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.

Non-Tech : Procter & Gamble (PG) -- Ignore unavailable to you. Want to Upgrade?

To: Bald Man from Mars who wrote (126)	3/10/2000 11:52:00 PM
From: Bud G	Read Replies (2) \| Respond to of 196

Friday March 10, 11:45 pm Eastern Time FOCUS - Toothpaste Giant hopes to squeeze out profit from the Web. Cincinnati, Ohio., March 10 (Routers) - In a stunning response to critics of its "old economy" marketing methods, consumer giant Procter and Gamble(NYSE:PG - news) on Friday announced it will sell its Crest brand of toothpaste directly over the Internet. Procter and Gamble whose shares fell by nearly 40% this past week on an unexpected profit warning, hurriedly launched crest.com in an obvious effort to placate Wall Street Analysts who have criticized the company for its huge profits and excessive cash flow. Procter and Gamble spokesperson Dottie Kahlm assured analysts on a conference call held this evening that P&G expects its new Internet marketing strategy will drastically lower its gross margins to levels achieved by Internet giant Amazon.com. Procter and Gamble expects to lose $10 for every box of Crest is sells over the Internet. Analyst cheered the company's decisive action and called for the stock to triple on Monday. More Quotes and News: The Clorox Co (NYSE:CLX - news) Dial Corp (NYSE:DL - news) The Procter & Gamble Co (NYSE:PG - news) Related News Categories: health, US Market News Copyright (C) 2000 Yahoo! All Rights Reserved. Privacy Policy - Terms of Service Copyright 2000 Routers Limited. All rights reserved. Republication or redistribution of Routers content is expressly welcomed.Routers shall be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Questions or Comments?