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Non-Tech : E*Trade (NYSE:ET) -- Ignore unavailable to you. Want to Upgrade?

To: ecommerceman who wrote (12657)	3/20/2000 8:46:00 AM
From: BWAC	Read Replies (1) \| Respond to of 13953

<Internet companies running out of cash > Now why should that concern anyone? Who cares about cash flow, these are internet companies. They show profits and cash flow in 7 or 20 years from now. Better buy today, so you will not be left in the cold when earnings start flowing in. (Just kidding of course. I welcome a huge wake up call on all of these junk companies. Thats not to say they are worthless, but they sure don't reflect the value they have been driven up to.) More likely though, the old line broker community will come to the defense of these such companies with analyst upgrades and some timely pie in the sky outlooks right before these companies conduct a secondary offering of shares. Got to get the price up to justify the fees they will charge on the secondary offering. Not to mention it's much more lucrative to sell this junk to your clients than WMT. Transfer the junk out of their hands into yours, while they accumulate the quality you have been conditioned to sell and replace with the junk. What a vicious game.