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

To: Victor Lazlo who wrote (2384)	6/30/2000 7:40:02 PM
From: jef saunders	Respond to of 2743

i agree the chart has sucked. but that was yesterday. look at that sales growth. over $300 million in sales last quarter. they're even selling more than yahoo. so they're going to do over a billion in sales this year. and i started thinking "what will their sales be like in 2003?" so i bought a 2003 50 call today for $1200. i think the markets like groceries and gasoline are kinda stupid, but other markets aren't. i still encounter people every day that don't even have a computer yet. lots of growth ahead. i've used priceline several times now. it was rough at first by now very smooth. i went to hotwire.com's web site just now. it says "coming in the fall of 2000". what a joke! priceline will be doing over half a billion a quarter by then. jeffS

To: Victor Lazlo who wrote (2384)	7/1/2000 11:55:12 AM
From: H James Morris	Read Replies (1) \| Respond to of 2743

Victor, what logic does this mean to you? >NORWALK, Conn.--(BUSINESS WIRE)--June 30, 2000--Priceline.com (Nasdaq: PCLN) said today that Delta Air Lines, Inc., had exchanged 6.0 million shares of priceline.com common stock held by Delta for 6.0 million shares of convertible preferred stock of priceline.com. The exchange was part of a November 1999 agreement between Delta and priceline.com. The newly issued convertible preferred shares pay dividends in common stock at a rate of 8 percent a year starting from April 1, 2000. Dividends on the preferred stock are payable semi-annually on October 1st and April 1st of each year, beginning October 1, 2000. Priceline.com may, at its option, redeem the preferred stock after April 1, 2003 at $59.93 per share in cash, plus accrued but unpaid dividends. The preferred stock is subject to mandatory redemption on April 1, 2010. The preferred stock is convertible into shares of priceline.com common stock on a one-for-one basis at any time prior to redemption, subject to customary anti-dilution adjustments.