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

ET 16.44

+1.0%

Nov 26 3:59 PM EST

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To: Spytrdr who wrote (12549)	3/13/2000 2:03:00 PM
From: Diamond Jim	Read Replies (2) of 13953

I like this part best, one thing for sure, CC is no dummy. Analysts and industry observers agree that E-Trade isn't desperate to sell, and some say it may wait out the year until the right partner comes along. E-Trade CEO Christos Cotsakos also may be asking a lot for his company, in both valuation and in the amount of control he would retain, sources say. A clause added to Cotsakos' contract last summer indicates the brokerage's top executive might be getting more serious about listening to offers from outsiders. According to the contract, E-Trade's compensation committee "authorized a special enterprise value enhancement bonus for Mr. Cotsakos that will be payable upon a change in control of the company." But the changes sweeping the online brokerage industry are dramatic, and E-Trade could get left behind if it stalls too long. "They've done an incredible job building a platform and market share," says another investment banker. "But its ability to thrive and succeed in a highly competitive, highly dynamic industry is open to question."

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