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

To: B. A. Marlow who wrote (1273)	5/12/1999 1:16:00 PM
From: Gerald Walls	Respond to of 2743

You don't think its patents will hold up? Ding! Ding! Ding! And when the patents fall or are restricted to a very specific, easy to work around implementation of the model then this becomes another dime-a-dozen internet retailer. I have no position in this company and have no plans of shorting it.

To: B. A. Marlow who wrote (1273)	5/12/1999 8:00:00 PM
From: Danny	Read Replies (1) \| Respond to of 2743

There have been so many discussions on the valuation of interNUT stocks. However, here is a convincing fact for all of you who dare to short PCLN: majority of people who have been trying to short internet sectors in the past two years eventually end up 1:) broke. 2:) made some small profit but could have made 10 times more had they decided to go long instead of short. Go ahead and short PCLN, I will see you 12 months from now and see how many of you still hold today's short position.

To: B. A. Marlow who wrote (1273)	5/12/1999 10:40:00 PM
From: Tom Hua	Read Replies (1) \| Respond to of 2743

That it will attract bidders? BAM, only to the extent that bidders receive subsidies from PCLN. That it will appeal to strategic partners? You mean like offering Delta Airlines more than 15 million shares at $1/share to build up its inventory. Delta will also get a percentage of the sales, yet Delta is under no obligation to provide any tickets to PCLN. The sweetheart deal is worth $2 B to Delta. Meanwhile PCLN will have to sell 200 million tickets to gross that amount, not counting sales expenses. If they sell 7,000 tickets a day, it will take about 80 years. That its margins are sufficient? The company is operating on negative margins, certainly not acceptable as a going concern, but good enough to sell its stocks. Regards, Tom