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UNITED STATES
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
JUNE 4, 2002
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)
SABRE HOLDINGS CORPORATION
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 1-12175 75-2662240
(STATE OR OTHER JURISDICTION (COMMISSION FILE NO.) (IRS EMPLOYER
OF INCORPORATION) IDENTIFICATION NO.)
3150 SABRE DRIVE
SOUTHLAKE, TEXAS 76092
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (682) 605-1000
NOT APPLICABLE
(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT.)
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ITEM 9. REGULATION FD DISCLOSURE.
On June 4, 2002, Registrant announced that Yahoo!, Sabre and Sabre's
wholly-owned subsidiary Travelocity.com have entered into a long term strategic
alliance. The news release announcing the transaction is filed as an exhibit
to this report.
The Registrant continues to expect its earnings to be within the range of
$1.93 to $2.03, before special items, for the full year 2002. Sabre expects the
transaction with Yahoo! to be slightly dilutive to earnings in the second half
of 2002 due to earlier than anticipated renewal of its contract with Yahoo!.
The multi-year deal with Yahoo! is expected to be accretive to Sabre's earnings
over the term of the transaction.
CAUTIONARY NOTICE ABOUT FORWARD-LOOKING STATEMENTS
Statements in this report and the news release filed herewith which are not
purely historical facts, including statements about the expected performance of
the relationship between the parties being announced in this release, the
expected performance of new initiatives, products and/or services discussed in
this release, the development and adoption of new technology and products, or
other statements about anticipations, beliefs, expectations, hopes, intentions
or strategies for the future, may be forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as amended.
Readers are cautioned not to place undue reliance on forward-looking
statements. All forward-looking statements are based upon information available
to Sabre and Yahoo! on the date hereof. Sabre undertakes no obligation to
publicly update or revise any forward-looking statements, whether as a result
of new information, future events or otherwise. Any forward-looking statements
involve risks and uncertainties that could cause actual events or results to
differ materially from the events or results described in the forward-looking
statements in this release, including risks or uncertainties related to: the
success of the relationship between the parties being announced in this
release, competition from established and emerging travel distribution
channels; travel agency consolidation and increased competition for travel
agency subscribers; rapid technological changes; systems failures or
constraints and business interruptions, the slower spending environment for
advertising sales; the demand by customers for the products and services
discussed in this release; the dependence on third parties for technology,
content and distribution and general economic conditions (including the effects
of events related to the terrorist attacks on the United States of September
11, 2001). Sabre may not succeed in addressing these and other risks. Further
information regarding factors that could affect Sabre's financial and other
results can be found in the risk factors section of Sabre's most recent filing
on Form 10-Q with the Securities and Exchange Commission.
SIGNATURE
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.
SABRE HOLDINGS CORPORATION
By: /s/ James F. Brashear
Name: James F. Brashear
Title: Corporate Secretary
Date: June 4, 2002