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Technology Stocks : Peapod (PPOD)

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To: Steve Bower who wrote ()	6/25/1998 2:31:00 PM
From: Arthur	Read Replies (1) of 1170

Thom Calandra, CBS MarketWatch Last Update: 01:37 PM June 25, 1998 cbs.marketwatch.com After dipping beneath 4 a share one week ago, Internet grocer Peapod (PPOD) of Illinois has seen its shares rise smartly. On Thursday, the shares cracked 6, up more than 10 percent in a day. They reached as high as 14 last October. Investment firm Westfalia earlier this week started coverage of Peapod as a "speculative long-term buy." Funny. Forrester Research just said that it has high hopes for Internet commerce in every category you could think of -- except food and other groceries. Peapod, a 1997 initial public offering, has never rewarded early investors after its shares were offered at $16 a share last summer. Two months ago, several news services speculated that America Online (AOL) or another large online network would bid for all of the company's shares.

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