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Non-Tech : E*Trade (NYSE:ET)
ET 16.800.0%Dec 5 9:30 AM EST

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To: Spytrdr who wrote (11896)2/21/2000 11:54:00 PM
From: ecommerceman   of 13953
 
From the Bull Market Report...

E*TRADE'S INVESTMENTS PAY OFF

E*Trade Group's (EGRP, $21) unrealized gains on its stakes in Internet
companies more than doubled to $610 million in the Dec. 31 quarter.

COMMENT: This will become a source of financing for E*Trade's further
expansion. It means that they will not have to borrow as much and will
not have to issue more stock at the current depressed value. While some

of the gains might disappear if the stock market sells off, they still
should have substantial equity to call upon for expansion. EOM

. E*TRADE'S INVESTMENTS PAY OFF

E*Trade Group's (EGRP, $21) unrealized gains on its stakes in Internet
companies more than doubled to $610 million in the Dec. 31 quarter.

COMMENT: This will become a source of financing for E*Trade's further
expansion. It means that they will not have to borrow as much and will
not have to issue more stock at the current depressed value. While some

of the gains might disappear if the stock market sells off, they still
should have substantial equity to call upon for expansion. EOM
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