FOOD INDUSTRY LEADERSHIP CONFERENCE

PORTLAND, Ore. -- The introduction of broadband technology could be the catalyst that puts on-line grocery shopping, and Webvan itself, on the road to profitability, an executive with Webvan Group, Foster City, Calif., told the sixth annual Food Industry Leadership Conference here."After only 16 months of operation -- and with 525,000 customers and an average basket size of $110 -- we think we are

PORTLAND, Ore. -- The introduction of broadband technology could be the catalyst that puts on-line grocery shopping, and Webvan itself, on the road to profitability, an executive with Webvan Group, Foster City, Calif., told the sixth annual Food Industry Leadership Conference here.

"After only 16 months of operation -- and with 525,000 customers and an average basket size of $110 -- we think we are very close," Jesse Edelman, director of national accounts and strategic alliances, said

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