Traders on Wall Street have gone wild over online restaurant reservation system OpenTable, rewarding it with a price/earnings ratio as high as 130. That's the kind of valuation you'd expect to see for a company that has discovered a cure for cancer, not one that enables people to book a seat at, say, Buca di Beppo or one of the many other restaurants in its network. While OpenTable seems to work well for most full-service restaurants that participate, a few operators have begun to question ...

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