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Technology Stocks : E*TRADE IPO Alert - Y2K and Beyond (EGRP) -- Ignore unavailable to you. Want to Upgrade?

To: neverenough who wrote (2314)	2/20/2000 3:38:00 PM
From: Topannuity	Read Replies (1) \| Respond to of 10270

BTW- until recently it was easy to guestimate how many accounts there were at ET since they numbered them consecutively...Near end of December the account numbers were around 1400-0000 (i.e., 1,400,000 accts). Since around the beginning of the year they changed the scheme to 4000-0000.... A recent account a friend opened was numbered 4612-xxxx... 2 observations--- 1. ET doesnot want to make it easy to figure out how many accts they have. 2. Could there have been 600,000 new accts opened since Jan 1 2000...Could so many have been opened in so short a time?? If you opened a new acct around January 1st, please report the first 4 digits of your acct number ... Thanks

To: neverenough who wrote (2314)	2/20/2000 5:07:00 PM
From: ChopChop99	Read Replies (2) \| Respond to of 10270

Bong, let me explain a bit more clearly... They don't care who gets them, their a financial institution and like all other business's all's they care about is the bottom line, $$. That's exactly my point. In the end, ETrade will be forced to take care of the bottom line* of profit and not the top line of account numbers. All the multiple accounts hurt the bottom line. It costs money to maintain accounts. The extra accounts would be great for their bottom line if people were steadily pumping new money in to fund them, but we all know that new money is not what's funding the accounts. We take profits out of existing ETrade accounts, and move it into new ETrade accounts, which adds to their expenses without adding one plug nickel of anything to their benefit. I'm not saying that we're playing unfairly or doing anything wrong. We're aggressive IPO players and playing the game in the way that it's presented. I'm right there with you, and will continue to be as long as it's profitable. I am saying, however, that the current ETrade system is nonsensical for ETrade, because it does not reward the customers who generate revenues for ETrade and those customers will not continue to be unrewarded. As more and more of these valuable customers leave, ETrade will be forced to make adjustments. It's simple math, and I think this game will change drastically during the next year. From a purely personal perspective, I've had some atrocious dry spells at E*Trade, but have also gotten some great IPOs for which I'm grateful. Chop