Word: webvan
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...stocks of nearly all Internet retailers look like piranha leftovers these days, so it's not surprising that Tuesday's news about Webvan didn't make much of a splash in Silicon Valley's blood-soaked waters. Still, the once-mighty online grocer deserves some kind of award: for most audacious attempt to keep its head above the snapping fish, perhaps. Or maybe the George Foreman award for not knowing when to quit...
...missed it, here's what happened: Webvan's stock was trading at a mere eight cents, or 99% off its November 1999 peak. Since the NASDAQ habitually delists stocks that slip below a dollar, there seemed little chance this e-tailer would stay in the big boys' league. Then some bright (or desperate) spark at company HQ in Foster City came up with the idea of a 25 to 1 reverse stock split. In other words, for every 25 shares you owned before the split, you'd now only own one. The resulting drought should leave Webvan standing $2 tall...
...price-to-sales ratio: $2.12 of stock per dollar of sales. The same dollar's worth of Tide, say, sold through Priceline.com costs shareholders more: $26.11, based on Priceline's recent close of $94. And to own a dollar-size piece of the sales at fledgling dotcom grocery Webvan, you'll have to spend $228.67 on stock. P&G will earn about $4 billion this year. As for the dotcoms' earnings--are you kidding...
...Tired of typing your dead dog's name or your Uncle Bob's street address as the password for yet another website that requires you to register before using it? Now katmango.com will automatically register and log you on to as many as 1,000 sites from CDNow to Webvan. First you fill out a form with the data most commonly needed to register at a website (including your name and e-mail address), then you pick the sites you want to register for. Katmango will automatically select a unique user name and password for each site. If additional info...
These companies don't always manage it, but you've got to give them points for effort. Webvan boasts that its 330,000-sq.-ft. warehouse is so meticulously organized that no packer has to walk more than 19 1/2 ft. in search of a product. Now, post-IPO, the firm is set to build 26 warehouses across the country at a cost of $1 billion...