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Filed by: GetThere Inc.
Pursuant to Rule 425 under the Securities Act of 1933 and
deemed filed pursuant to Rule 14d-9 of
the Securities Exchange Act of 1934
Subject Company: GetThere Inc.
Commission File No.: 333-91803
Subject Company: Sabre Holdings Corporation.
Commission File No.: 333-40932
Subject Company: GetThere Acquisition Corp.
Commission File No.: N/A
INTERVIEW
TRAVEL WEEKLY DAILY BULLETIN - September 26, 2000
News - Business & Government Travel
GetThere projects future with Sabre (9/26/00)
Travel Weekly business travel editor Jerry Limone interviewed GetThere's
chief executive officer, Gadi Maier, in his Menlo Park, Calif., office soon
after Sabre Holding Corp. announced its intention to buy GetThere. The
interview follows:
Travel Weekly: What will Sabre provide GetThere that it didn't have already
or couldn't acquire on its own?
Maier: The two companies together can help accelerate adoption
[of on-line booking], which is now a fairly small percentage of corporate and
consumer bookings.
TW: At NBTA [the National Business Travel Association convention] this July,
you recommended that corporations searching for an Internet,
business-to-business travel vendor should look to a company "independent of
airlines, travel agencies, CRS systems and back-office financial systems."
Now you are to be owned by a CRS vendor. What gives?
Maier: I don't think that's a contradiction because GetThere's going to
remain an independent company with [capability of connecting to] multiple
CRSs. There's nothing that will affect that independence.
One of the very important and persuasive elements of the merger was to keep
this as a separate entity. Headquarters are still here in Menlo Park under my
leadership with the same name. Multi-CRS connectivity was an attraction to
Sabre, and we're still 100%
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committed to that. It's in the best interests of our customers to pick
whatever CRS they want, whichever airline they want, whichever back-end
system.
TW: Whom do you see as your prime competitors?
Maier: The 99% of the people who pick up their phone to make a booking
[said with a chuckle].
TW: How about your competitors within the corporate on-line booking industry?
Maier: You've still got Microsoft, Oracle, TRX, Galileo, Amadeus, Rosenbluth,
XOL and probably a few thousand others [another chuckle].
TW: Do you think the impending merger tilts the playing field in your favor?
Maier: The real issue is that we're revolutionizing the largest industry in
the world by driving people on line.
This is a particular application where a substantial if not entire part of
the application can be done on line, and that's always been the driving
motivation. We hope [the Sabre purchase] will help us get there, to use a
good term.
TW: How does Sabre's upcoming acquisition affect GetThere's ability to ink
travel suppliers to take part in its direct-connect marketplace?
Maier: It will leave it, for the most part, unchanged. Our stated objective
is clearly that direct connect is a technology approach that is very likely
to become one of the technologies in use in the next couple of years, and
we're committed to it.
I think Bill [Hannigan, Sabre Holdings' chief executive officer] believes it's
going to happen and he'd rather be in the driver's seat than watching the
transition affect his core business.]
TW: Five years from now, how many companies like GetThere do you envision in
the market?
Maier: History has taught us that, in an issue like this, there generally
tends to be three or four major players in the marketplace. I think we'll
certainly be one of them.
TW: Five years from now, what level of penetration do you expect for
corporate on-line booking?
Maier: Industrywide, I'm looking at over 80%. I'm being somewhat
conservative, I think. With our model, certainly within three to seven years,
you'll be seeing 90%
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to 95% adoption because virtually anything that can be done over the phone
with a travel agent can be done better on line. I think people will gravitate
toward better. I don't say that casually.
I think agents are wonderful people, but I just think that this is one of the
applications where it is basically a mathematical operation. It is an
individual and multivaried type of equation -- I want to go here at this time
at this price.
The Internet provides great access to that. We can provide better quality
travel, better choices and better service through a combination of on-line
and computer-backed programs.
TW: What role will the traditional travel management firm play in the future?
Maier: It will have to focus on higher-value transactions or very
complicated, people-intensive transactions.
For example, a lot of corporate executives are looking for that specialized,
concierge-type service. I also think there are those areas of consulting and
analysis where there will still be some good value provided
[by travel management companies.]
TW: To what extent will transactions bypass the CRS in five years?
Maier: I'm going to guess somewhere between 20% and 50% in the corporate
marketplace.
If you get the largest airlines and the largest hotel chains and the largest
car rental agencies and you put them all together and go direct, that's going
to pick up a substantial amount of transactions.
This technology will be proven out quickly because the advantages are much
greater in price and speed -- you can make transactions faster in direct
connection than you can in a CRS.
And you are not limited to character-based technology -- you have pictures,
video, images and sound. These are compelling advantages.
When was the last time you sat down at a terminal and looked at a green
screen with the cursor flashing? You don't work at a terminal anymore, you
work on a PC with connection to the Internet.
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FORWARD LOOKING STATEMENT AND INVESTOR NOTICE
THE STATEMENTS IN THIS INTERVIEW REGARDING THE TENDER OFFER AND PROPOSED
MERGER OF GETTHERE AND ANY OTHER STATEMENTS, WHICH ARE NOT HISTORICAL FACTS,
ARE FORWARD LOOKING STATEMENTS. SUCH STATEMENTS INVOLVE RISKS AND
UNCERTAINTIES, INCLUDING, BUT NOT LIMITED TO, RISKS THAT THE TENDER OFFER
WILL BE TERMINATED WITHOUT THE PURCHASE OF SHARES OR THAT THE MERGER MAY BE
DELAYED OR NOT OCCUR AND OTHER FACTORS DETAILED IN SABRE HOLDING
CORPORATION'S AND GETTHERE'S FILINGS WITH THE SECURITIES AND EXCHANGE
COMMISSION ("SEC"). IF ONE OR MORE OF THESE RISKS OR UNCERTAINTIES
MATERIALIZE, OR IF UNDERLYING ASSUMPTIONS PROVE INCORRECT, ACTUAL OUTCOMES
MAY VARY MATERIALLY FROM THOSE INDICATED.
SABRE FILED A TENDER OFFER STATEMENT ON SCHEDULE TO WITH THE SEC ON
SEPTEMBER 11, 2000, AND FILED AMENDMENTS TO THE SCHEDULE TO ON SEPTEMBER 14
AND 15, 2000. GETTHERE FILED A SOLICITATION/RECOMMENDATION STATEMENT ON
SCHEDULE 14D-9 WITH THE SEC ON SEPTEMBER 11, 2000 IN CONNECTION WITH THE
TENDER OFFER. THE SCHEDULE TO AND THE SCHEDULE 14D-9 WERE MAILED TO
SHAREHOLDERS OF GETTHERE ON OR ABOUT SEPTEMBER 12, 2000. SHAREHOLDERS OF
GETTHERE ARE URGED TO READ THE TENDER OFFER STATEMENT AND THE
SOLICITATION/RECOMMENDATION STATEMENT AND ANY OTHER RELEVANT DOCUMENTS FILED
WITH THE SEC. THE TENDER OFFER STATEMENT AND THE SOLICITATION/RECOMMENDATION
STATEMENT CONTAIN IMPORTANT INFORMATION ABOUT SABRE, GETTHERE, THE TENDER
OFFER, AND RELATED MATTERS THAT SHOULD BE CONSIDERED BY STOCKHOLDERS BEFORE
MAKING ANY DECISION REGARDING THE TENDER OFFER, MERGER AND RELATED
TRANSACTIONS. THE TENDER OFFER STATEMENT AND THE SOLICITATION/RECOMMENDATION
STATEMENT AND OTHER DOCUMENTS WILL BE AVAILABLE FREE OF CHARGE ON THE SEC'S
WEB SITE AT http://www.sec.gov AND FROM SABRE AND GETTHERE. SABRE AND
GETTHERE ALSO FILE ANNUAL, QUARTERLY AND SPECIAL REPORTS, PROXY STATEMENTS
AND OTHER INFORMATION WITH THE SEC THAT ARE AVAILABLE FREE OF CHARGE AT THE
SEC'S WEB SITE AND FROM SABRE AND GETTHERE.
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FOR MORE INFORMATION ABOUT GETTHERE
CONTACT GETTHERE INC. INVESTOR RELATIONS VIA THE INTERNET AT
[email protected]
OR BY TELEPHONE AT (650) 752-1627, DAN TOPOREK, DIRECTOR, PUBLIC RELATIONS.
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