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Non-Tech : E*Trade (NYSE:ET)
ET 16.80+0.5%Dec 4 3:59 PM EST
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To: Stanley L Brown who wrote (2827)4/20/1998 5:12:00 PM
From: Tom Smith  Read Replies (1) of 13953
 
Going back to my notes from the January conference call, E*Trade said they had converted 65K OptionsLink accounts in Q1 and that there were a total of 93K OptionsLink accounts. That would leave 28K accounts left to be converted in Q2. So, I think we can reasonably assume:

80K total new accounts in Q2
minus 28K OptionsLink accounts
gives 52K new accounts via traditional channels.

This comes to about 850 new accounts per day and would actually be a big increase from the 35K new accounts from traditional channels in Q1.

Tom
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