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

To: Danny who wrote (1320)	5/15/1999 2:06:00 PM
From: Shtirlitz	Read Replies (1) \| Respond to of 2743

I tried PCLN service on Thursday. Saved 40% over the cheapest airline ticket I could find elsewhere. My wife was ecstatic. She immidiately recommended it to all her friends. I bought the stock on Friday. The future is here.

To: Danny who wrote (1320)	5/16/1999
From: Tom Hua	Read Replies (3) \| Respond to of 2743

Danny, there's a fine difference between investing in the future and gambling on unproven concept. PCLN sells airline tickets and hotel rooms which are "expiring" inventories, but it's gonna be an uphill battle with "non-expiring" inventories. Regards, Tom In the company's own words: Almost all of our experience to date is in the travel industry. The travel industry is characterized by "expiring" inventories. For example, if not used by a specific date, an airline ticket or hotel room reservation has no value. The expiring nature of the inventory creates incentives for airlines and hotels to sell seats or room reservations at reduced rates. Because we have only limited experience in selling "non-expiring" inventories on the priceline.com service, such as new cars or financial services, we cannot predict whether the priceline.com business model can be successfully applied to such products and services.