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

ET 17.35

-0.6%

Jan 16 9:30 AM EST

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To: Cosmo Daisey who wrote (6611)	5/27/1999 1:00:00 AM
From: Tae Spam Kim	Read Replies (1) of 13953

Remember how Amazon.com recently said it intends to float $2 billion of securities to raise cash and take advantage of the capital markets. ETrade wants to raise serious money too by doubling their authorization of shares to 600 million. Who cares about ETrade shareholder value? Sad to see. E*Trade Group (EGRP 45 1/16 -4 15/16) "Online broker asking shareholders to approve the doubling of authorized shares from 300 million to 600 million, according to SEC filing. Company believes increase necessary to provide flexibility to act in the future with respect to financing programs, acquisitions and other corporate purposes. - Briefing.com

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