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Non-Tech : CyBerCorp.com

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To: Dave Triplett who wrote (168)	2/3/2000 7:34:00 PM
From: Gregg Sterner	Read Replies (1) of 1001

Everyone..Here is my e-mail to CyBerCorp that I sent a few minutes ago. I'll post their response when it comes in. Todd, As we discussed on the phone, I'm concerned that Schwab and CyBerCorp do not have any synergistic qualities and I'm concerned that Schwab will degrade CyBerCorp's quality. Additionally, I've compiled a list of concernes that have been expressed by traders on the CyBerCorp SI Message board. We would appriciate CyBerCorp addressing these concerns. "I have been waiting - and waiting, and waiting - for you to get your options trading in place and now have been told that all you are going to allow is "buying puts/calls." "I am also very pissed at the problem with Penson's matching of trades." If Schwab does a great deal of advertising and adds customers faster than it can handle it technologically Are Schwab's conservative margin requirements going to be imposed? Schwab is noted for haveing a very restricted short list. How will CyBerCorp's short list be affected? How do they reconcile the inherent philosophical conflict with the market maker order flow payment system and Cyber's proud "we do not pay for order flow" philosophy? As you know, Schwab's MM is Mayer & Schweitzer, MASH. Yesterday (Feb. 1) IB announced that "(MASH) has requested that Interactive Brokers discontinue routing order flow to it." Today, Schwab announced new commission reductions for its most active retail customers, cutting online equity commissions for eligible customers from $29.95 to as low as $14.95 for customers surpassing 60 qualifying trades in a quarter? What is meant by the term "eligible customers"? Regards, Gregg The Rookie DayTrader rookiedaytrader.com

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