Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (7591)	2/10/2004 3:00:06 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 110194

DILLER WARNS OF 'NEW BUBBLE' NY Post February 10, 2004 -- InterActiveCorp, the Internet commerce company controlled by Barry Diller, posted a 5.3 percent increase in fourth-quarter profit as sales rose at Expedia.com and the company's other travel Web sites. Diller has said he expects to make fewer acquisitions this year. Prospective sellers of Internet commerce businesses are asking more for their companies than they're worth, Diller said. He compared current stock market valuations of Internet companies to the high valuations of the late 1990s. "We are on our way into a new bubble, and bubbles eventually get pricked," Diller said. "This growth will also produce an endless number of brainless ideas, short-term greed, ridiculous valuations, investor speculation and all the other lovely horrors we've so quickly forgotten." Net income rose to $156 million from $148.1 million, the New York-based company said in a statement. Per-share earnings fell to 20 cents from 30 cents as InterActiveCorp issued stock to make acquisitions and after it paid preferred dividends. Revenue rose 36 percent to $1.8 billion from $1.33 billion. nypost.com