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Non-Tech : E*Trade (NYSE:ET)

ET 16.44

+1.0%

Nov 26 3:59 PM EST

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To: Spytrdr who wrote (7290)	6/22/1999 9:08:00 AM
From: Bill J. Duke	Read Replies (1) of 13953

Analysis on CNBC early this A.M. stated that, in general, the brokerage firms are undervalued and expected they have "potential" for share value growth. Interestingly, the analyst mentioned Merrill Lynch and others but didn't comment relative to On-Line Brokerages. He did respond to the question as to whether he felt interest rate increases would be negative for the brokerages and he feels that this time they will not and anticipates big earnings reports out for brokerages. We all knew this but it is even more true for OLB's.

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