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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?


To: Lizzie Tudor who wrote (11658)5/20/2002 10:01:07 PM
From: Bill Harmond  Read Replies (1) | Respond to of 57684
 
It's reflected in prices. Obviously prices are down because there are more sellers than buyers.

Inflows are critical. Without them there's no price support, especially in out-of-favor sectors because fund flows chase performance, too. Growth funds, especially large cap growth funds have been out of favor.



To: Lizzie Tudor who wrote (11658)5/21/2002 12:59:41 AM
From: greenspirit  Respond to of 57684
 
Hi Lizzie, this one is sure to be a big winner in the new economy. That is of course if the Justice Department doesn't meddle in their business model too much.

orbitz.com

Orbitz Announces Filing Of Registration Statement For Initial Public Offering Of Its Class A Common Stock

CHICAGO (May 16, 2002) - Orbitz, Inc. announced today that it has filed a registration statement with the U.S. Securities and Exchange Commission relating to the initial public offering of shares of Class A common stock. All of the shares of Class A common stock are being sold by Orbitz, Inc. Orbitz is an online travel company that offers consumers airline tickets, lodging, rental cars, cruises, vacation packages and other travel products.

The offering is being led by Goldman Sachs & Co. Credit Suisse First Boston is co-lead manager. Legg Mason Wood Walker Incorporated and Thomas Weisel Partners LLC are co-managers of this offering. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

When available, a copy of the preliminary prospectus relating to the offering may be obtained from Goldman Sachs & Co. at 85 Broad Street, New York, NY 10004, (212) 902-1000 or from Credit Suisse First Boston at 11 Madison Avenue, New York, NY 10010, (212) 325-2000.