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To: Mark Z who wrote (193)2/5/2000 1:10:00 PM
From: jebj  Read Replies (2) | Respond to of 1001
 
>What I don't understand is why Schwab paid $488 million. Unless this is Pottruck's admission that LaPore & company can't get it done technologically i.e. given a $488 million budget, Dawn's crew couldn't build something to compete with CyberTrader. - Mark

My guess is that Schwab has little to no interest in CyberTrader but is interested in the CyberX order entry technology - which can be used by all their customers and not just the few daytrader out there.

Hopefully, they will leave Cyber's daytrading division alone and let it do it's thing.

jb