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Technology Stocks : Peapod (PPOD)

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To: Moominoid who wrote (340)	7/31/1998 10:15:00 PM
From: Doug (Htfd,CT)	Read Replies (1) of 1170

David, I didn't realize you're down under, but there it is right on your profile. Is Coles-Myer one of the leading grocers there? Its not a name known here on the East Coast of the States. My view of PPOD has been comparable to that of Security First Net Bank (SFNB) ... that is actual grocery (or banking, in SFNB's case) business is more of a proof of concept of its software and order/pick/delivery model ... and that it plans to make money long term developing and licensing that software and model to actual retailers. The retail business is low margin. Software and franchising are high margin. I'd rather be in the high margin business, particularly if it has prospects of rapid growth and network economies. SFNB has already begun its shift by selling the actual bank and focusing on development of "Online Bank" systems for major money-center banks who are also shareholders. I see the same thing happening with PPOD's relationship with Cole-Myers. Can you share with us some of the older stories you may have archived about Cole-Myers and PPOD? Doug (long PPOD @$7 and SFNB @20)

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