Mark Krieger

Priceline Gets Pricey

Bedeviled: Nice work..you sound like a Harvard MBA...If PCLN holders did decide to read the 10Q, they would be horrified by the very high risk this stock holds.


On Aug 24 05:50 PM Bedeviled wrote:

> Absolutely true that the PCLN emperor has no clothes. They cannot
> protect their market--in fact their one main tool that they have
> used to do so, US Patents, are about go away. PCLN as much as admits
> this in their 10Q discussing the changes in US patent law. PCLN has
> previously been asserted its patents against Microsoft and its Expedia
> site to keep them out of the market. Now the Supreme Court is deciding
> in its next term whether "business methods," such as the PCLN auction
> model, are protectable by patents. The law as it stands now has recently
> switched this answer to a "no." There is nothing to keep away the
> "slew of competitors." It makes you wonder if anyone reads a 10Q
> anymore.

Priceline Gets Pricey

You hit the nail on the head--great work! You should be writing the blog, not me!!!!


On Aug 24 01:18 AM User 439661 wrote:

> you failed to mention how much of priceline's earnings are due to
> the dot com era style of pro forma reporting. For the recent quarter,
> they reported gaap of 1.38 and pro forma of 2.02...
> over thirty percent of their earnings go to stock based compensation,
> and any future growth is going to be seriously mitigated by this
> ongoing dilution...