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

To: ecommerceman who wrote (7705)	7/20/1999 9:39:00 AM
From: Diamond Jim	Respond to of 13953

Click on Trading at Etrade and it gives me this. Our system has indicated that you may be temporarily having difficulty accessing this particular function of our site. Often this type of issue is resolved within a few minutes, so please try again or feel free to call one of our brokers at 1-800-STOCKS-5 (1-800-786-2575) 8 a.m. to 9 p.m. ET, Monday through Friday.

To: ecommerceman who wrote (7705)	7/20/1999 10:35:00 AM
From: WhySoSoon	Read Replies (2) \| Respond to of 13953

As expected, reiterated buys are issued. ETrade Group Reiterated 'Strong Buy' at U.S. Bancorp Piper quote.bloomberg.com ETrade Group Reiterated 'Strong Buy' at Pacific Crest quote.bloomberg.com

To: ecommerceman who wrote (7705)	7/20/1999 3:56:00 PM
From: WhySoSoon	Read Replies (1) \| Respond to of 13953

Eman: I wish the takeover of TBFC happens faster. This is a very key acquisition. If you look at the business model carefully, deposits from TBFC will channel to EOffering to strengthen its position as an underwriter. Anybody in the investment banking knows that underwriting is big business and extremely lucrative. What happens is EOffering needs the broad customer base for it to distribute the shares. Traditional investment bankers have wealthy clients and institutions so they don't need a big client base to work with. Since ETrade's clients are generally less affluent, in order to be successful in the IPO business, it needs a much bigger base to distribute. I think the critical mass is about 2 million client accounts. With the current account growth, it should reach that number sometime at the end of this year or early next year. Then the real fun will begin, EOffering will go after the IPO market big time as lead manager because the seed money will be available from TBFC and the client base to support IPO or secondary offering at ETrade should be ready at that time.