WEBVAN MISSES GOAL, STOCK FALLS TO NEW LOW

FOSTER CITY, Calif. -- Webvan Group here saw its stock plunge to new lows late last week following the company's announcement that quarterly losses had accelerated and that it had missed long-promised goals of profitability at its Oakland warehouse.Webvan's stock was down 22% to $1.22 per share Thursday afternoon.Webvan said it lost $120.2 million, or 26 cents per share, on sales of $87.4 million

FOSTER CITY, Calif. -- Webvan Group here saw its stock plunge to new lows late last week following the company's announcement that quarterly losses had accelerated and that it had missed long-promised goals of profitability at its Oakland warehouse.

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