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Non-Tech : ET and the Rest -- Ignore unavailable to you. Want to Upgrade?

To: Rob S. who wrote (2506)	12/4/2000 9:43:21 PM
From: Spytrdr	Read Replies (3) \| Respond to of 5459

agree. i've been saying for months that Schwab's buyout of Cybercorp marked a turning point for the worse in the stock of EGRP. before Schwab's move, i wrote here many times URGING ETrade to buy Cybercorp, as fast as possible. a few days later the SCH news hit. i think Schwab overpayed on purpose, knowing that ETrade with its pitiful currency could not possibly respond with a higher offer, and at the same time driving the valuations of the other candidates (private companies) higher. after that i hoped in vain ETrade management would react much much sooner, licensing RealTick, buying Tradescape, or developing something on their own. but as we can see now at $ 8 a share... i naively underestimated the degree of Cotsakos' "BOZONESS"... ;-) after that, in the public's perception, ETrade suddenly appeared as a company with outdated technology, falling behind the nimbler, more astute competition (SCH). that is/was the perception: nimble, astute, lean & mean SCH on one side of the ring, Cotsakos the slow-moving BOZO on the other.

To: Rob S. who wrote (2506)	12/4/2000 9:45:58 PM
From: BWAC	Read Replies (1) \| Respond to of 5459

Offhand Watley looks to do about 6,000 trades a day on average of last year? So maybe a little more now per day. On 8,000 customers? I would think they would do more trades per day with that customer base. I guess it is not out of line to expect EGRP to buy them out oneday. But not while EGRP stock is depressed. The failure of EGRP to maintain their "currency" will let many opportunities like this go by. I doubt Watley can achieve enough mass by just licensing the product out. So they should be open to buyout talk. I found one interesting thing reading about Watley that I have to admit I had not factored in on EGRP. Actually just forgot about it, or forgot the magnitude. Watley press releases were talking about the cost savings the company would receive from the Nasdaq Level 2 fees being reduced from $50 to $10 a month. I don't know exactly how many EGRP active traders are signed up for the free Level 2. But $40 saved per month per customer for EGRP could be a lot of money. For example: 10% of customers 300,000 x $40 = $12 Million savings. $36 Million per quarter. I'd guess 300k customers is a high percentage though?