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

ET 16.49

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Nov 24 3:59 PM EST

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To: Spytrdr who wrote (12655)	3/20/2000 7:39:00 AM
From: ecommerceman	Read Replies (1) of 13953

This might make for an interesting trading day on the NASDAQ... Sunday March 19, 4:21 pm Eastern Time Internet companies running out of cash - Barron's NEW YORK, March 19 (Reuters) - At least 51 Internet firms will run out of cash within the next year, according to a Pegasus Research International study commissioned by Barron's and reported in its March 20 edition. The report listed online music store CDNow Inc. (NasdaqNM:CDNW - news), network security company Secure Computing Corp. (NasdaqNM:SCUR - news), online health Web sites drkoop.com Inc. (NasdaqNM:KOOP - news) and Medscape Inc. (NasdaqNM:MSCP - news), and online grocer Peapod Inc. (NasdaqNM:PPOD - news) as among companies likely to run out of funds soon. The report said that many companies will not succeed to raise cash by issuing more stock or bonds, and may be forced to sell out to stronger rivals or go out of business altogether. Online retailer Amazon.com Inc. (NasdaqNM:AMZN - news) was another company that appeared on the list. Barron's reported that its cash will last 21 months. The report also cited Amazon and Internet venture capital firm Internet Capital Group Inc. (NasdaqNM:ICGE - news) as companies whose share prices are trading significantly off their highs, making raising new funds that much more difficult.

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