I'm new to this site and I haven't heard about the $50 AA 10K promo. Can someone give me info about it?

Thanks

I could not find an option for transferring points to Starood. Would anyone be able to tell me where to find it, or provide a link? Also, what is the minimum points that can be transferred?
Thanks,
dc

For Starwood redemption copy and paste the following:

https://www.clickrewards.com/info/CRequestHandlerServlet?request=CRewardMoreInfo&Nav Id=6804&style=clickrewards

[This message has been edited by letiole (edited 03-24-2001).]

A word of caution here. I spent about 20 minutes filling out application on line and then came to the following message below when I had completed the form. I don't plan to have this as my main brokerage account and I don't plan to keep $20k in the account, so $25 per quarter is a very steep fee.

"Sign up for CitiOne sm now. We'll waive the $25 quarterly fee if you maintain a balance of $20,000 or when you make just 4 qualified trades. Just select any of the features below to gain access to the greater financial management CitiOne offers."

http://dailynews.yahoo.com/h/nm/2001...ives_dc_1.html

From the San Francisco Chronicle on 4/3/2001:

Online marketer Netcentives said yesterday that it will cut 120 jobs in an effort to reduce costs. The San Francisco company, which will have 380 employees after the cut, also disclosed that West Shell will resign as chief executive and be replaced by Eric Larsen, the firm's president.

Yes, it's been a very, very rough ride for this company. 75 cents a share is too cruel considering they were at one point very close to $100 per share. Will they make it? I truly believe they will, though probably not as an independent company. I think they are a current takeover target and just today loaded up on a bunch of new shares at .75 cents. Now, I've had my share of stock losses, so don't follow me to E*Trade to earn miles and more, but i think time will tell that something has to happen pretty soon. Because of their asset base it's unlikely they face delisting, but if only they get back to $1.50 i will have doubled my money and I will be very happy by then. As for the inventory of mileage balance. I, like others have plenty in there, some 175,000 ClickMiles (as a point of trivia, do you know that they acquired that trademark (ClickMiles) from me? Yep, I owned it at one time for use on WebFlyer). But because of the airline equity in the company, I think I'm protected and am not ready just yet to commit on how i like my miles. I view them like Membership Rewards and like the flexibility - so I'm holding them because as of yet, I don't think I need to fold them.

P.S. a note to the executives of Netcentives - please don't embarass me in front of my fellow flyers, please keep this company solvent.

Great comments Randy!

I actually like ClickRewards to stick around as well. The key here is to think about how they work. I don't know for sure, but the way I see it...they collect revenue when you are credited with ClickMiles. Their biggest outflow of cash is going to come when you actually redeem your ClickMiles. It seems unlikely to me that they would invest in a large inventory of rewards and require an extensive warehouse and inventory control.

So, if all of us that have large amounts of ClickMiles in the company leave them in, maybe we will end up doing our part to insure their survival during this difficult time.

On another note, consider that the elimination of jobs by a company is not necessarily bad news. If they eliminate some expenses without hindering the quality of their business, it actually means a greater chance of survival and a road to profit.

Adam

What is the symbol?

Netcentives is really a great company. I hope Randy's words become true because like this fantastic home for the frequent traveller, ClickRewards.com certainly has their place, as well. They have earned the right to be successful.

ANR:
You're right, the biggest liability ClickRewards has is their outstanding ClickMiles. In a February interview on On24.com, the former CEO West Shell said that they have 4 billion plus ClickMiles in member accounts. If even 50% of these are redeemed for airline miles this year, at 2 cents a mile, they will need about $40 million. The current market cap is a little less than $30 million. Do the math.

You're right: the elimination of jobs by a company is not necessarily evil. However, it makes you wonder why they hired all those useless hands in the first place. Most investors believe that West Shell was an incompetant and arrogant CEO who had no management skills. Check out this message from a disgruntled former Netcentives employee:
http://messages.yahoo.com/bbs?.mm=FN...29537&mid=3399

It pretty much sums up how things were run in the organization. I agree, ClickRewards is a great service and deserves to stick around. Hope they get their act together under new management. EIther way, don't expect stock price to recover to $1.50 anytime soon...unless they have some earth shattering news before April 24 (FQ2001 results).

Maybe partly (though likely not wholly) because they just acquired some other companies, and there is typically overlap that forces layoffs in many such acquisitions ...

"...I view them like Membership Rewards and like the flexibility..."

Randy, with all due respect perhaps you'll permit me a minor clarification. While seeing the point in your analogy, the flexibility of "Clickmiles" IS very much like "Amex's MRs", I believe it is almost a real insult to "Clickmiles" to mention MR in the same breadth, since the customer service at "Clickmiles" is so VERY superior, while at "Amex MR's", it is truly but sadly NONexistent!

A family member, after my proding, went to PlanetRx to make a purchase to asuure qualifying for the easy 10K NWA Fly Free Faster bonus and they were just wonderful in cleaning up the PlanetRx mess- as they seemingly always are! Amex MR appears to me to just permit the problems to "fester."

Go Clickrewards, not MR's, IMHO!

Beckles: Their last aquisition was UVN Holdings in March 2000, which gave them the whole of last year to reduce overlap if they wanted to.