SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Booking Holdings (formerly Priceline) -- Ignore unavailable to you. Want to Upgrade?


To: Victor Lazlo who wrote (2524)12/20/2000 10:01:21 PM
From: Jim O'Connell  Respond to of 2743
 
So we both have been wrong , only at different times
over & out eod
Jim



To: Victor Lazlo who wrote (2524)12/28/2000 11:30:29 PM
From: Glenn Petersen  Read Replies (3) | Respond to of 2743
 
Walker down a few pennies also.

aolpf.marketwatch.com

Priceline founder resigns from board
By Chris Kraeuter, CBS.MarketWatch.com

NORWALK, Conn. (CBS.MW) -- Priceline.com founder and Vice Chairman Jay S. Walker has resigned his board position.

The name-your-own-price e-tailer has suffered very publicly as its stock slid from a record high of $104 to a little over a dollar today and several key executives left the firm.

Walker, on paper at least, has lost $2.9 billion this year, with his stake in the company worth a mere $59.8 million.

Earlier in December, Priceline announced it would cut 16 percent of its workforce and begin a restructuring. See full story.

Walker was Priceline's chairman and CEO from its inception in July 1997 to August 1998, when he became the vice chairman.

According to a Priceline statement issued Thursday after the market closed, Walker is leaving to focus on Walker Digital, a company he founded in 1994 as an intellectual property developer that invented Priceline's business model. He was recently named the CEO of Walker Digital.

"I have every confidence that Priceline.com will emerge from the current environment as one of the Internet's pre-eminent brands," Walker said.

Priceline (PCLN: news, chart) shares shed 9 cents, or 6.7 percent, to end at $1.31 on Thursday. They are down from a 52-week high of $104.25.

According to Priceline's most recent proxy filing, in March, several of the company's "directors, executive officers and other key employees also are directors, officers, employees or stockholders of Walker Digital and either own, or hold an option to purchase, equity securities of Walker Digital and its affiliates.