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  Clouser, 29 Jun 2000 @ 5:20pm

  
  

  Purple Demon (HotWire) vs. Priceline

  This new "startup" is a shame. It's really a concoction of Scient's; like the investment banks, these new web "consulting" or "outsourcing" firms (that Forrester blasted) put together "pitches" aimed at bricks and mortar companies. Basically, the airlines were blinded and hard sold into this deal. Oh, and let's not forget the poor investor. It was quite telling that an outside investor w/ little experienced was aroused into this deal. Scient walks away with a big fat check so its old-boy, nonrisk-taking MBA's can have yet another fattening yuppie restaurant meal in one of the finer establishments. Scient's partners benefit as well. The airlines are left with a big potential lawsuit and little competitive advantage. The investor ends up with a negative IRR. The consumer pays more for his already value-taken away seat on the airplane. The entrepreneur suffers. Entrepreneurship loses one to the big cheeses of the world. This is the worst fallout of this quirky, illogical, burgouise deal. Mike Clouser Clouser@iLodging.com www.iLodging.com

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