WILL PRICELINE PREVAIL?

STAMFORD, Conn. -- If Priceline.com here ultimately succeeds in its grocery initiative, it will validate its founder's core philosophy about the Internet."The power of savings is the power of the Internet, so much more than the power of convenience," insists Jay Walker, vice chairman, in an interview with SN.That credo has been guiding Priceline's leap into the grocery sector with a business model

STAMFORD, Conn. -- If Priceline.com here ultimately succeeds in its grocery initiative, it will validate its founder's core philosophy about the Internet.

"The power of savings is the power of the Internet, so much more than the power of convenience," insists Jay Walker, vice chairman, in an interview with SN.

That credo has been guiding Priceline's leap into the grocery sector with a business model that differs markedly from the pack of home delivery Internet retailers around

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