This is for Mark Fowler.
Here it comes. Another Kleiner,Perkins deal. The Keiretsu, is back.
>>
Redmond, Washington, Jan. 24 (Bloomberg) -- Drugstore.com, an online pharmacy that plans to introduce its World Wide Web site sometime this quarter, plans to become the Amazon.com Inc. of analgesics even though it lacks established relationships with drug distributors, the New York Times reported. The venture, backed by venture capital firm Kleiner Perkins Caufield & Byers, is headed by Peter Neupert, a former Microsoft Corp. executive who turned Windows operating system to a market leader and was instrumental in the creation of Microsoft's cable-television venture MSNBC with General Electric Co.'s NBC network. Drugstore.com will compete with new virtual-storefront ventures by Soma Corp., Rite Aid Corp., Drug Emporium Inc. and Wal-Mart Stores Inc., to sell drugs, vitamins, beauty aids and other products, the Times said.
Starbucks Corp. Chairman and Chief Executive Howard Schultz agreed earlier this month to buy a stake in closely held Drugstore.com.
(NYT 1/24 www.nytimes.com)
15:30:31 01/24/1999<<
Ps
TomD take note. |
