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

To: Spytrdr who wrote (2720)	4/7/1998 8:05:00 PM
From: Mike Farrar	Read Replies (2) \| Respond to of 13953

EGRP E-Trade has earned 15-16 cents a quarter for the last 4 quarters. Revenue that you are comparing is from last years books. Sequential growth is quarter to quarter and EGRP has almost none. Grosses have increased but net earnings have not , which might alert analysts to downgrade. Jeff

To: Spytrdr who wrote (2720)	4/7/1998 10:09:00 PM
From: Oeconomicus	Respond to of 13953

Leo, Revenues and EPS for the last three quarters were as follows: Revenue EPS '97Q4 $48.5 .15 '98Q1 $51.1 .16* '98Q2 $53.3 .15 *Q1 EPS is EGRP's "proforma" number, reported excluding charges. This is the number that was the focus of analysts and the company last Q. Funny that they don't even mention it in the press release this time. Wouldn't look good, I guess, to say that earnings excluding nonrecurring charges fell by 7%. I wouldn't call 5% revenue growth last Q followed by 4% this Q exactly hypergrowth either. And how is it that they added 100,000 accounts (44% growth) last Q and 80,000 this Q (another 24% for 178% in six months), yet revenues are up only 10% in the six months? I wonder if that old "business driver" we used to hear so much about - trades per customer - is still strong. Oh, they didn't say. I guess there wasn't room for it in the press release with all the other news. Bang-up Q. Bob PS: What ever happened to that special meeting of shareholders?