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To: Israel who wrote (202509)	11/5/2002 8:52:35 PM
From: orkrious	Read Replies (1) \| Respond to of 436258

Im tired of adding to that turd nugget.. the never ending short squeeze, added some myself this afternoon at $72.50.. well, my guess is the travel business has to be really slowing down, probably at a greater rate than the rest of the economy. FWIW, here are some comments on tonight's PCLN call from RMpro Call Wrap-Up 11/05/02 05:44 PM EST The call is wrapped up. Two words: Stay away. The industry is in turmoil and priceline is caught up in a business with deteriorating fundamentals and is burning through cash at a far greater clip than expected. They do have some deep-pocketed shareholders/partners but with no immediate turn in the company's prospects better to look elsewhere. Over and out from Texas, where a cloudy and cool morning has turned into a perfect golfing afternoon. No positions. Questions and Answers 11/05/02 05:38 PM EST Q: Are you seeing any signs of an improvement? A: No, we are not. Q: How confident are you about your profitability goals? A: Barring any unforeseen circumstances, we are confident that we can achieve profitability in our stated period. No positions. Revenues 11/05/02 05:24 PM EST The company said that the October revenues were around $70 million but that November and December revenues will be lower, and as a result they will lose between 2 cents per share to break even for the December quarter. The company will also take a $4 million-$5 million charge in the Decmber quarter. The company will not provide 2003 guidance as yet but said that on an operational basis the first quarter of 2003 will also be a small loss. The company blames these poor results on the weakness in the overall travel business. (I wonder whether Expedia (EXPE) and Hotels.com (ROOM)are feeling the same pain in October. Those two stocks have been on a tear in the last month or so.) No positions. Stock Getting Hammered 11/05/02 05:17 PM EST The company says that they did not give any specific guidance for the September quarter, so this is not a miss. (Not true I say). September revenues, which generally is a good month for PCLN, was not so this time around. Stock getting hammered in the postmarket, down almost 40 cents from the closing levels. (God, I wish I had gone with my gut and shorted the sucker however as they say, shoulda, woulda, coulda. However, I am glad we got out when we did and glad we did not take the other side of the trade either. Thank the Lord for tender mercies.) No positions. Cutting Jobs 11/05/02 05:10 PM EST The company is also cutting about 60 jobs as a result of continued weakness in the travel business. The company is "disappointed" in its results. The company has $84 milion in cash and short-term investments at the end of September 2002 versus $105 million at the end of the June quarter. Not very encouraging at all. No positions.