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

To: let who wrote (8866)	10/13/1999 8:59:00 AM
From: let	Read Replies (3) \| Respond to of 13953

Now we know why earnings were early, and also why MER is making rapid changes to their business model. These brick and mortar guy are getting their lunch ate.! Notice the new assett growth...they added $28 Billion ! that is and divide it by 310,000...now that is some large accounts guys ! not just the $2000 day traded. This sets us up for a great yr in 2000 !

To: let who wrote (8866)	10/14/1999 4:02:00 PM
From: Tom_	Read Replies (2) \| Respond to of 13953

E*Trade vs Schwab this quarter. Net new accounts: SCH.....282,000 EGRP...310,000 Total accounts end of quarter: SCH.....6.3MM EGRP...1.6MM Total customer assets: SCH....$ 595B EGRP...$ 28B New assets this quarter: SCH....$ 25B (comment: SCH brought in almost an entire EGRP) EGRP....$ 3.7B Advertising/marketing expenses: SCH.....$ 57.7MM EGRP...$ 77.4MM Revenues: SCH.....$ 883MM EGRP...$ 173MM (comment: 4MM less than last Q) (31MM less than last quarter if the 27MM revenue from the acquisition [TIR Holdings] is excluded) Net income: SCH....$ 124.5MM EGRP....$ 24.7MM loss (more if TIR net is excluded) Sources: SCH & EGRP press releases for the quarter. Best wishes, Tom (long SCH & EGRP)