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Louis Borders

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BUSINESS
July 11, 2001 | From Bloomberg News
Louis Borders, founder of Webvan Group Inc., salvaged $2.7 million by selling most of his company stake less than three weeks before the online grocer shut down. Borders, who also started the bookstore chain that bears his name, sold 45 million Webvan shares for 6 cents each on June 22, according to a filing with the Securities and Exchange Commission. The buyer of the 45 million shares wasn't identified in the filing. Borders, formerly Webvan's chairman, couldn't be located for comment.
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BUSINESS
September 22, 2003 | Michael Hiltzik
The walls at the Silicon Valley headquarters of KeepMedia.com are almost completely unadorned, the carpeting threadbare, the cubicles in large part vacant. It's the stage of office decor at which one can't be sure whether the tenant company is just coming into existence or on the road to extinction. In this case, it's the former. Yet KeepMedia, an online archive of articles from popular magazines, is a Redwood Shores, Calif.
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BOOKS
May 28, 1995 | CHRIS GOODRICH
In 1992, when the Borders bookstore chain operated just 19 "superstores," it planned to take the business public. The offering was much anticipated in the publishing world--Borders CEO Robert DiRomualdo had already been called a bookselling "visionary"--but the stock sale never came to pass. The Kmart Corp., owner of Waldenbooks, swept in with an offer of its own, and the Ann Arbor-based Borders, to the dismay of many would-be investors, soon became a jewel in the Kmart crown.
BUSINESS
July 11, 2001 | From Bloomberg News
Louis Borders, founder of Webvan Group Inc., salvaged $2.7 million by selling most of his company stake less than three weeks before the online grocer shut down. Borders, who also started the bookstore chain that bears his name, sold 45 million Webvan shares for 6 cents each on June 22, according to a filing with the Securities and Exchange Commission. The buyer of the 45 million shares wasn't identified in the filing. Borders, formerly Webvan's chairman, couldn't be located for comment.
BUSINESS
September 22, 2003 | Michael Hiltzik
The walls at the Silicon Valley headquarters of KeepMedia.com are almost completely unadorned, the carpeting threadbare, the cubicles in large part vacant. It's the stage of office decor at which one can't be sure whether the tenant company is just coming into existence or on the road to extinction. In this case, it's the former. Yet KeepMedia, an online archive of articles from popular magazines, is a Redwood Shores, Calif.
BUSINESS
September 22, 1999 | Reuters
Online grocery and drugstore company WebVan Group Inc. has tapped Andersen Consulting's managing partner and chief executive, George Shaheen, as its chief executive, effective immediately. Shaheen, 54, is a 30-year veteran of Andersen. The global management and technology consulting firm promoted John Kelly as interim managing partner and chief executive. Louis Borders, founder and current CEO of Foster City, Calif.-based WebVan, will continue as chairman.
BUSINESS
September 9, 1999 | Bloomberg News
Webvan Group Inc., an online grocer, disclosed terms for its initial public offering that would place the company's market value at about $3.8 billion. The Foster City, Calif.-based company will sell 25 million common shares at $11 to $13 each, according to an amended registration statement filed with the Securities and Exchange Commission. The company will have almost 317.5 million shares outstanding after the IPO, according to the filing, so the public will hold a 7.
BUSINESS
October 4, 2001 | Bloomberg News
Webvan Group Inc., a defunct online grocer that sought bankruptcy protection in July, won a judge's approval to sell its software, technology and related assets to a unit of Kaiser Permanente for $2.65 million. Kaiser Foundation Health Plan Inc., Kaiser's health maintenance organization unit, bid on the software and other intellectual property in an auction Monday, and U.S. District Judge Joseph Farnan Jr. approved the sale Wednesday. Webvan founder Louis Borders withdrew an earlier $2.
BUSINESS
November 3, 1999 | (Reuters, Bloomberg News)
The revamped initial public offering of online grocer WebVan Group Inc. (ticker symbol: WBVN), which was delayed in early October, is expected to be priced today amid fanfare as investors are drawn to its list of heavyweight backers. Underwriter Goldman Sachs confirmed the target pricing range of $11 to $13 a share for the IPO, which was put off after the Securities and Exchange Commission expressed concern about publicity surrounding the deal.
BUSINESS
October 13, 1999 | Bloomberg News, Times Staff
About those comments from the chief executive--never mind. That's what Webvan Group Inc.--seeking to repair fallout from publicity on its pending stock sale--said Tuesday, advising potential investors to disregard recently published comments by new CEO George Shaheen. The comments appeared this month in a Forbes magazine article about Webvan's widely anticipated initial public offering.
BOOKS
May 28, 1995 | CHRIS GOODRICH
In 1992, when the Borders bookstore chain operated just 19 "superstores," it planned to take the business public. The offering was much anticipated in the publishing world--Borders CEO Robert DiRomualdo had already been called a bookselling "visionary"--but the stock sale never came to pass. The Kmart Corp., owner of Waldenbooks, swept in with an offer of its own, and the Ann Arbor-based Borders, to the dismay of many would-be investors, soon became a jewel in the Kmart crown.
BUSINESS
September 30, 1999 | MELINDA FULMER
After a long day at work, the prospect of pushing a cart down crowded supermarket aisles can seem overwhelming, especially if there's a young child in tow. Well, it's possible to restock your cupboards from the comfort of home--if you don't mind paying a little more and are willing to settle for fewer choices. A number of Web sites allow you to order groceries and other household items online.
BUSINESS
September 26, 2000 | MELINDA FULMER, TIMES STAFF WRITER
Just weeks after its acquisition of rival HomeGrocer.com, struggling Webvan Group said it will delay expansion in three major Northeast areas, a telling sign, analysts say, that the company hasn't yet found a way to make its food delivery operations profitable. Webvan also said Monday that founder Louis Borders, who also started the Borders Books chain, has been replaced as chairman by Chief Executive George Shaheen. Borders will continue to function as a director of the company.
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