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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: steve goldman who wrote (6798)3/23/1999 12:15:00 AM
From: Gary Korn  Read Replies (1) of 12617
 
1. total capital expenditures by financial firms for technology

You might search Edgar for 10Q or 10K filings on this issue by a few of the big online companies. For example, here is a paragraph from the E-Trade (EGRP) 10Q that was filed on February 16, 1999:

"Technology development expenses increased to $14.3 million for the first
quarter of fiscal 1999, up 127% from $6.3 million for the comparable period in
fiscal 1998. As a percentage of net revenue, technology development increased
to 16% for the first quarter of fiscal 1999, from 12% for the first quarter of
fiscal 1998. The increased level of expenses was incurred to enhance the
Company's existing product offerings, including maintenance of the Company's
Web site and development efforts related to Destination E*TRADE and
proprietary Stateless Architecture, and reflects the Company's continuing
commitment to invest in new products and technologies to support potential
future growth."
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