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Non-Tech : CyBerCorp.com -- Ignore unavailable to you. Want to Upgrade?

To: CyBerCorp.com who wrote (219)	2/7/2000 12:28:00 PM
From: Gregg Sterner	Respond to of 1001

Hello Everyone, like you, I have also been very concerned over Schwab's purchase of CyBerCorp. We all know Schwab's reputation of the past. Even the analyst on CNBC have looked on this with some concern. However, I've had several long talks today with several of the main players at CyBerCorp and at present I've formed a very positive opinion about this. Overall, CyberCorp will operate as a whole business unit with its own executive management running the day to day operations. I will be going to CyBerCorp in the near future to look over their operations and meet the players plus I will be visiting and meeting the Penson people here in Dallas shortly. Overall, my opinion of Schwab's move to buy CyBerCorp was to diversify its services into the active and high volume trading arena as we all know that Schwab's Velocity is not an active trading system. Today, active trading is where a lot of people want to be instead of being stuck with a Web based system or even a broker. Additionally, CyBerCorp discussed some of their future plans to handle traffic growth however, as I'm sure you can understand, I had to sign a non-disclosure agreement and agree not to openly discuss those plans. Many of their competitors would like to get their hands on a lot of what they are working on. Suffice it to say, they do have some good plans to handle this and many more of the common issues that face any company as it grows fast. If you have any specific concerns, please feel free to PM me and I'll take them directly to the executives at CyBerCorp and return the answer to you personally. Plus, if it is of interest to everyone else, I'll post it here. Below is the formal response I received from CyBerCorp in answer to our questions that I posted earlier. Message 12771679 Please keep in mind that this is "legal speak" as they are limited as to exactly what they can say without putting themselves into a liability position from someone mis-interupting what they say. ***************************************************** Dear Gregg, -At the beginning of CyBerCorp.com's offering of options trading services, it is correct that we will allow the trading of long calls and puts only. However, it is part of the options business plan to offer all options strategies before the end of the year. The proposed merger with Charles Schwab affects this plan in no way, and would not have changed if there was no proposed merger. Penson Financial will remain the clearing firm for CyBerCorp.com at this time, therefore the proposed merger with Charles Schwab will in no way affect the short list available to traders, margin requirements, or any other back office operations. Although Charles Schwab does indeed own Mayer and Schweitzer, this will not affect the impartial order routing service nor will it affect CyBerCorp.com's position in terms of not accepting payment for order flow. Currently, CyBerCorp.com cannot and shall not comment on any dealings that are the sole business decision of Charles Schwab as they do not pertain to any decisions related to the proposed merger between CyBerCorp.com and Charles Schwab. Additionally, CyBerCorp.com cannot and shall not comment on any issues based on hearsay and public opinion regarding the quality of service provided by CyBerCorp.com or Charles Schwab as it does not pertain to the proposed merger. For more information, please review the following article entitled "CyBerCorp and Schwab union Benefits all involved" accessible by the link cybercorp.com Regards, CyBerCorp, Inc 888-76-CYBER Ext. 7735 <http://www.cybercorp.com/>