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

To: ecommerceman who wrote (8127)	8/20/1999 11:16:00 AM
From: Francis Muir	Read Replies (1) \| Respond to of 13953

Well, TSC has just come out with another internet tale with this relevant portion: "Elsewhere, online brokerages continued to feel the heat early today. Deutsche Banc lowered estimates for Ameritrade's (AMTD:Nasdaq) current fiscal fourth quarter to a per-share loss of 4 cents vs. the 4-cent gain previously forecast. Analyst James Marks wrote in a note that management indicated "they would have slower account growth and a steep drop in transaction activity per account producing what it now believes will be a decline in transactions from the fiscal third quarter."Marks also wrote that "Ameritrade appears to be lagging some other brokers we have spoken to regarding transaction growth this quarter for reasons that we cannot specify," though he maintained a marketperform rating on the stock. Ameritrade was down 5/8, or 3%, at 21 in early trading." I guess you all have noticed a small but consistently widening percentage gap between EGRP and AMTD. There is some suggestion above that Ameritrade may be losing marketshare to E*Trade. Whether the Age of Steam brokerage houses are also is an open question, but the depressed (well, relatively) price of EGRP stock must be due partly to the Empire Strikes back boys. We'll see.