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To: Jan Crawley who wrote (5014)10/13/1999 5:53:00 PM
From: blankmind  Read Replies (1) | Respond to of 10027
 
yes, gary's summary of the cc did touch on how much growth there has been in the institutional biz and i quote from gary's post on the call:

Instit. business is much more profitable. So, while 28% of revenues, it is 7 to 10% of volume.

maybe a mention of the 7-10% of the volume was from institutions would have been nice, and it is growing. his answer did not answer the question about not being large enough for institutions.

the good part about the 250 million dollars in cash, not counting equities, is the fact when people discuss how far the shares can drop, zero currently is no longer an option.