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

ET 16.83

+0.7%

3:59 PM EST

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To: Oeconomicus who wrote (2522)	3/13/1998 2:07:00 PM
From: Volsi Mimir	of 13953

ETrade Q2 Earnings Estimate Cut The Motley Fool - March 13, 1998 13:20 EGRP V%MFOOL P%TMF News from SI News Alert -------------------------------------------------------------------------------- Jump to first matched term March 13, 1998/FOOLWIRE/ -- ETrade Group (Nasdaq: EGRP) fell $1 11/16 to $22 7/8 after Deutsche Morgan Grenfell cut its second quarter earnings estimate for the Internet broker by $0.01 to $0.16 per share. Significant spending by competitors who are developing brand names is hurting the company, one of the first Internet brokers to realize the potential of heavy brand-development ad spending.

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