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Strategies & Market Trends : Temp. Home of Cooperative Group-Trading

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To: Rajiv who wrote (588)	4/28/2000 1:37:00 PM
From: Rajiv	Read Replies (2) of 790

The first cockroach has crawled out - From briefing.com - 12:42 ET Webvan Group (WBVN) 6 17/32 unch: Thomas Weisel initiates coverage with a BUY. Webvan?s consumer offer of free delivery of groceries in a 30-minute delivery window is compelling and has been well received in the San Francisco Bay area. Initial results in terms of number of customers, average order size, and repeat purchases have been very favorable. Skeptics who question ultimate profitability may be ignoring opportunities to modify the operating model to increase deliveries per hour and average order size. (Issue carries a 25 mln share float).

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