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 : Booking Holdings (formerly Priceline) -- Ignore unavailable to you. Want to Upgrade?

To: mg1041@aol.com who wrote (1268)	5/11/1999 9:50:00 PM
From: Tom Hua	Read Replies (3) \| Respond to of 2743

Now that we have agreed the model works, I think people with common sense and rationality strongly disagree. Priceline is "selling" tickets now because the company subsidizes the bidders to make the sales happen. If you set up a web site, then give things away on the web, I bet you'll "sell" quite a bit of whatever you're selling too. The company knows darn well this so-called biz model can not be sustained. Once the subsidies stop, then what ? Can they still sell tickets? The verdict is still out. I think PCLN is worth no more than 10% of its current valuation. The underwriters are no dummies, they initially priced PCLN between $7-9 for good reasons. Regards, Tom