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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) November 22, 2000
priceline.com Incorporated
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(Exact name of registrant as specified in its charter)
Delaware 0-25581 06-1528493
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(State or other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
800 Connecticut Avenue, Norwalk, Connecticut 06854
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(Address of principal office) (zip code)
Registrant's telephone number, including area code
(203) 299-8000
N/A
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS.
Walker Digital, a separate privately held company, advised
priceline.com Incorporated (the "COMPANY") that it was restructuring its
operations and significantly reducing its workforce as a result of capital
constraints. Under the terms of agreements between the Company and Walker
Digital, Walker Digital agreed to reimburse the Company for a portion of
legal expenses incurred in connection with certain patent litigations and
indemnify the Company for damages, liabilities and legal expenses incurred in
connection with litigation involving Marketel International Inc. The Company
currently believes that Walker Digital's ability to fulfill its obligations
under these agreements is in doubt. Accordingly, the Company expects to
record a charge in the fourth quarter 2000 primarily in respect of fees and
litigation expenses.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
PRICELINE.COM INCORPORATED
By: /s/ Robert Mylod
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Name: Robert Mylod
Title: Chief Financial Officer
November 22, 2000
