View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
June 13, 1997updated 05 Sep 2016 12:36pm

ONLINE COMMERCE: SPARE AIRPLANE PARTS AND GROCERIES?

By CBR Staff Writer

Just when you thought there might not be real money to be made on the internet, a group of pioneers of successful corporate websites shared their internet success stories and strategies with 100 Seattle-area executives Wednesday at a symposium hosted by a local law firm and Futureworks, a Washington DC-based marketing communications firm. The half-day session featured a panel discussion which included representatives from Eddie Bauer, Microsoft Expedia and Amazon.com. But the biggest winner present appeared to be The Boeing Co, which says that approximately 25% of its spare parts business is conducted on the Internet. It claims to be serving a growing number of airlines and boasts internet sales that currently average a $500,000 a day, and have reached up to $1m on some days. If spare parts for airplanes seems an odd offering on the web, how about Peapod Inc, the Evanston, Illinois company that bills itself as the leading interactive online grocery shopping and delivery company. Peapod is so confident about the online grocery market that it launched an IPO this week of 4 million shares at a hefty $16 a piece, raising $64m. The size and price range of the offering were increased on the eve of the IPO from 3.6 million shares at $13 to $15. Others apparently believe in Peapod’s mission, as the shares jumped as high as $18.50 on the first day of trading.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU