E*TRADE IPO ALERT THREAD Message Board

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Technology Stocks : E*TRADE IPO ALERT THREAD

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To: Keith J who wrote (15077)	12/28/1999 11:03:00 PM
From: Mike E.	Read Replies (1) of 15145

Ben Holmes on the future of web brokers getting IPOs: ... What do you suppose happens when the bricks-and-mortar firms finally decide to move onto the Web themselves? What's the first thing they'll do to win back those customers? My guess is that ETrade and Wit will see fewer shares in the deals and that the big firms -- which, by the way, essentially control the production of new-issue equities -- will slowly shut them out. I see IPO shares being used as a sort of currency to buy back business that has been lost to the online brokerages. While this may be true, I believe EOffering is working to become a sizable foe, and is into more than just shifting shares to E*Trade. The longer the "bricks-and-mortar firms" wait to make the move, the harder it will be to take back the business. IMHO, mike

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