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

ET 16.20

-1.2%

3:59 PM EST

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To: Srinivasan Balasubramanian who wrote (7580)	7/14/1999 4:58:00 PM
From: WhySoSoon	Read Replies (1) of 13953

If you analyze the TBFC deal, it makes sense in many ways: 1. Gain time to market with existing expertise 2. Don't have to wait for regulatory approval to start up a bank 3. Fill the gap in online banking in the overall integrated e-financial model 4. Pick up $400 million (TBFC has $400 million cash on hand) so the deal is actually killing two birds with one stone: an outright purchase and a virtual stock offering (pick up the cash). Yes, you are right. It does takes time because of this aggressive and unorthodox approach may not appeal to some investors.

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