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Technology Stocks : E*TRADE IPO ALERT THREAD

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To: star56 who wrote (85)4/8/1999 10:07:00 AM
From: Larry Levine  Read Replies (2) of 15145
 
I called customer service a couple of days after missing
the Priceline IPO to complain about the fact that they
moved the notification from the 'IPO Central' page to the
"Current Offerings" page. The person responded by saying
that they put the notice wherever the IPO'ing company want
it to be. I didn't buy this answer and called back the next
day. This time I got the real answer: Apparently E*Trade
discovered that one or more people had written code to
examine the web page and notify the user when an IPO was
first mentioned, so the people running this program knew
ASAP it was available. (The code actually pages them as well
as emails them.) Anyway, E*Trade thought they'd defeat this
by moving the IPO notification to a different page, which is
why all of us who were watching the 'wrong' page are pissed off.
Of course, any of you who are programmers know that modifying
this code to chekc EVERY page is trivial, and I'm sure this has
already been done, so all they ended up doing was screwing their
honest customers out of one IPO.

Are you as pissed as me? If so, answer my survey (Post 167). I
plan on taking ths responses directly to E*Trade headquarters
(I work about 15 miles away) and giving them a piece of my ...

Larry
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