|A: Hotels.com Lowers Outlook, Plans Stock Buyback|
Boston, Jan 06, 2003 (MidnightTrader via COMTEX) -- Hotels.com (ROOM) today
lowered its Q4 revenue outlook to a range of $270-271 million, versus previous
projections of $283-289 million. The company also cut its net income projections
to $22.2-23.0 million, versus previous projections of $27-28 million.
The company also announced plans to repurchase up to $100 million of its common
stock. The stock is declining 15% today on 20,100 Instinet shares.
Price: 50.00, Change: -9.04, Percent Change: -15.3