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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.
Expedia, Inc., (NASDAQ: EXPE) and SilverRail Technologies, Inc., today announced entry into a definitive agreement in which Expedia® will acquire a majority stake in SilverRail. SilverRail set out to solve rail's most challenging technology problems and has been an important Expedia industry partner, helping to bring online booking for rail to Expedia's customers. expediainc.com
EXPE: Expedia, Inc. | Stock Discussion ForumsShare