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Non-Tech : Charles Schwab (SCH) -- A tech-stock profile? -- Ignore unavailable to you. Want to Upgrade?

To: puborectalis who wrote (894)	10/3/1999 3:26:00 PM
From: Typhoon	Read Replies (2) \| Respond to of 1390

Stephen- Alyssa seems to be painting with a very broad brush. Investment banking and on line brokerage are quite different. The internet IPO boomlet is temporary, so IB revs are currently strong but they could fall off a cliff as soon as dot.com mania ebbs. International operations and merger activity are definitely not where sch, amtd, and egrp are positioned. So, while Alyssa may view the current pullback in brokerages a buying opportunity, its deluded to think that good buys in investment banks are good buys for olbs. I still would not buy sch, in fact I would short it here. My only reservation is what percentate of their income comes from asset management or fee based services. If those businesses are growing rapidly, and accelerating, and they represent more that 10% of their revenue mix, then maybe there is a point where I would buy SCH. Typhoon