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Technology Stocks : Internet Guru Discussion

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To: LABMAN who wrote (307)2/20/1999 3:15:00 PM
From: B. A. Marlow  Read Replies (2) of 4337
 
Merrill Lynch could buy EGRP and be done with it, LABMAN. BUT:

ML apparently has a culture problem with online trading in general and EGRP in particular, based on a fleet of full-service brokers and the "not invented here" syndrome. While many other banks, brokers, funds and insurers would die for EGRP, it's getting expensive.

EGRP's market cap (say, $4.5B) is challenging PWJ's ($5.0B).

EGRP has little incentive to sell out unless a spectacular bid comes along. Cotsakos very, very smart. And EGRP's part of the Softbank global "kiretsu." Could now even make the case for EGRP's merger with a media company or portal/hub. After all, isn't it all about "entertainment?!"

BAM
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