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

To: let who wrote (13718)	5/15/2000 12:40:00 PM
From: SLSUSMA	Respond to of 13953

Supposedly, Wit Capital + EOffering will now be the sole source for ETrade IPO shares. Bought Wit Capital's 100k accounts for about $20 million, which works out to be $200 an account. Suppose that's one way to grow, but wonder if Wit Capital clients are happy to be going into EGRP? The $328 million in WITC stock goes into EOffering, a privately held company which ETrade owns about 28% of. So you could say EGRP gets $100 million in equities, but it is hardly the cash infusion that some people on the boards have been touting.