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To: Connor26 who wrote (53090)	7/27/1999 2:19:00 PM
From: BarbaraT	Read Replies (1) \| Respond to of 120523

RFMD ... anyone in this besides me?

To: Connor26 who wrote (53090)	7/27/1999 3:37:00 PM
From: eyg	Read Replies (1) \| Respond to of 120523

connor26 - here's the story behind the TWE news post (COMTEX) B: TD WATERHOUSE TOPS 2 MILLION ACTIVE ACCOUNTS B: TD WATERHOUSE TOPS 2 MILLION ACTIVE ACCOUNTS NEW YORK, Jul 27, 1999 /PRNewswire via COMTEX/ -- TD Waterhouse Group, Inc. (NYSE: TWE), the world's second largest discount broker, today announced that it surpassed the two million active customer accounts mark. This represents a 63% increase in active customer accounts in the last 12 months. "Our customers have come to us two million strong to receive the best combination of price, products, and service. We're extremely proud of this milestone," said Stephen D. McDonald, Chief Executive Officer of TD Waterhouse. "We believe this illustrates the power of the value proposition that we offer investors." TD Waterhouse also announced that its customer assets under administration reached $113 billion, an increase of 85% in the last 12 months. Additionally, this firm's total number of customer accounts reached 2.8 million. In the United States, TD Waterhouse operates the country's third-largest discount brokerage firm. Abroad, TD Waterhouse operates discount brokerage units in Canada, Australia, Hong Kong, and the United Kingdom. The firm also has plans to expand into Japan. In June 1999, TD Waterhouse completed an initial public offering. The offering was for approximately $1 billion. It was the largest IPO of an Internet-related company and the 14th largest IPO in New York Stock Exchange history. The company trades on the New York and Toronto Stock Exchanges under the symbol "TWE." Proceeds of the IPO will be used to pursue key elements of TD Waterhouse's business strategy including: leveraging our technological expertise to enhance our customers' experience; enhancing our financial performance by building key businesses; continuing our international expansion; building brandawareness on a global basis; expanding products and services; building customer assets by focusing on high-growth, profitable market segments; and repaying intercompany debt. TD Waterhouse provides investors with a broad range of brokerage, mutual fund, banking and other consumer financial products on an integrated basis. In the United States, TD Waterhouse can be found on the Internet at waterhouse.com. SOURCE TD Waterhouse Group, Inc. (C) 1999 PR Newswire. All rights reserved. prnewswire.com -0- CONTACT: Melissa Gitter, Public Relations Manager of TD Waterhouse Group, Inc., 212-806-3522, melissagitter@waterhouse.com WEB PAGE: waterhouse.com GEOGRAPHY: New York Toronto Australia Hong Kong England INDUSTRY CODE: FIN * end of story *