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

ET 16.71

+1.7%

Nov 28 9:30 AM EST

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To: Jerry Miller who wrote (5510)	3/15/1999 2:40:00 PM
From: ecommerceman	Read Replies (1) of 13953

From Bull Market Report: $$$$$ ETRADE STARTS $150 MILLION VENTURE CAPITAL FUND E-Trade (EGRP) said it will form a $150 million "internal" venture fund to capitalize on the explosive demand for online investing. The electronic brokerage, which allows investors to trade stocks and mutual funds and offers real-time stock quotes and market analysis, said the fund would fuel expansion into new areas and in technology. "The demand for increasingly sophisticated online financial services tools is driving the development of new means for empowering individual investors to manage their finances online," said ETrade Chief Executive Christos Cotsakos. The average trading volume online is expected to rise by at least 25 percent in the first quarter to a record 425,000 trades a day. COMMENT: There seems to be some big news from this company every week or so. This is no exception. Maybe its taking a few cues from David Wetherell of CMGI !

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