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

To: Spytrdr who wrote (8135)	8/23/1999 9:55:00 PM
From: ecommerceman	Read Replies (1) \| Respond to of 13953

From the Bull Market Report of a few days ago (I've been gone for 10 days...) $$$$$ ETRADE UNIT FILES TO BECOME A NATIONAL STOCK EXCHANGE Archipelago, a privately-held company that runs a computer matching system for stock purchases, said late Monday it formally sought approval from federal regulators to become a national securities exchange. The firm said it filed a Form 1 with the U.S. Securities and Exchange Commission, which if approved would allow it to become a self-regulating exchange. The firm, which ranks as the No. 4 electronic communications network, or ECN, has investments from Instinet, the current leader in off-exchange stock trading, as well as ETRADE GROUP INC, GOLDMAN SACHS GROUP INC, and J.P. MORGAN, each of which own 16.4%. COMMENT: E*Trade (EGRP) is WAY down from its highs but NOTHING has changed with the company and its lofty goals to be a financial gorilla. This move once again proves to us that they will be a major factor in the electronic stock exchange of the future.