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Non-Tech : Wit Capital - The way of the future? -- Ignore unavailable to you. Want to Upgrade?

To: bh who wrote (4874)	6/14/1999 7:31:00 PM
From: Elroy	Read Replies (2) \| Respond to of 16809

TD Waterhouse - I requested IPO shares via my Waterhouse account, and just received a copy of the preliminary prospectus today. After the offering, TD Waterhouse will have 365 million shares outstanding, so do the math on market cap. Company, % online market in Q1 (today's WSJ), market capitalization Schwab, 27.9%, $34 billion Etrade, 13.3%, $7.4 billion Waterhouse, 11.7%, $7.3-$8.8 billion Ameritrade, 8.3%, $3.8 billion DLJ Direct (tracking stock), 2.8%, 2.5 billion Schwab and Waterhouse have the advantage (or disadvantage) of branch offices all over the place. Despite the poor performances of online brokerage stocks in the past week, I think TD Waterhouse is a winner. Elroy