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October 12, 1996 | From Bloomberg Business News
Sabre Group Holdings Inc. shares rose 17% in their first day amid optimism for steady growth of the travel reservation system operator. "Predictable and steady is attractive," said Harvey Bateman, a portfolio manager at $7-billion-asset Sirach Capital Management in Seattle, which bought shares in the initial public offering. Bateman said he expects Sabre's revenue to rise 15% a year. The stock rose $4.625 to close at $31.625 in trading of 10.
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BUSINESS
October 12, 1996 | From Bloomberg Business News
Sabre Group Holdings Inc. shares rose 17% in their first day amid optimism for steady growth of the travel reservation system operator. "Predictable and steady is attractive," said Harvey Bateman, a portfolio manager at $7-billion-asset Sirach Capital Management in Seattle, which bought shares in the initial public offering. Bateman said he expects Sabre's revenue to rise 15% a year. The stock rose $4.625 to close at $31.625 in trading of 10.
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BUSINESS
October 12, 1996 | Times Staff and Wire Reports
Sabre Group Shares Soar in First Day of Trading: Sabre Group Holdings Inc. shares rose 17% in their first day amid optimism for steady growth of the travel reservation system operator. The shares rose $4.625 to close at $31.625 as 10.2 million shares traded hands on the New York Stock Exchange, making it the fourth-most active issue in U.S. markets. Earlier, shares rose as high as $33.25. Dallas-based Sabre, a unit of AMR Corp., sold 20.2 million shares, or a 15.
BUSINESS
August 29, 1997 | Bloomberg News
US Airways Group Inc. tentatively agreed to turn over most of its internal computer systems to Sabre Group Holdings Inc. in what the companies called a "multibillion-dollar" agreement that would span at least a decade. US Airways said a final agreement could be reached in 90 days. Within two years, Sabre would manage all of US Airways' computerized airport check-in, aircraft and crew scheduling and electronic ticketing systems. Sabre, a unit of Fort Worth-based AMR Corp.
BUSINESS
August 9, 1996 | From Associated Press
American Airlines' parent company announced plans Thursday to sell part of its reservations system, Sabre Group Holdings Inc., taking a step toward giving the technology business its independence. The Sabre unit of AMR Corp. registered with the Securities and Exchange Commission for an initial public offering of up to $550 million in stock. It did not say how many shares will be sold in the long-anticipated spinoff. The price of shares typically is set close to the sale date.
BUSINESS
March 27, 1999
* San Dimas-based American States Water Co. said it is dropping its bid for Dominguez Services Corp., three days after rival California Water Service Group of San Jose raised its offer for the Long Beach-based water utility. American States, which provides water service in California, had made an unsolicited stock-swap offer earlier this month that valued Dominguez at about $32.50 a share. * PSINet Inc.
BUSINESS
July 4, 1998 | From Reuters
It's do-or-die time for people who have scheduled time off before September but still haven't booked a vacation. As the Fourth of July weekend sparks procrastinators' realization that they've only got a few weeks left to make plans, operators of travel sites on the Internet are ready. In recent months, the top three travel Web sites--Preview Travel (http://www.previewtravel.com), Travelocity (http://www.travelocity.com) and Microsoft Corp.'s Expedia (http://www.expedia.
BUSINESS
February 10, 1998 | JAMES F. PELTZ
Is there no grounding the rally in airline stocks? Propelled by strong passenger traffic, rising fares, the sound U.S. economy and lower fuel prices, the airlines just chalked up record profits for the third consecutive year--the first time that's happened in recent memory. And so investors are bidding the stocks into the clouds. UAL Corp.
BUSINESS
March 31, 1998 | JAMES F. PELTZ
The Internet, airlines and health care were hot stock sectors during the first quarter, and real estate, oil services and computer disk drives were not. But don't count on that scenario extending through the second quarter, because the list of winners and losers is already being shuffled. Take the oil services and airline sectors, for instance. Amid a steady slide in global oil prices, oil services stocks took a dive while airline shares took flight in the quarter.
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