Computer discount outlet

Norwalk, Conn.-based PC direct marketer Micro Warehouse Inc. has just launched Computersbynet.com, a new internet-only discount retailer of name brand computer products. Micro Warehouse says the operation will be combined with its existing internet auction business, Webauction.com, and will be conducted through a separate, wholly-owned subsidiary. The company says it will also continue to operate and enhance its core Warehouse.com website, which had 1998 revenues of $153 million. Peter Godfrey, chairman of Micro Warehouse, says he plans to invest $8 million over the balance of 1999 to support the growth of Computersbynet.com. Micro Warehouse Inc. is a specialty catalog and online retailer and direct marketer of brand name PCs, software, accessories, peripherals and networking products to commercial and consumer customers.