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 Priceline.com (PCLN) (Page 3)
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| Author | Topic: Priceline.com (PCLN) |
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Earnings Administrator |
posted 04-24-2000 07:32 PM
 
Company (ticker): reported, expected, same q last year priceline.com (PCLN): -$0.04, -$0.06, -$0.12 |
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InvestorGuide Daily Administrator |
posted 04-21-2000 06:47 PM
In Brief: - Priceline.com (PCLN) expanded their "name-your-price" car shopping to 48 states. Like the company's other services, customers choose the car, options, and price they want to pay and Priceline Auto Services will notify them in one business day whether a local dealership accepted the offer. |
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netinvestor |
posted 04-18-2000 04:26 PM
The NY Times said that Priceline was getting too many customers for its infrastructure. In general that's a good thing as long as it doesn't lose users by being slow or unresponsive. |
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JHirsch |
posted 04-13-2000 03:27 PM
BTW, all i just wrote was in relation to the airline ticket selling. I assume they do things the same in their other businesses, but i'm not sure. |
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JHirsch |
posted 04-13-2000 03:25 PM
We've got to remember that those earnings coming out will be based on revenue booked as the price of the ticket, when in reality the only revenue (or loss in some cases) to priceline is the difference between the price Priceline pays for it and they price they sell it at. That's not how they've been counting it, but sooner or later it'll catch up with them. |
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wassup? |
posted 04-13-2000 01:31 PM
Saw this today: "It's the top pick and core holding in the e-commerce universe," explains Gregory Konezny, analyst with US Bancorp Piper Jaffrey. Priceline.com is expected to report first-quarter earnings on April 24, after the market close. Consensus estimates call for a loss of six cents per share and "whisper" numbers from WhisperNumber.com expect the same." |
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MaxPower |
posted 04-12-2000 02:48 PM
Yeah, but Priceline still hasn't demonstrated that they will spend the time and money to stand up for their so-called patent, or that their patent will stand up in court. An airline, which has more money and legal resource than Priceline, really has nothing to lose, especially is they threated to not participate in Priceline's database. |
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happyguy |
posted 04-12-2000 10:41 AM
In refernce to the Investorguide daily article... Its interesting that some of the airlines are attempting to make a priceline-like website which sells unused inventory at lower prices. The priceline patent should be a problem, shoudln't it? Or hopefully they are going to have a system different enough that it doesn't fall under the patent restrictions. |
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InvestorGuide Daily Administrator |
posted 04-11-2000 06:33 PM
Worried that they have missed their internet connection, the nation’s largest airlines are racing to reclaim the online-reservations business. Once, airlines thought they could simply put up their own reservation sites and passengers would come booking. But consumers chose to cast for bargains on Priceline.com or select from the multiple choices they get on Travelocity and Expedia, both of which have grown dramatically through acquisitions and marketing. (source: MSNBC) http://msnbc.com/news/393214.asp |
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MaxPower |
posted 04-11-2000 04:44 PM
I agree. The key is not whether people will use the service or not, since if you spend enough money, most people are impressionable enough so that they will do what your message tells them they should do. But like JHirsch, I think the key is figuring out which industries or niches fit well within Priceline's business plan. Any business that has a supply of goods with an extremely limited shelf life works well. Once an airline seat is unfilled, that money is lost forever. But you can keep Cheerios on the shelves for years, and who can tell the difference? |
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JHirsch |
posted 04-11-2000 02:10 PM
I gotta agree with the Upside guy... It just won't cut it in the grocery market. What incentive do the supermarkets really have to sell these goods... in most cases they aren't excess goods, but rather goods they'd sell anyway later. Yeah, you reduce inventory costs, but there are things called SALES to do that. They happen every day. Just go to your local grocer and take a look down the aisles...  Seriously though I don't think this model will succeed, although I did recently notice here in the DC area some of the more upscale groceries are now using the service. That will help a little but it still won't succeed. |
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KeithG |
posted 04-10-2000 09:48 AM
Here is an analyst's take on PCLN from Upside.com. I agree with his comments on the grocery stuff--but am willing to believe he/I might be wrong. What is the price for smoke & mirrors? The company that made itself a household name by letting consumers name their own price on airline tickets is now trying to bring the technology to just about any product it possibly can. As fans of the basic business plan and technology, we were disappointed to see the venture into home financing and automobiles, but then we outright cringed at groceries. How many people will go online once a week to negotiate for groceries? Revenues went up in 1999, to nearly 14 times the previous year's numbers, but so too did net losses, mounting to nearly $53 million in calendar year 1999. Yet the company's upbeat management announced in January that they expected to be in the black by the first half of 2001, pushing ahead their estimates from the second half of 2001. We say no way. Priceline.com is doing an Amazon -- it's expanding into new markets too quickly at the expense of building solid, profitable businesses in key segments. The company got into groceries late last year and has announced plans to offer everything from car rentals and vacation packages to long-distance calling by the end of 2000. And then there's the launch of an Asian Priceline.com out of Hong Kong. The concept is a natural for certain markets in which there are regular pockets of excess supply. Which is why the name-your-price technology is so well suited to perishable travel commodities such as air tickets, hotel rooms, and car rentals. The company should have remained focused on these key sectors and avoided markets such as groceries. What price Priceline.com? If it does not remain focused, its current share price is far too high. When certain lines of business fold and the company pushes back its date with profitability, expect this stock to drop 50 percent or more. Investors won't have the ability to name their own price. |
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KeithG |
posted 04-07-2000 03:59 PM
Here is CBS Marketwatch's little due diligence on Priceline. Some people have hopes, some don't. I don't know how I got into being the defender of this priceline grocery thing, I still think it is a bad idea. but, I am not afraid to present other evidence. |
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JHirsch |
posted 04-03-2000 05:40 PM
"However, if they can bring in people who would not normally go to their stores by offering a discount on 25% of their total purchases, doesn't it still make sense" That depends how big the discount is, how big the overall purchase is, and if they can lock in the customers. I know that in my area, only the second rate groceries are getting into that service. I don't go to them because they are second rate. I'm not gonna start now to save 7 cents on a can of corn... As I said before, when they start delivering it'll be a viable model to use (Although might still be a loss leader) |
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MaxPower |
posted 03-31-2000 04:58 PM
On some level, I almost see this like after hours trading. Right now, with the volumes pretty small and the sellers and buyers not matching up perfectly, very few shares are actually traded. And in the grocery sense, it may take a little longer that in normally would. But as more an more people start using it, more and more buyers and sellers will be able match much more quickly, until finally, you have a NYSE or Nasdaq when most of the time, when you want to buy shares at a certain reasonable price, they are available. Just like groceries. Make sense? |
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