and big-time. Pcln has made some big announcements recently and it hasn't helped the price at all, even over the last several weeks of NASDAQ-mania. Maybe the street knows that more deals means more stock, and more dilution. Again just my humble opinion, but this sure is the way it looks to me. Victor

To: Enam Luf who wrote (2061)	12/13/1999 11:37:00 PM
From: PeterGx	Read Replies (2) \| Respond to of 2743

"...Another 75% downside is not unlikely imo." Enam - May the Almighty hear you on this one... Then I may start believing that miracles will happen at the turn of the Millennium. God knows I'll load up at $14/share :-)... shortly after will be the last time I'd bother balancing my checkbook. Anyway, Many a people (some really smart too) missed (and are still missing) great chances to benefit from this bull market (in the "new economy") by insisting on applying old methodologies to new paradigms. Put away your old yardsticks and listen to Steve Jobs - "Think differently!" :-) All that mumbo jumbo about inventories and dilution and what not - I am not sure I am seeing what you are trying to say, but then again I am not so sure you know what you are saying... It's rather simple (and IMO irrelevant here), but just to clarify things: Inventories (of any kind) have nothing to do with these deals. Priceline is just building partnerships and an integral part of partnership building is securing mutual interests with special financing arrangements. When financing things one either borrows and distributes IOUs or pats you on the back and says "work with me and if I make it - you make it". With an IOU, the best one can do is get his money back, hence that's all he cares about. Mixing equity is like mixing blood: you - brothers :-) Priceline is making great deals and partnerships. Access to 90% of the Air-ticket market and 154 cities. More importantly, PCLN is cloning its business model into other markets. I think that good things will happen to PCLN shareholders in the next couple years.