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Non-Tech : E*Trade (NYSE:ET)
ET 16.51-0.8%Nov 21 9:30 AM EST
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To: ecommerceman who wrote (12737)3/23/2000 8:02:00 AM
From: latestswami  Read Replies (1) of 13953
 
e'man,

I am sure you have heard the news that Bank One has decided to put wingspan.com on the block.

I feel this shows two things :

1) How well EGRP management understands Internet

2) The total lack of understanding other companies exhibit.

Let me explain :

Since time immemorial CC repeated the idea that E*Trade will become one stop shop for Financial services. This include Trading, Banking, Loans and other services.

Right now CC and the gang seem to be focused on bringing the Banking part of the business up to speed . The decision to buy ATM network is a very smart thing to do. ( Good thing about ATM machines they do not ask for pay hike).
How many times did you deal with your local bank's associate compared to transactions you made with an ATM.

Also do not underestimate sex appeal of : Trading + Banking
I am sure this will end up dramatically increasing the account growth.

It is a shame the so-called Street does not understand.

The sad aspect about lot of Old Financial companies is this:

They think they have become an internet company just by opening a web site. The failure of wingspan in my opinion is a classic example of this thinking.

Also e'man, CC will be making a big mistake if he sells EGRP.

Thanks
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