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Prospector
Profile
1119-03
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| Orbitz Worldwide, Inc. |
NAICS |
561510 |
| 500 West Madison Street, Suite 1000
Chicago, IL 60661 |
Description |
Travel Agency |
| (312) 894-5000 |
Employees |
1600 |
| http://www.orbitz.com/ |
Revenue |
(mil) |
752.0000 |
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Income |
(mil) |
-146.0000 |
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Assets |
(mil) |
2061.0000 |
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Liability |
(mil) |
794.0000 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
Orbitz Worldwide, Inc. disclosed a net loss in the third quarter of 2007 of $32 million, as compared to a net loss in the third quarter of 2006 of $9 million. The company reported that for the third quarter ended Sept. 30, 2007, net revenue increased 20% to $221 million from $184 million for the third quarter of 2006. At Sept. 30, 2007, the company's consolidated financial statements showed $1.986 billion in total assets, $1.224 billion in total liabilities, $12 million in minority interest, and $750 million in total shareholders' equity. The company's consolidated balance sheet at Sept. 30, 2007, also showed strained liquidity with $164 million in total current assets available to pay $442 million in total current liabilities.
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Intellectual Property:
The Company's success and ability to compete depend upon its technology and other intellectual property. Among the significant assets are software and other proprietary information and intellectual property rights. The Company relies on a combination of copyright, trademark and patent laws, trade secrets, confidentiality procedures and contractual provisions to protect these assets. However, the Company has a limited number of patents and its software and related documentation are protected principally under trade secret and copyright laws. [SEC Filing S-1 05-10-07]
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Description:
The Company operates as an online travel company that enables leisure and business travelers to research, plan, and book a range of travel products.
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Officers:
Jeff Clarke (Chair); Steven Barnhart (Pres., CEO, CFO & Dir.); Randy Wagner (SVP & Chief Mkt. Officer); Mike Nelson (SVP & COO); Bahman Koohestani (SVP & Chief Information Officer); Katherine J. Andreasen (SVP); Karen A. Klein (VP); Frank A. Petito (VP); Dean Sivley (VP & Gen. Manager); Eric J. Bock (Dir.); Jill A. Greenthal (Dir.); Paul C. Schorr IV (Dir.); William J. G. Griffith (Dir.)
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Auditor:
Deloitte & Touche LLP
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Securities:
Common Stock-Symbol OWW; NYSE;
83,027,963 common shares outstanding as of November 9, 2007.
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