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Travel business wars move to Wall Street

Microsoft's Expedia nearly triples in its first day of trading, despite heavy competition in the online travel sector, fueling speculation that this may be the first in a line of spin-offs for the software juggernaut.

CNET News staff
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CNET News staff
 
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Amid heavy competition in the online travel sector, Microsoft's Expedia debuts on the market, fueling speculation that this may be the first in a line of public spin-offs for the software juggernaut.

 
Expedia adds to Gates's net worth
Microsoft investors and top executives Bill Gates and Steve Ballmer see riches from the online travel site's sucessful IPO.

Will Expedia trigger more spin-offs?
Expedia's early success could play a role in Microsoft's plans as it ponders how to respond to last week's harsh rebuke of the software giant by a federal judge.

Expedia sees high-flying market debut
update Shares of the online travel site surge on their market debut, rising more than 280 percent in heavy trading on the Nasdaq.

Net firms, airlines near head-on collision
update Internet travel companies and the major airlines are on a head-on collision course in cyberspace, and the response in Expedia's IPO could be key in predicting the outcome.

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