KAISER BUYS WEBVAN ASSETS

A fascinating look at technology recycling – and a sobering example of how little the assets of failed dot-coms are worth. Kaiser Foundation Hospitals is taking over Webvan’s lease on its giant Oakland warehouse and buying the software and machinery to run Webvan’s highly automated equipment.

Webvan spent twenty million dollars on equipment for high speed distribution, and one hundred million dollars developing the software to run the warehouse. Kaiser is buying the software and machinery for about four million dollars.

Kaiser intends to modify the software and equipment and use it to send hospital supplies to its 27 hospitals in California.