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Non-Tech : E*Trade (NYSE:ET)
ET 16.74-0.4%2:46 PM EST
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To: Curly Q who wrote (6887)6/5/1999 10:57:00 PM
From: ecommerceman  Read Replies (1) of 13953
 
Thomas Rasch--I don't think that there's much comparison between Microsoft and Merrill, do you? And there is even less between Netscape and E*Trade, wouldn't you agree? Microsoft is a well-managed company that is a cash machine. Merrill's executives have made fools of themselves deriding internet trading and then 12 months later being forced by events to do the same exact thing that they denigrated (their completely lame explanations that what they meant REALLY was daytrading is obviously false, and reminds me of Marketbrief's new assertion that all he REALLY wanted to do was find out what recent buyers of E*Trade were thinking. Right...).

I made the point in my previous post (to which you amazingly didn't respond) that Schwab had left Merrill in the dust--their market cap is now around 41 billion to Merrill's 26 billion, and E*Trade, a company that no one had even heard of a few years ago, is now 1/3 that of Merrill, which has been around for many decades. Is there some piece of evidence of great--or even competent--management on the part of Merrill that you'd like to share with us?

As for Netscape and E*Trade, your comparison is completely without merit. Netscape management made plenty of mistakes which ultimately led to its being bought out by AOL. E*Trade's management, on the other hand, has been absolutely brilliant--hence the unbelievable appreciation of their stock the last six or seven months.
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