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Non-Tech : Charles Schwab (SCH) -- A tech-stock profile?
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To: Tom_ who wrote (964)10/15/1999 8:15:00 AM
From: Tom_   of 1390
 
Re Schwab's quarterly metrics.

One of the metrics in my original post was incorrect. I misread the Schwab blurb. They did not have 282,000 net new accounts, but that number of newly opened accounts. Schwab reported 6.2MM active accounts at the end of last quarter and 6.3MM this quarter, so the correct net appears to be appx 100,000.

None of the other metrics are affected by the error.

Best wishes,
Tom
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