Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (5267)	7/25/1999 8:17:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

..and on the 7th day ... Varsha Rao & Mariam Naficy created 'eve.com' www1.eve.com eve.com Who would have thought that the New York City housing crunch could actually be a beautiful thing? eve.com co-founders and co-Presidents Mariam Naficy and Varsha Rao met when Mariam was searching for a place in the Big Apple. As luck would have it, a room in Varsha's apartment opened up, and Mariam moved in. The two spent the next year toiling in the high-stress and long hours of investment banking. As busy professional women, they found it difficult to get to a department store to restock their favorite beauty products, and nearly impossible to check out the latest offerings from the smaller, "makeup-artist" brands that were continually cropping up. Discovering that they were not alone in their frustration, the concept behind eve.com was born. Since every other woman they knew wanted the same "instant gratification" when it came to her cosmetics shopping, Mariam and Varsha decided to find a name that transcends age and racial boundaries, a name that had personality. And so, eve was born. "We loved the name, but found out that the address - eve.com - already belonged to a six-year-old girl in Virginia," recalled Mariam Naficy. "So, we always thought of it as a name that we couldn't have." That was until they teamed with idealab!. After putting together a business prospectus, Mariam and Varsha landed a coveted meeting with Bill Gross, founder and Chairman of idealab!, a venture capital firm with an incredible track record for nurturing successful Internet commerce and entertainment companies. After just a 90-minute meeting, Bill Gross had all the information he needed. He decided that the idea was such a winner that he made Mariam and Varsha an offer the next day. The rest, as they say, is history. eve.com has changed the way women everywhere shop for cosmetics. It is the first company created exclusively to offer an array of prestige beauty products on the web. Tailored to the rapidly growing audience of educated female Internet users, eve.com is poised to become the leading destination for online shoppers to explore and purchase the finest makeup, face and body treatments, fragrances, bath and aromatherapy products, and cosmetic tools. eve.com is financed by idealab!, a respected e-commerce developer with strategic relationships in the cosmetics, entertainment and media fields. As a member of the idealab! family, which includes eToys, WeddingChannel, and CitySearch, eve.com is superbly positioned to dominate the burgeoning on-line cosmetics and personal care market - projected to reach $1 billion by 2003. Board members include Marleen McDaniel, the CEO of Women.com, the largest online community of women. The Company. eve.com is based in San Francisco and is financed by idealab!, Menlo Ventures, and Charter Venture Capital. We are a privately held company. economictimes.com

To: Mohan Marette who wrote (5267)	7/26/1999 7:57:00 AM
From: Mohan Marette	Read Replies (2) \| Respond to of 12475

Essar Shipping fleet to go 'Big' essar.com Essar Shipping is getting rid of its smaller vessels and buying large ones, as part of a new strategy to concentrate on size and economies of scale. The Rs 4 bn company currently has a fleet of 36 small and large ships. The company is already in the international market to buy two second hand Capesize vessels (more than 0.1 m deadweight tonnage, worth around US$ 12-14 m each). Essar is also planning to go in for very large crude carriers (VLCCs) at a later stage. Essar sold one of its small bulk carriers last month for US$ 4 m. Mr. Rajiv Agarwal, chief financial officer of Essar Shipping stated that "We may dispose the remaining seven Handisize-Handimax vessels if we get a good buyer. More Capesize vessels will replace them. Bigger tonnage would lead to simple operations and better efficiency". The Capesize vessels would be chartered to the Group's flagship Essar Steel for importing raw materials and exporting hot rolled coils. The oil transportation sector accounts for 80% of Essar Shipping's revenues. 26 July, 1999 (em)