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To: Glenn D. Rudolph who wrote (106842)	8/1/2000 11:18:11 AM
From: H James Morris	Read Replies (1) \| Respond to of 164684

>I believe I can prove a pure etailer cannot ever turn profitable. Glenn, do you consider eBay to be a etailer? I consider eBay to be a junk store. But as I understand it...it caught America by storm. Btw >-- 8/1/2000 9:57:00 AM DSCM raises $62.7 million Drugstore.com (dscm: news, chart) is adding 9/16, or 11.4 percent, to 5 1/2. The Bellvue, Wash., Internet drug retailer raised $62.7 million through a private placement. Drugstore.com said the average price per share in the placement was $4.9375. The company said $23 million of the placement will initially take the form of participating, non-voting, preferred stock that will automatically convert into common stock upon shareholder approval. The placement is being led by Integral Capital Partners. Other investors include Baron Capital and Hearst Communications, a personal investment from John Doerr, as well as participation from certain other existing investors. In addition. Drugstore.com reported a second-quarter pro forma loss of $42.3 million, or 83 cents a share. This figure excludes one-time items. Sales rose to $24.6 million in the latest three months from $3.6 million in the same period a year earlier.