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Non-Tech : Wit Capital Group Inc - (Nasdaq - WITC) -- Ignore unavailable to you. Want to Upgrade?

To: lifeisgood who wrote (495)	7/1/1999 5:55:00 AM
From: Henry Volquardsen	Respond to of 845

LIG, Wit's trading software will get a big upgrade when they release their new software. This is the same software that will support the after hours trading. Hopefully that will improve the trading interface. Henry

To: lifeisgood who wrote (495)	7/1/1999 9:35:00 AM
From: mod	Respond to of 845

LIG, Wit's strength will be investment banking, not brokerage. That said, they have improved their trading systems recently (I have had an account for almost 2 years and use their brokerage), and I expect a major upgrade to their web site in the near future. But the WITC stock price will be driven by investment banking revenues, not brokerage revenues. And yes, Wit is a MAJOR threat to Merrill et al. Once Wit starts lead-managing deals (they were co-lead on their own IPO), they will be taking serious revenue away from the dinosaurs. mod