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Non-Tech : ET and the Rest

ETFC 49.26

0.0%

Oct 2 5:00 PM EST

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To: Rob S. who wrote (2506)	12/4/2000 9:45:58 PM
From: BWAC	Read Replies (1) of 5459

Offhand Watley looks to do about 6,000 trades a day on average of last year? So maybe a little more now per day. On 8,000 customers? I would think they would do more trades per day with that customer base. I guess it is not out of line to expect EGRP to buy them out oneday. But not while EGRP stock is depressed. The failure of EGRP to maintain their "currency" will let many opportunities like this go by. I doubt Watley can achieve enough mass by just licensing the product out. So they should be open to buyout talk. I found one interesting thing reading about Watley that I have to admit I had not factored in on EGRP. Actually just forgot about it, or forgot the magnitude. Watley press releases were talking about the cost savings the company would receive from the Nasdaq Level 2 fees being reduced from $50 to $10 a month. I don't know exactly how many EGRP active traders are signed up for the free Level 2. But $40 saved per month per customer for EGRP could be a lot of money. For example: 10% of customers 300,000 x $40 = $12 Million savings. $36 Million per quarter. I'd guess 300k customers is a high percentage though?

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