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

To: thinkbach who wrote (13258)	4/23/2000 5:57:00 PM
From: Curtis E. Bemis	Read Replies (1) \| Respond to of 13953

The second Yahoo reference you gave is not so compelling. It is an 8-K filed on April 17 which gives a "consolidated" financial report for both ETrade and Telebanc. Item 5. Other Events On April 12, 2000, ETRADE Group, Inc. ("ETRADE") announced its financial results for the quarter ended March 31, 2000, reporting net revenues of $407 million, net loss of $23 million, and basic and diluted net loss per share of $0.08 for the three months ended March 31, 2000 and net revenues of $675 million, net loss of $28 million, and basic and diluted net loss per share of $0.11 for the six months ended March 31, 2000. A copy of ETRADE's Consolidated Balance Sheets at March 31, 2000 and September 30, 1999 and Consolidated Statements of Operations for the three and six months ended March 31, 2000 and 1999 are attached as Exhibit 99.1 hereto. This Form 8-K is being filed to present the first period of consolidated results of ETRADE and Telebanc Financial Corporation ("Telebanc"). Consolidated results give retroactive effect to ETRADE's merger with Telebanc on January 12, 2000 which was accounted for as a pooling of interests.