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

To: jef saunders who wrote (2387)	7/1/2000 4:40:37 PM
From: ecommerceman	Respond to of 2743

Jef--I agree with your assessment. I was just in NYC (at the WAVX shareholders meeting, fwiw...), and I was able to get a nice enough hotel room at the midtown Best Western, paying $100. While I was checking-in, I noticed what other folks checking-in were paying, and it was from a minimum of $160 to a maximum of $190. So, I, as a consumer, saved from $60-$100, and the hotel--with a perishable commodity--filled a room at a profit that otherwise might well have gone unfilled. Who is the loser here? Certainly not the consumer, and while the hotel didn't receive their full price, they still obviously found it economically worthwhile to give me the room for the price that I paid. The example is the same for airplane tickets, obviously (with the one caveat that you can't name your flight times, which is a major problem if you've got limited vacation days). Whether the model will work for groceries, long-distance, mortgages, or not, I have no idea, but Priceline is spreading like a benevolent virus across the world, and I strongly believe that we'll continue to see an explosion of growth in the years to come.

To: jef saunders who wrote (2387)	8/2/2000 9:23:14 PM
From: SAPGuru	Read Replies (1) \| Respond to of 2743

You where asking: where else can I go to name my own price? I do this all the time on a vary of auction sites and this is also the reason why this concept is no different from a lot of other models, at least fundamentally. One good example is the bid butler or automatic bids on auction sites. I want to pay a maximum of 248,- for a DVD player on UBID.com. By using the bid butler, it will automatically raise my bid until my own maximum bid price. After arriving at the max bid price I lost the auctions, because my bid butler will not raise my bid anymore. Priceline give you feedback in an hour and then give you the information what the discount price is. In this way you can change you 'name your own price' to the discount price and that will work. Because they know what prices will succeed, so its closer to discount retail. Priceline could do a lot more in order to expand the concept, but that will probably take a lot more evolution of the business model. Like, changing the dynamics of the one hour feedback to a longer time or flexible set by the buyer. In this way Priceline could keep your price for a period of time and come back when somebody is ready to deliver.