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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Jazz102 who wrote (64910)	1/20/2000 1:32:00 PM
From: marquis103	Respond to of 108040

AMTD. As with other OLB's, sold off after better than expected earnings report. Robbie Steph. sticking with the buy rating. Looks like a good sale price here. Russ Thursday January 20, 11:54 am Eastern Time Company Press Release Robertson Stephens Reiterates Buy Rating on AMTD SAN FRANCISCO--(BUSINESS WIRE)--Jan. 20, 2000--Robertson Stephens Senior eFinance Analyst Scott Appleby today reiterated his Buy Rating on Ameritrade (NASDAQ:AMTD - news), after the company reported strong first quarter results. Ameritrade provides discount securities brokerage and clearing execution services and related financial services, including electronic trading and market data and research services. ``We are reiterating our Buy rating on Ameritrade, after the company reported better-than-expected first quarter results,' said Appleby. ``Net revenues came in at $110.9 million, beating our estimate of $93.7 million by 18.4 percent. Revenues increased 48.9 percent sequentially and 104 percent year-over-year.' ``The company reported record retail trading volume for the quarter,' said Appleby. ``134,000 net new accounts were added, exceeding our estimate of 92,218 and validating the success of Ameritrade's `Stuart' ad campaign.' Core accounts reached 686,000 and customer assets under management reached $31.6 billion, representing year-over-year increases of 94 percent and 112 percent, respectively.`` ``While bottom line growth did not fully reflect the strength of the quarter, we believe performance indicates management's decision to invest in the platform,' said Appleby. ``We believe this investment will be a catalyst for strong performance going forward.' Clients interested in receiving more information should contact their salesperson at (415) 781-9700.