E*Trade (NYSE:ET) Message Board

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

ET 16.83

+0.7%

3:59 PM EST

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To: Iceberg who wrote (5142)	2/13/1999 11:50:00 AM
From: JScurci	Read Replies (2) of 13953

Speaking of questions to ask... In addition to asking why all of you unhappy customers continue to trade with Etrade.. Why would you continue to own this stock? Has anyone bothered to ask themselves what they are paying for this alleged business? If you can call a bunch of servers masquerading as a brokerage firm a business is it a good investment? Consider the obvious metrics : is it worth as much or more than established brokers like Bear Stearns or Paine Webber? WHAT ARE THE BARRIERS TO ENTRY TO THIS BUSINESS? How can you continue to spend this heavily on marketing without commensurate spending on whoefully inadequate infrastructure to support existing and future customers? Did you know that the competition - Schwab- spent over ONE BILLION DOLLARS on its technology infrastructure last year? That's more than FOUR TIMES ETRADES's REVENUES this year! Is it any wonder that insiders are dumping their stock as fast as they can sell them to you? Wake up folks - THIS IS A SHORT OF SHORTS!!! regards, John

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