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Webvan Is To Seek Bankruptcy
News Financially troubled Webvan is reportedly planning to announce on Monday that the online grocer will cease operations and file for bankruptcy protection. Webvan spokesman Bud Grebey declined to comment late Sunday but said a press conference was...
[July 9, 2001, 10:12]
Webvan Bags HomeGrocer
News Webvan Group said Monday it will acquire HomeGrocer.com in a stock swap valued at $1.2bn (£0.79bn). Webvan had projected to be servicing 15 cities by the end of 2001. Based on Webvan's closing price Friday, the deal values HomeGrocer at $9.38 a share.
[June 26, 2000, 15:11]
E-grocers Make Another Go At Home Delivery
News Investors sunk more than $2bn into Webvan and Streamline alone. By comparison, Webvan operated large, expensive warehouses and expanded nationally before any single region was operating profitably. The most spectacular grocery flop was Webvan.
[February 5, 2002, 6:40]
Borders Founder Hawks Old Magazines Online
News Magazines are leaving money on the table through unsold archives, and Louis Borders, the man behind bookseller Borders and dot-com flameout Webvan, says he aims to fix that. KeepMedia is Borders' newest venture after the huge washout of online...
[July 28, 2003, 11:47]
Tesco Looks To Conquer America
News Tesco's plan is in direct contrast to Webvan's. No matter how attractive the proposition you have for consumers, the biggest difficulty you have is breaking down generations-old patterns of behaviour," said Bud Grebey, vice president of...
[June 29, 2001, 15:08]
Tesco Takes Safeway Into Online Shopping
News Tesco is hoping that its business model will prove successful in the US, which has already seen the high-profile collapse of Webvan -- a dot-com retailer that spent more than £800m in a failed attempt to succeed in the highly competitive grocery...
[January 14, 2002, 12:30]
The Day Ahead: Lehman Bond Analyst Zaps Amazon Again
News Would you park your money in Webvan? Webvan is trading under $1. These partners include Drugstore.com, Pets.com, Homegrocer.com, bought by Webvan, Gear.com, Kozmo.com and others. Citing a footnote at the bottom of Amazon's earnings release, Suria...
[October 27, 2000, 13:22]
Salesforce.com Delays IPO
News In 1999, the SEC delayed Webvan's offering for a month after allegations that Webvan executives told analysts information not included in its prospectus. Salesforce.com has delayed its high-profile initial public offering, which had been set for...
[May 18, 2004, 8:25]
Tesco.com Is No E-basket Case
News Dot-coms such as Webvan were once tipped to revolutionise shopping in America, but the company was forced to file for bankruptcy back in July. Unlike Webvan -- which spent heavily to construct its own warehouses -- Tesco.com fulfils online orders...
[September 18, 2001, 10:50]
Web Content: Will Users Ever Pay?
News CNET News.com interviewed Borders from his company's headquarters in Foster City, California, which coincidentally is the former hometown of Webvan. He also happens to be the man behind Webvan, the billion-dollar online grocer that famously failed...
[August 4, 2003, 13:25]
Auctioneer To Play Napster's Last Waltz
News Auctioneer Dovebid has handled the flotsam from a number of recent high-tech and dot-com sinkings, including those of Internet access provider Excite@Home and online grocer Webvan. Computers, furniture and memorabilia from failed music-swapping...
[November 21, 2002, 14:11]
XML Begins To Catch On
News In the past two days, Laura Walker has gotten some strange phone calls, including one from a gaming industry trade group and another from WebVan, the online grocery-delivery firm. WebVan, Walker explains, is interested in how XML will allow the...
[December 9, 1999, 10:02]
Broadband Lures Tesco.com Into Korean Expansion
News The online grocery store Webvan filed for bankruptcy in the US last month, having raked up losses of nearly £1bn. Webvan was one of our biggest critics, and insisted that warehousing was the best way forward.but there are not enough people shopping...
[August 13, 2001, 16:28]
Playboy Interview May Pose Problems For Google
News Other companies, including Webvan and Salesforce.com, have been punished by the SEC for speaking out during their quiet period. For example, Webvan's chief executive gave a conference call that was promotional, and the SEC forced it to delay the IPO.
[August 13, 2004, 10:50]
The Day Ahead: Ready, Set, Rollup
News Webvan's acquisition of HomeGrocer.com last year was all about conserving capital. After some cost cutting, Webvan recently reckoned that it would have enough cash to fund operations in 2001. Of course, Webvan will have to avoid being delisted by...
[February 9, 2001, 12:08]
Toilet Paper Pokes Fun At Dot-com Bottom
News Stock certificates from struggling or failed Web companies are selling for far more than their paper value -- more than $100 for certificates from the now-defunct Webvan and the struggling Drkoop.com, whose stock trades around 11 cents.
[August 20, 2001, 13:31]
Net Laughs At Itself On April Fool's
News GigaLaw.com's Sidd Finch, who wrote the spoof on Napster's financial and legal woes, joked that funds for Microsoft's acquisition of the file-swapping service were provided by former dot-commers, including ex-Webvan CEO George Shaheen.
[April 2, 2002, 14:58]
Amazon Appoints New Finance Executive
News The list of executives who jumped ship from oldline businesses to Internet ventures includes Heidi Miller, who left as chief financial officer of CitiGroup to go to Priceline.com; Bill Malloy, who left AT&T for Peapod; George Shaheen, who left...
[August 30, 2002, 14:59]
Peapod's Salad Days May Have Ended
News That could represent a prize for a traditional grocery company seeking to bolster its fledgling online operation or for such competitors as HomeGrocer and Webvan Group. Peapod, so pressed for cash it is courting takeover offers, has received visits...
[March 31, 2000, 9:18]
Dot-com Ice Age Shows Signs Of Thaw
News Webmergers reckons that half of the companies (388 out of 762) that crashed during the last two years aimed to attract the attention of consumers, a trend shown by the flameout of high-profile sites such as Webvan, Kozmo and Pets.com.
[December 27, 2001, 16:30]
