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

ET 17.99

-0.7%

Jan 23 9:30 AM EST

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To: Spytrdr who wrote (9073)	10/28/1999 1:17:00 AM
From: Spytrdr	Read Replies (1) of 13953

ETrade founder gives record $25 million to MIT Thursday October 28, 12:00 am Eastern Time biz.yahoo.com BOSTON, Oct 28 (Reuters) - William Porter, founder and chairman emeritus of online trading powerhouse ETrade (NasdaqNM:EGRP - news), has donated $25 million to the Massachusetts Institute of Technology Sloan School of Management to build a new management center, MIT said on Thursday. The gift is the largest the Sloan school has ever received and will make up nearly half of the $55 million Sloan expects to raise for the new William A. Porter Management Center. ``We decided to give one major gift that would have significant meaning for humankind,' Porter said in a statement issued by MIT. Porter earned a Master's degree from Sloan in 1967. Porter's latest project is the creation of an electronic options exchange called International Securities Exchange, a $90 million start-up that will begin operations in March 2000.

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