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

To: SpongeBrain who wrote (1358)	5/17/1999 9:19:00 AM
From: Tom Hua	Read Replies (1) \| Respond to of 2743

SB, Steve Harmon's take on PCLN, PTVL. Note that Preview reports ticket commissions as revenues. If PTVL uses the face value of ticket sales as PCLN does, then P/S for PTVL is less than 2. Regards, Tom "What is your opinion on the cyber travel companies like PTVL, PCLN?" Reply: Preview Travel (NASDAQ:PTVL - news) seems to have turned a corner with management but I think the stock is fairly valued at about 15x annualized revenue. Priceline (NASDAQ:PCLN - news) sales growth looks impressive with more than 7,000 airline tickets being sold recently in one day. The strength of Priceline is the model, one which empowers Internet users, clearly a model that cannot exist anywhere off the Net. The weakness of the model is its reliance on airlines. PCLN also looks kind of frothy at more than $18 billion market cap and 85x sales, Captain Kirk or not. fnews.yahoo.com