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Non-Tech : Borders Group (BGP)

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To: Mony Change who wrote ()	2/3/2000 6:09:00 PM
From: clark	of 411

Regarding WebVan/Borders Partnership (speculation at this point) Further evidence points to BGP as the bookstore most likely to be picked by WBVN as a partner. It appears that Louis Borders helped found WebVan. Reference the following news article excerpt: Seemingly overnight, Webvan -- which raised $375 million in its initial public offering of stock last fall -- has become the standard-bearer for the movement. (Softbank, a major investor in ZDNet, is one of Webvan's financial backers.) To date, it has demonstrated seemingly unlimited access to capital and top-flight executive pedigree, as demonstrated by the hiring of Shaheen. Yet its founder is Louis Borders, whose Borders (NYSE:BGP) bookstores have shown little capacity for fighting off either famous Internet bookselling start-up Amazon.com (NASDAQ:AMZN) or leading brick-and-mortar rival Barnes and Noble (NYSE:BKS). news.excite.com clark

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