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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?


To: Rande Is who wrote (18922)1/19/2000 10:02:00 AM
From: JLS  Read Replies (1) | Respond to of 57584
 
PLUG is trying to surpass it's alltime high.
Julie



To: Rande Is who wrote (18922)1/19/2000 10:03:00 AM
From: Margaret Mateer  Read Replies (1) | Respond to of 57584
 
great post Rande Is - I've got my alert set



To: Rande Is who wrote (18922)1/19/2000 10:06:00 AM
From: shadowman  Read Replies (1) | Respond to of 57584
 
OLB's....Etrade earnings.

--------------------------------------------------------------------------------

Filed at 9:24 a.m. ET

By Reuters
MENLO PARK, Calif. (Reuters) - E+Trade Group Inc. (EGRP.O), the No. 2 U.S. online brokerage, on Wednesday posted better-than-expected results, driven by a surge in Internet stock trading by individual investors.

E+Trade, which has close to 2 million customers, posted a net loss of $5.2 million, or a 2 cents a share loss, in the first quarter ended Dec. 31.

That compared with an $11.6 million loss, or 5 cents a share loss, in the year-ago quarter. Revenues more than doubled to a record $246 million, due to a surge in stock trades E+Trade processed in the quarter.

The quarterly results included $37.7 million in investment gains and $3.8 million in merger-related expenses. Excluding these special items, E+Trade lost $38.1 million, or 15 cents per diluted share, in the first quarter.

E+Trade's operating results beat Wall Street estimates of a loss of 21 cents a share, according to market research firm First Call/Thomson Financial. Analysts earlier this month already predicted E+Trade would sail past earnings estimates but failed to update their profit forecasts.

Heavy advertising spending plunged the company into the red in both periods. The advertising did help E+Trade attract an additional 330,000 new accounts in the quarter, bringing the total to 1.9 million.

U.S. Web brokers processed a record 700,000 to 750,000 trades a day in the final quarter of 1999, up 40-50 percent from the third quarter, analysts have estimated. The rise in share trading coincided with a sharp rise in U.S. stock markets in the quarter. The Nasdaq composite index rose 48 percent in the fourth quarter and trading volumes were up 27 percent.

E+Trade, which ranks second only to Charles Schwab Corp. (SCH.N) among online brokerages, said it processed a record 133,000 trades a day in the quarter. That was up 208 percent from 43,000 a day a year ago and up 65 percent from 80,000 in E+Trade's fourth fiscal quarter.



To: Rande Is who wrote (18922)1/19/2000 10:10:00 AM
From: BANCHEE  Read Replies (1) | Respond to of 57584
 
Rande
Looks like the shorts attacked XYBR this am....Taking it down
to 13 3/4 ....With no news from the co yet concerning the auto
show in Detroit, the shorts are having their time now.
This show to me is a big platform for XYBR
to show off their wares....To attract attention and expose
the world to wearable computers. This is a big moment for them.
I would expect that we will be hearing from them soon....
Also there is Transmeta announcement begins in two and a half hours..
If XYBR is mentioned or connected in any way with this announcement,
we will head north big time,,,,,Like when LPTHA headed north a little
while ago..So I would expect to reverse and head north as the morning
rolls on......I bought some more trading shares this am....As I
write this, I see we have started to turn up......Any positive
announcement or CNBC,Bloomberg spot on TV will have the shorts
covering......Then up we go.......
XYBR did not go through all this preparation of the show for nothing....
Banchee