Expedia rides on Microsoft's rich coattails

Article Abstract:

Expedia.com, an online travel agent, was spun off by Microsoft in a highly successful initial public offering that saw the company's stock zoom 282% to $53 7/16 on its first day of trading. The hot reception indicates Wall Street's willingness to put money in a venture backed by the software giant. The three-year-old Expedia, 86%-owned by Microsoft, had an operating loss of $19.6 million on revenue of $38.7 million for the year ended Jun 30, 1999.

On-Line Information Services, Organizational history, Videotex & Teletext Svcs NEC, Internet services, Online information services

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Credit scam on Expedia exposes e-retailing risks

Article Abstract:

Expedia.com, the online travel firm, was victimized by a credit card scam starting Nov 1999, which only ended when the Internet company was notified by American Express Co and Microsoft Corp's security unit on Feb 15, 2000. The breach has resulted in losses amounting to $6 million. This experience by Expedia.com proves how majority of Internet companies are ill-prepared when it comes to handling credit card fraud.

Public affairs

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Expedia.com lets users name price of hotel

Article Abstract:

Microsoft Corp's Expedia.com online travel service allows travelers to name the price and the type of hotel they prefer. The Hotel Price Matcher enables customers to select a hotel by location and category and compares the bid price to the usual lowest price offered by the hotel. The service also allows consumers to name their price for airline tickets, mortgages and cars.

Services information, Microsoft Corp.

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