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

ET 16.53

-0.4%

1:42 PM EST

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To: ecommerceman who wrote (13213)	4/18/2000 2:51:00 PM
From: BWAC	of 13953

Again there is somebody convienently qouting the 25% of revenue margin number. I would like to see somebody quoted as defending that the 25% can still be maintained, because on average the EGRP customer only had 7% of their account value on margin. If anybody cares to check, it can be computed by taking the margin revenues/.02 quarterly interest rate/total customer assets.

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