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To: GSmithers who wrote (30891)	2/8/2000 5:23:00 PM
From: Americo Burgos III	Respond to of 40688

Anyone see this about UPS and e-commerce?? cbs.marketwatch.com E-Commerce Report UPS creates e-commerce incubator By Deborah Adamson, CBS MarketWatch Last Update: 5:23 PM ET Feb 7, 2000 Internet Daily Internet Daily Europe New! ATLANTA (CBS.MW) -- Joining the rush into the e-commerce niche, United Parcel Service on Monday said it's creating a subsidiary whose goal is to identify and develop e-commerce Web start-ups. The express carrier and parcel-delivery company said the UPS E-Ventures subsidiary will be the research, development and incubation arm of UPS E-Commerce. This subsidiary will develop and invest in both independent companies and those that fall within the corporate parent (UPS: news, msgs). "We want to quickly identify start-ups that are in e-commerce or related to e-commerce," Mark Rhoney, president of UPS E-Ventures, told CBS.MarketWatch.com. He likened the rise of e-commerce to the industrial revolution -- as a major economic shift in society. As such, getting into the e-commerce business is critical to the company's future. "UPS is being smart," said Greg Konezny, an e-commerce analyst at US Bancorp Piper Jaffray. "They have a lot of competencies and assets that can be leveraged." The first company created under E-Ventures is UPS E-Logistics. Rhoney declined to say how much the company is investing into the new business, or E-Ventures for that matter. E-Logistics will over a bundled service to help small and mid-sized Web businesses handle back-office e-commerce and supply chain management tasks. The service will launch in late 2000. Rhoney, a 45-year-old executive who started as a truck loader at UPS 25 years ago, said E-Logistics will handle the back-end tasks for people selling products over the Internet. For example, it can help a business person who wants to sell unique silk scarves over the Web by handling the orders, delivery, inventory management and other related tasks. Over this past Christmas season, what felled even major e-tailers was poor customer service, incorrect orders and late shipments. UPS already handles these tasks for Nike.com and Boo.com. But these are customized services, Rhoney said. With E-Logistics, UPS will put together a standard service package more affordable for smaller clients. Rhoney said UPS still is finalizing the pricing structure and wouldn't give a price range. However, he said it's going to be competitive. Shares of UPS dropped by 5/8 to 55 3/4. Deborah Adamson is a reporter for CBS MarketWatch.