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 : Net Perceptions, Inc. (NETP) -- Ignore unavailable to you. Want to Upgrade?

To: $Mogul who wrote (265)	5/4/1999 2:23:00 AM
From: Jimbo Cobb	Respond to of 2908

PCLN started trading 3/31...coverage initiated on 4/26...I thought it used to be 30 days, but seems now it is more like 26...this Friday will only make 14, we've still got a few weeks to go....Of course, maybe we'll get lucky and they'll inadvertently issue the BUY rec early, like they did on PCLN (released on 4/23, before "pulling it")..... ... Research pulled Goldman Sachs inadvertently released a report starting coverage on Priceline with a $120 price target and placing the stock on the firm's "recommended list." Goldman was not part of the company's $160 million IPO in late March. Goldman later withdrew the note to keep within regulatory procedures for initial public offerings, but not before the stock(PCLN: news, msgs) jumped 11 5/8, or 15 percent, to 88. A Goldman Sachs spokesman said "the Goldman Sachs research report recommending Priceline.com for purchase was inadvertently released to the market one business day early. Goldman Sachs intends to initiate coverage formally on Monday, April 26." Priceline.com provides a "name your price" marketplace on the Web, mostly for travel and financial services. Consumers can place a bid for items such as airline tickets, and Priceline.com aims to find a willing seller. Priceline does not take in that revenue. Instead, the company makes the spread between what a customer pays and the cost of the item. The company doesn't break out the spread it makes, but it's generally around $10 for an airline ticket. By determining the spread, Priceline has more control over margins. ...