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

To: Tae Spam Kim who wrote (7885)	8/3/1999 11:48:00 AM
From: KENNETH DOAN	Respond to of 13953

Tae, I think SCH warned us at their earning report already. Like I said I am only in with a very small position.

To: Tae Spam Kim who wrote (7885)	8/3/1999 2:12:00 PM
From: desert fox	Respond to of 13953

ETrade has $1B in cash. If ETrade and TBFC continue to head down, that will be close to %20 of market value. Quite huge. No other online broker has that much money to spend. This market drop is bad for all brokers but it will allow E*Trade to further distance itself from the rest of the group. Take a look at AMTD. All out of cash and needing money to spend for advertising. Well, as EGRP said last year, it will take significantly more and more advertising money to catch up with the best and the best is EGRP. Bad for the rest, great for EGRP. Every broker trying to build up their cash chest is behind EGRP. Side note, since TBFC shareholders are getting 1.05 shares of EGRP for each share of TBFC they hold, does this mean that if I bought 1000 shares of TBFC for $24, it would be the same as buying 1050 shares of EGRP at its current price of $25? It seems like buying EGRP at this discount would be a good thing if anyone was interested in buying into EGRP. df