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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Dealer who wrote (41131)	9/10/2001 10:46:16 AM
From: Dealer	Read Replies (1) \| Respond to of 65232

Just one more post before I go. A little different spin! eSpeed Announces $40 Million Stock Repurchase Program NEW YORK--(BUSINESS WIRE)--Sept. 10, 2001--eSpeed, Inc. (NASDAQ: ESPD - news), the leading developer of electronic marketplaces and related trading technology solutions, announced that its Board of Directors authorized the repurchase of up to $40 million worth of outstanding Class A Common Stock (approximately 5 million shares at the current stock price). Purchases will be made from time to time in the open market at prevailing market prices and may also be made in privately negotiated transactions. eSpeed currently has approximately 55 million shares of Common Stock outstanding. eSpeed sees the repurchase of its stock as one of the most productive uses of the Company's $154 million cash balance as of June 30, 2001. All reacquired shares will become treasury shares and will be used for general corporate purposes. ``We are as committed to providing value to our shareholders as we are to providing the best trading technology available. We believe that eSpeed shares are undervalued at current levels and do not reflect the true value of our company's financial position, market leadership and strong intellectual property base. We appreciate the support of our Board of Directors and together we remain confident that we are uniquely positioned to expand our business and leverage opportunities for further growth,'' said Howard W. Lutnick, Chairman and Chief Executive Officer of eSpeed, Inc. About eSpeed, Inc. eSpeed, Inc. operates multiple buyer/multiple seller real-time electronic marketplaces. eSpeed's suite of marketplace tools provides end-to-end transaction solutions for the purchase and sale of financial and non-financial products via the Internet or over eSpeed's global private network. eSpeed currently provides the marketplace infrastructure for 48 financial and non-financial instruments, including most of the world's fixed income marketplaces. eSpeed transacts over $200 billion of financial instruments daily and is headquartered in New York City. Additional information on eSpeed is available via the Internet at espeed.com. Statements contained in this Press Release which are not historical facts are forward-looking statements, as the term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors, which include, but are not limited to: the limited operating history of eSpeed, Inc., the possibility of future losses and negative cash flow from operations, its ability to enter into marketing and strategic alliances, to effectively manage its growth, to expand the use of its electronic systems, and to induce customers to use its marketplaces and services and other factors that are discussed in eSpeed's Annual Report on Form 10-K filed with the Securities and Exchange Commission.