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

To: StormRider who wrote (185)	4/2/1998 5:29:00 PM
From: Tom Hua	Respond to of 728

News just out about upcoming secondary offering. Thursday April 2, 5:00 pm Eastern Time Company Press Release SOURCE: Preview Travel, Inc. Preview Travel, Inc. Plans Secondary Public Offering SAN FRANCISCO, April 2 /PRNewswire/ -- Preview Travel, Inc. (Nasdaq: PTVL - news) today announced that it plans to file a registration statement with the Securities and Exchange Commission for the sale of approximately 3,000,000 shares of Common Stock. Preview Travel anticipates that, of the shares of Common Stock to be offered, approximately 1,500,000 will be sold by the Company and approximately 1,500,000 shares will be sold by certain selling stockholders of Preview Travel. Preview Travel currently anticipates that the offering will commence in mid-to-late April. The offering will only be made by means of a prospectus that satisfies the requirements of the Securities Act of 1933, as amended. The net proceeds from the offering will be used by Preview Travel for general corporate purposes and working capital. Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. Potential risks and uncertainties include, without limitation, the Company's dependence on its ability to significantly increase its online revenues and sales volume, to maintain and develop relationships with travel suppliers and strategic partners and to attract and retain customers. Potential adverse changes in commission rates, unforeseen events affecting the travel industry, and the Company's dependence on its ability to establish its brand. These and other risk factors are described in detail in the Company's Annual Report on Form 10-K for the year ended December 31, 1997 and in the Company's other filings with the Securities and Exchange Commission.

To: StormRider who wrote (185)	4/3/1998 2:34:00 PM
From: Tom Hua	Respond to of 728

CNBC (Pasiani, sp?) just mentioned CDNW and PTVL. The tone is pretty negative. He pointed out that PTVL spent more on advertising than its revenues. He pointed out that despite heavy advertising/marketing spending, these companies face intense competition. He went on to say that these companies are relying on the public to bail them out through secondary offering, such as the one announced by PTVL last night. He emphasized that of the 3 M shares, 1.5 are offered by insiders. Nothing that we don't know, but it's surprising to see CNBC being negative on these internet stocks. Regards, Tom