Re: WebVan buys HomeGrocer: walking wounded

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From: Gregory Alan Bolcer (gbolcer@endtech.com)
Date: Tue Jun 27 2000 - 14:40:50 PDT

Kozmo.com is for the ultra-lazy. The example on their commercials?
The batteries in the remote control go out and you're too lazy to
drive to the store.

Greg

Rohit Khare wrote:
>
> [somehow, last-mile Internet delivery sounds like it ought to be a
> more open infrastructure, but fundamentally, Americans like to drive
> :-)]
>
> June 27, 2000
> Webvan to Acquire HomeGrocer in $1.2 Billion Deal
>
> By LAWRENCE M. FISHER
>
> SAN FRANCISCO, June 26 -- The much-anticipated consolidation of the
> online grocery market got under way today with the announcement that
> the Webvan Group Inc. would acquire HomeGrocer.com Inc. in a stock
> swap valued at approximately $1.2 billion, based on Friday's closing
> price of $8.72 a share for Webvan stock.
> 

-- 
Gregory Alan Bolcer        | gbolcer@endtech.com    | work: 949.833.2800
Chief Technology Officer   | http://www.endtech.com | cell: 714.928.5476
Endeavors Technology, Inc. | efax: 603.994.0516     | wap:  949.278.2805

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