Hmmm...must be your own personal opinion. Read on:
Information from PRNewswire/ -- AmeriTrade Holding Corporation (Nasdaq: AMTD), today announced record earnings of $4.6 million, or 32 cents per share for the third quarter of fiscal 1997. Other records for the quarter included net revenues of $19.9 million, while assets under management reached a new high of $6.3 billion. Management attributed the strong performance to: customer brand preference for AmeriTrade's combination of service, technology and pricing; new account growth from both the first-half's advertising campaign and the second quarter's alliance with America OnLine; and significant increases in on-line trading and customer assets....
In addition, the agreement with AOL is living up to our
expectations for bringing in new accounts.
Customers continue to increase their use of online systems for trading. "As the first broker to offer trading on the Internet, our experience is paying off nicely," Ricketts commented. "On any given day, approximately 45 percent of all our trades are executed on line now, and we are perfectly positioned to capitalize on the growing numbers of independent, technologically proficient investors."
"Ceres(TM) marketing strategy with its $8 trades for the
first six months for new accounts coming through AOL, is paying off nicely,"Konen said.
Another one from PRNewswire/ -- Infonautics, Inc. (Nasdaq: INFO), a
provider of premium online content and custom online archive services, today reported revenues of $1.9 million in the second quarter of 1997, compared with $807,000 in this year's first quarter.
"We are seeing real gains in the productivity of our institutional sales force," said Van Morris, president and chief operating officer.
"Additionally, we are benefiting from promotion of consumer annual
subscriptions and access to Electric Library through America Online.
More to come....
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