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Non-Tech : E*Trade (NYSE:ET) -- Ignore unavailable to you. Want to Upgrade?


To: IFLY_Trader who wrote (7078)6/11/1999 9:03:00 PM
From: Spytrdr  Respond to of 13953
 
"E*OFFERING is a net-centric, next generation investment banking firm that is committed to leveraging the Internet to improve the process of raising capital. Our initial goal is to help dynamic companies:

Access the equity underwriting market more easily
Lessen underwriting costs
Reduce time to market
Broaden distribution
Enhance shareholder communication
Create a stronger after-market support system
Through our website and relationship with E*TRADE, the E*OFFERING process provides individual and institutional investors greater insight and improved access to public offering products.
ECNs (electronic commerce networks) and new online technologies have dramatically changed the way people view and trade stocks. However, little has been done to enhance the capital raising process. The Internet has created huge opportunities to implement change and level the playing field. E*OFFERING is totally dedicated to improving the process for issuers and investors alike — and to shaping the equity underwriting market in the next millennium."



To: IFLY_Trader who wrote (7078)6/11/1999 9:04:00 PM
From: Spytrdr  Respond to of 13953
 
"A Better Way to Raise Capital

Your company's ability to raise capital quickly and efficiently is a crucial part of succeeding in the new digital economy. At E*OFFERING, we are working to harness the Internet to dramatically improve access to the capital markets for high growth companies.

Taking advantage of the latest Internet-based technologies, you will be able to utilize E*OFFERING to prepare filings, communicate more effectively with a broader investment base, and complete your offering as fast as possible with a lower cost of capital and less risk.

If you are a high growth company looking for a better way to raise capital and communicate your story to investors, contact us to receive more information about a partnership with E*OFFERING."



To: IFLY_Trader who wrote (7078)6/11/1999 9:06:00 PM
From: Spytrdr  Read Replies (1) | Respond to of 13953
 
"Our services:

Individual Investors

We distribute up to 50 percent of every IPO or secondary offering we manage to E*TRADE customers. As a result, you need an E*TRADE account to participate in any of our public offerings.

E*TRADE is the #1 place to invest online.* They give you more value for your money:

Invest in stocks, options, bonds, and mutual funds.
Commissions from $14.95 and low margin rates.
Free real-time quotes, stock alerts, breaking news, charts
No-fee IRAs to help you plan for retirement.
Free checking and daily interest between investments
It's easy to get started. The minimum initial deposit is only $1,000 for cash accounts and $2,000 for margin accounts.

New Account Bonus!
Open an E*TRADE account today and get 25,000 United Mileage Plus miles-enough for a FREE round-trip coach ticket anywhere in the continental U.S. Apply now »

* E*TRADE rated #1 online broker by Gomez Advisors in its Summer '99 report on Internet brokers (6/3/99), and #1 online investing site in the world by Lafferty Group in its Web-based Financial Services Report (5/26/99)."



To: IFLY_Trader who wrote (7078)6/11/1999 9:07:00 PM
From: Spytrdr  Respond to of 13953
 
"Our services:

Institutional Investors

In addition to the website, E*OFFERING is establishing a cutting edge, net-centric Institutional Sales and Trading team to serve the institutional client base. Our team of sales people and traders can help you make better sense of the new digital economy. E*OFFERING is using the Internet to redefine the full-service brokerage firm and to provide a better class of service to the global investment community.

Most likely an institutional salesperson has already been assigned to your account. If you have not heard from your E*OFFERING sales person, please notify institutions@eoffering.com."



To: IFLY_Trader who wrote (7078)6/11/1999 9:08:00 PM
From: Spytrdr  Respond to of 13953
 
"Our services:

Corporate Finance

Your company's ability to raise capital quickly and efficiently is a crucial part of succeeding in the new digital economy. At E*OFFERING, we are working to harness the Internet to dramatically improve access to the capital markets for high growth companies.

Using the latest Internet-based technologies, you will be able to utilize E*OFFERING to prepare filings, communicate more effectively with a broader investment base, and complete your offering as fast as possible with a lower cost of capital and less risk.

For more information, please contact our Corporate Finance Group at (415) 835-1560 or send an email to cf@eoffering.com."



To: IFLY_Trader who wrote (7078)6/11/1999 9:10:00 PM
From: Spytrdr  Respond to of 13953
 
"E*Offering team:

Board of Directors

Walter W. Cruttenden III
Walter W. Cruttenden III is founder and CEO of E*OFFERING. He also founded Cruttenden Roth, and served as CEO through its rapid growth phase as the firm became the national leader in financing micro-cap companies (under $100 million market cap). He sold a major interest in 1998. Walter has been involved in over 100 public offerings and over 100 private placement and merger-acquisition transactions. He is an active investor in private companies favoring the Internet, general technology, and healthcare sectors.

Christos M. Cotsakos
Christos M. Cotsakos is Chairman and CEO of E*TRADE. His leadership, vision, and passion for empowering the consumer have helped catapult E*TRADE to the forefront of the online investing revolution. Prior to taking the reins at E*TRADE, Christos enjoyed being a senior executive at Federal Express and AC Nielsen Inc. He also serves on the boards of several leading edge technology companies. He received a BA from William Paterson College, an MBA from Pepperdine University, and is currently pursuing a PhD in economics at the University of London.

Kathy Levinson
Kathy Levinson is the President and COO of E*TRADE and keeps it running like a race-tuned Ferrari. She came to E*TRADE from Charles Schwab and Company, where she served in a number of senior executive positions. Ms. Levinson received a BA in economics from Stanford University.

Frank Cutler
Frank W. Cutler is co-founder and a strategist for E*OFFERING. He has been involved in the venture capital arena as an angel investor, with The Cutler Group, and a more traditional VC general partner with Storie-Cutler LP, for the last eight years. In 1993 Frank teamed up with Walter Cruttenden to actively fund start-ups. Frank sits on a number of boards, has co-founded two public companies SRS Labs, Inc. (SRSL), Waste Connections, Inc.(WCNX), and was the initial investor in ground breaking companies like Serius (acquired by Novell), USWeb (USWB), HyCurve, The Intend Change Group and Digital Logistics. Frank received his BA magna cum laude from the University of California, Santa Barbara and Berkeley."



To: IFLY_Trader who wrote (7078)6/11/1999 9:13:00 PM
From: Spytrdr  Respond to of 13953
 
"COMMSCAN CITES PLAYERS IN ONLINE INVESTMENT BANKING ARENA

NEWS ROUNDUP INVESTMENT BANKS MOVING ONLINE

By Gary James & Tom Zita CommScan Analytics

The role of the e-underwriter has evolved quickly, and is becoming a prominent position for several investment banks. To date, 87 deals have priced utilizing the services of an e-underwriter, a syndicate member that issues shares in its public offering strictly via the Internet. Thus far, seven banks have filled the role, Wit Capital, Charles Schwab, DLJdirect, E*TRADE, E*OFFERING, W.R. Hambrecht, and Discover Brokerage Direct. W.R. Hambrecht's deal, Ravenswood Winery (RVWD), was actually one that it lead managed using its Open IPO format which allows investors to bid for shares online. The deal was priced at $10.50, the low-end of its range, and has traded relatively flat since. W.R. Hambrecht currently has another deal in backlog that will be priced using the same format, Salon.com (SALN), which is expected for the week of July 21st.

The 87 deals that used an e-underwriter have returned an average of 32%. However, the 63 that were IPOs have returned an average of 48%. Also, 54 of the deals that utilized an e-underwriter were Internet-related, 40 of which were IPOs.

Credit Suisse First Boston has played the role of bookrunner on the most deals that utilized an e-underwriter. With 26 deals of this nature, CSFB has nearly doubled second place Donaldson Lufkin & Jenrette's total of 13. Notably, the e-underwriter for every one of CSFB's deals was Charles Schwab, while the e-underwriter for 11 of DLJ's 13 deals was DLJdirect, with Wit Capital on two deals and E*TRADE and E*OFFERING on one deal apiece.

Typically, share participation among e-underwriters is equivalent to that of the underwriting syndicate, and more specifically, that of the major bracket. Of the 87 deals with e-underwriters, 18 were not syndicated. Within the remaining 69 that were syndicated, 13 e-underwriters received less than the major underwriting bracket, 10 received more shares, and 46 received the same number.

Wit Capital's participation on its own IPO, which priced on June 3rd, was 1.82 MM shares. Aside from this deal, the largest participation an e-underwriter received on any deal was the 940,000 shares that Wit received on Barnesandnoble.com's (BNBN) IPO. The deal priced on May 25th and raised $450 MM via the sale of 25 MM shares. Goldman Sachs (sole-bookrunner) and Morgan Stanley led the deal for the online retailer of books and information products.

Additional information is available upon request.

E*TRADE holds a minority equity interest in E*OFFERING and the two companies have entered into a contractual relationship. In all other respects the two companies are independent enterprises and the actions, commitments or responsibilities of one shall not be attributed to the other.

While the information contained in this Article and the opinions contained herein are based on sources believed to be reliable, E*OFFERING Corp. has not independently verified the facts, assumptions, and estimates contained in this Article. Accordingly, no representation or warranty, expressed or implied, is made as to, and no reliance should be placed on the fairness, accuracy, completeness, or correctness of the information and opinions contained in this report."



To: IFLY_Trader who wrote (7078)6/11/1999 9:16:00 PM
From: Spytrdr  Respond to of 13953
 
"E*TRADE is a unique digital-age company and one of the most powerful brands in the interactive service economy. The company has a very clear and compelling vision of what's ahead: a radical transformation of how personal financial services will be individually designed, delivered, purchased, and managed, and the creation of a highly informed, sophisticated, and discriminating consumer. As a featured partner, E*TRADE has invested in E*OFFERING and is dedicated to meeting the needs of E*OFFERING's individual investors.
We share with E*TRADE the commitment to provide greater access and insight into the public offerings marketplace for individual investors. Through our partnership with E*TRADE, we'll be distributing an unprecedented portion (up to 50%) of our public offerings to individual online investors."