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Technology Stocks : Preview Travel (PTVL) ---- Via...Excite & AOL -- Ignore unavailable to you. Want to Upgrade?


To: TLindt who wrote (15)1/14/1998 4:19:00 PM
From: Bill Bishop  Read Replies (1) | Respond to of 728
 
Ready to take off?
Preview Travel booked strong Q4
Stock has lagged behind other Internet plays

By Darren Chervitz, CBS MarketWatch
Wed Jan 14 15:22:16 1998

cbs.marketwatch.com

NEW YORK (CBS.MW) -- Its shares may be lagging behind those of other newly public Internet players, but Preview Travel had a strong fourth quarter, according to a Hambrecht & Quist analyst.

Genni Combes, an Internet analyst at H&Q, said Preview Travel will "slightly beat" her revenue and earnings estimates when the firm releases its fourth quarter results later this month. Combes added she is also "optimistic about the March quarter." H&Q took Preview Travel public last November.

Preview, which publishes travel-related content and sells reservations on its Web sites, is one of the few newly public pure-play Internet stocks that hasn't made a strong move upward. Even on its first day of trading, Preview barely budged from its $11 offering price. Preview shares on Wednesday fell 1/8 to 8 1/4 -- that's 25 percent under the offer price...MORE

Bill Bishop
CBS MarketWatch