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.

Technology Stocks : Loral Space & Communications -- Ignore unavailable to you. Want to Upgrade?

To: Valueman who wrote (5540)	3/20/1999 8:44:00 PM
From: Rocket Scientist	Read Replies (2) \| Respond to of 10852

To all contributors here: These last weeks have been a bit tough on many of us as Loral languishes near a price first reached nearly three years ago and G* is less than 1/2 it's high water mark while the Dow and Nasdaq frolic. This despite recent launch successes and an ever nearing start of service for G*. In the face of this adversity, I thought it appropriate to express thanks to Valueman, Jack Morgan, DJanes, OK2Launch, Mr. Adrenaline, Mike Doyle, Geoff, Jeff Vayda, Maurice and others for the news, analysis and good humor (and occasional poetry-thanks Jack!) they contribute to this forum. I don't know whether in a few years we will seem to have been the dance band on the Titanic or Shakepeare's band of brothers on St Crispin's day, but I know that I feel in very good company with you all. If intelligence, gentility and independent judgement count for anything, we should be well rewarded (someday). Best wishes and regards, RS

To: Valueman who wrote (5540)	3/21/1999 3:58:00 AM
From: djane	Read Replies (1) \| Respond to of 10852

OT Valueman, not to wind you up more about Internet garbage, but... Priceline (PCLN) will go public this or next week. William Shatner/Star Trek spokesman "Priceline is going to be big, really big." Blah, blah, blah. The sales pitch is to aggregate buyers to negotiate with sellers to "name your own price." I experimented with the service, had to enter tons of data/spend lots of time, and didn't save any money vis-a-vis calling a travel agent or using numerous other travel/ticket web sites. High pain in the ... factor. Company is expected to lose money, well, probably forever. Anyway, 10M shares to be offered at $7-9 (prediction -- priced at $15). 142M shares outstanding Considered a "hot" internet IPO Daytraders will look at $15 price and disregard the 142M shares outstanding My prediction -- first trade at $75 and will close the first day at $50 due heavy, heavy institutional flipping. At $25/share, PCLN valuation will be $3.5B At $50/share, PCLN valuation will be $7.1B (LOR/GSTRF value together) At $75/share, PCLN valuation will be $10.6B Pretty nauseating stuff, eh? ______________________________________________________ Thursday March 18, 1:31 pm Eastern Time Priceline.com sets IPO at 10 mln shares WASHINGTON, March 18 (Reuters) - Internet commerce firm Priceline.com Inc. said Thursday it will offer up to 10 million common shares in its initial sale of stock to the public. In an amended initial public offering filed with the Securities and Exchange Commission, the Stanford, Conn.,-based firm estimated the initial selling price at between $7 to $9 per share. Previously, the company had not disclosed the amount of stock it would offer for public sale nor the estimated initial selling price. After the offering, outstanding common will total 142,320,430 shares. The company has applied to trade on Nasdaq under the stock symbol . Priceline.com granted the underwriters an over-allotment option to purchase up to 1.5 million additional comon shares. The offering will be made through Morgan Stanley Dean Witter, BancBoston Robertson Stephens, Donaldson Lufkin & Jenrette and Merrill Lynch & Co. Net proceeds will be used for working capital and general corporate purposes. Priceline.com is a multi-category e-commerce system which uses a simple and compelling consumer proposition -- name your price.