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To: IceShark who wrote (60371)	9/3/1999 8:32:00 AM
From: Cynic 2005	Respond to of 86076

Cussing myself for swapping NDB puts with SCH puts: ------ Thursday September 2, 10:55 pm Eastern Time National Discount Brokers sees Q1 below estimates NEW YORK, Sept 2 (Reuters) - National Discount Brokers Group Inc (NYSE:NDB - news) , an online discount broker and Nasdaq market maker, said on Thursday it expects first quarter income from continuing operations to be in the range of a profit of $0.02 per share to a loss of $0.01 a share, sharply lower than analysts' expectations. Analysts had expected a profit of $0.21 to $0.22 a share for the quarter, which ended August 31. National Discount said revenues for the quarter would fall about four percent short of the $55 million analysts had expected. Including a gain from the sale of its former affiliate, Equitrade Partners, L.L.C., which occurred in June 1999, the company estimated net income between $1.26 and $1.23 per share for the quarter. National Discount said expenses are expected to be about nine percent greater than the analysts' estimates of about $48 million. The company attributed higher expenses to acceleration of expenses associated with NBD.com's advertising campaign, non-recurring write-offs of obsolete equipment and software to allow for upgrades at its subsidiaires, Sherwood Securities and NDB.Com, and clearing and related charges from increased transaction flow at Sherwood Securities. biz.yahoo.com