| E-Travel Is A
great Business ...
By: David J. Wardell
© 1999 By: David J.
Wardell. Reproduction or redistribution in any form without
written permission is strictly prohibited. |
||
| According to Travel Weekly on September 23,
the IPO filing from GetThere.com shows that the company has never been
profitable, has run significant losses and experienced negative cash
flow. Moreover, its "accumulated deficit was nearly $46 million,
and losses will continue for the foreseeable future.
To put that in perspective, writing a check for $46 million to acquire either retail or wholesale travel companies would easily have leveraged most anyone into being a major player--most likely with positive cash flow and (at least minimal) profits. But, electronic travel agencies are great businesses, aren't they? |
