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

ET 16.56

+0.9%

3:59 PM EST

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To: WhySoSoon who wrote (7700)	7/20/1999 7:46:00 AM
From: ecommerceman	Read Replies (3) of 13953

Bull Market's brief comment on yesterday's news: $$$$$ E+Trade Posts Loss But Accounts, Trading Jump NEW YORK (Reuters) - E+Trade Group Inc. Monday posted a smaller-than-expected quarterly loss as the No. 2 Internet brokerage increased its account base by more than a third and processed a record number of stock trades. The brokerage, which is based in Menlo Park, Calif., lost $24.2 million, or 10 cents per share, in its fiscal third quarter ended June 30, primarily because of a six-fold increase in advertising spending. This compared with a profit of $5.1 million, or 3 cents per share, in the year-ago quarter. Commentary: Nothing but good news here. Still glad we hung onto these guys!

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