s Expedia Inc. reported a 4.8 percent drop in quarterly net profit, a report shared that there has been a "scurrying to revalue the online travel stocks".

"Expedia observed on its post-earnings conference call that the softness the company had been seeing in the US and the UK earlier in the year has now extended to "nearly all" geographies and all key product areas, including air, hotels and car rentals. The company indicated that transactions dropped off during the week Lehman went bankrupt, and have not rebounded much since," reported blogs.barrons.com. "This morning (October 31), several analysts cut ratings on the stock."

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