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Technology Stocks : IFLY - travel sales on the web pure play -- Ignore unavailable to you. Want to Upgrade?

To: StaggerLee who wrote (1188)	5/15/1998 6:24:00 PM
From: Turboe	Respond to of 4761

YES!

To: StaggerLee who wrote (1188)	5/15/1998 7:24:00 PM
From: Andrew H	Read Replies (2) \| Respond to of 4761

From Yahoo. Sounds like the company will be beta testing the website very soon. Also sounds like the company was actually profitable without the IPO charge. >>I called the company. Should say that in my post. EPS is -0.02 due to charge of IPO. Otherwise, should be positive EPS. They didn't want to say more, even though the market was closed already. They want to make sure the press is seen in public before making any comments. I am trying to remember that I heard in a short conversation. Internet site will be in beta testing in a few weeks. And I sense that they are bullish and looking forward to good times to come. If any of you calls them on Monday, you should be able to get more information, like profit margin, company plan, etc.. << Another interesting post from Yahoo: >>Well now that we have our 1q earnings out, i wanted to compare it to our chief arch-rival Preview Travel. Here is a clip of PTVL's most recent earnings, which was released on April 15th: Online travel gross bookings for the quarter reached $35.9 million, up 36 percent sequentially from gross bookings of $26.4 million in the quarter ended December 31, 1997. Visits to Preview Travel's sites during the quarter grew 64 percent to 18.9 million visits, compared with 11.5 million visits in the previous quarter. Revenues from online operations in the first quarter grew 31 percent sequentially to $2.3 million, from $1.8 million in the previous quarter. Total revenues for the quarter were $ 4.0 million, up 14 percent from revenue of $3.5 million in the previous quarter. Net loss for the quarter was $4.7 million, or $0.41 per share on 11,350,000 shares outstanding, compared with a net loss of $4.6 million, or $0.73 per share on 6,306,000 shares outstanding in the previous quarter. COMPARE TO IFLY: TAMPA, Fla., May 15 /PRNewswire/ -- 800 Travel Systems, Inc. (Nasdaq: IFLY; IFLYW) announced today that total revenues were $2,078,O00 in the first quarter of 1998 an increase of 25% over revenues of $1,640,000 in the first quarter of 1997. The revenue increase reflects an increase in reservations booked to $15.2 million from $12.2 million in the first quarter of 1997. The Company's net loss during the first quarter of 1998 was ($169,108), a 50% reduction from the year earlier period's net loss of ($336,992). As you can see, we beat them 25% to 14% in total revenue growth and had only $2 million less in revenue even though PTVL had $20 million more in gross bookings. But bottom line, IFLY only lost .02-.03 and PTVL lost .41 per share. Also important to note, PTVL's quarter was during Christmas and Thanksgiving, which i would imagine is more busy than during IFLY's quarter from Jan-March!! <<

To: StaggerLee who wrote (1188)	5/16/1998 4:42:00 AM
From: StaggerLee	Read Replies (1) \| Respond to of 4761

>>increasing reservation agents and rolling out our Internet commerce initiative. Simply stated, both efforts should result in booking more tickets at higher gross profit margins." << I thought internet ticket sales had lower margins. Also, notice the typos in paragraph #1 of the press release? (Total revenues used the letter O instead of a zero in the number; they also missed a comma in the first sentence.) Not to be overly critical, but this makes two press releases in a row with errors (the last one included an incorrect phone number). It looks sloppy -- they must be taking writing lessons from the Yahoo message boards. >>that total revenues were $2,078,O00 in the first quarter of 1998 an increase of 25% over revenues of $1,640,000 in the first quarter of 1997.<<