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 PeoplePC (PEOP)
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| Author | Topic: PeoplePC (PEOP) |
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Mayor of Investorville Administrator |
posted 04-10-2000 01:24 PM
 
PeoplePC sells three-year memberships for about $25 a month and in return, customers receive a name-brand computer (replaced every three years) with warranty, internet access, and access to its buyer's club, which offers discounts for other businesses (such as E*TRADE and BUY.COM). The company also sells memberships just to its buyer's club and has a program that sells products to businesses' employees. Wholesale distributor Ingram Micro supplies and distributes PeoplePC's computer products and processes its orders. Formed in late 1999, PeoplePC is about 43%-owned by Softbank and its affiliates. The company plans to raise $100 million but an IPO date hasn't been set yet. (source: SEC filing) |
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