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To: solihull who wrote (13374)5/1/2001 4:07:48 PM
From: solihull  Respond to of 13572
 
NEW YORK, May 1 (Reuters) - Market confidence in the online
travel industry bolstered Web travel agent Travelocity.com's
(TVLY.O) stock to a new year-high on Tuesday after a flurry of positive
analyst remarks about its online rivals.
Travelocity shares gained $3.69, or more than 12 percent, to
trade at $33.64 during afternoon activity on the Nasdaq. The
stock, breaking through its previous 52-week peak of $30.75,
earlier traded as high as $34.24.
Industry watchers said investors recognized the potential
growth in the online travel market, a confidence strengthened by analysts comments
about the industry's major players.
"Investors are enamored with the sector right now," said
Legg Mason analyst Tom Underwood. "Online travel apparently is one of the sectors in terms of B2C
commerce that works very well. The major companies are now profitable and profits are expected to grow
dramatically over the next several quarters," he said....