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Technology Stocks : Webvan Group (WBVN) -- Ignore unavailable to you. Want to Upgrade?


To: dkgross who wrote (380)4/26/2001 11:20:06 AM
From: Tom Klempay  Read Replies (1) | Respond to of 464
 
I had been a loyal Webvan customer in Atlanta since they started serving our market last spring. I am majorly bummed over this.

To quote Bill Murray from Stripes, "and then, depression sets in..." :-( :-( :-(



To: dkgross who wrote (380)4/30/2001 7:53:21 PM
From: Brian Sullivan  Read Replies (1) | Respond to of 464
 
Webvan plans a reverse 25-to-1 stock split

The company said today that its board of directors has approved a
25-to-1 reverse stock split, subject to approval by Webvan's
shareholders at the annual meeting to be held in June.
"At present, we have too many shares of Webvan securities
outstanding," Swan said. "A reverse split of 25-to-1 will reduce our
number of outstanding shares to approximately 20 million. We believe
such a move is in the best interest of our shareholders. A reverse
split will also support our effort to raise the Webvan share price
above the Nasdaq's $1 per share listing requirement."