Based in Palo Alto, California, Walmart.com (www.Walmart.com) is an independent company with a separate board of directors and management team. Walmart Stores, Inc. (WMT) maintains a majority interest in Walmart.com and majority representation on the board. Walmart.com was established earlier this year by Walmart Stores, Inc. and Accel Partners, a leading venture capital firm in California's Silicon Valley, to accelerate the development of Walmart's Internet and E-Commerce programs.