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


To: Stanley L Brown who wrote (2822)4/17/1998 6:32:00 PM
From: sam  Read Replies (2) | Respond to of 13953
 
E*trade ---Back to business bottom line. Amertrade--loss the price war!
Ameritrade reported a loss today. What's more, their total number of accounts signed up is not as much as people predicted. Due to such a fact, I assume their revenue will continue to slide if not hevily promoted in media. If they keep on doing what they did in the past, they will continue to carry the loss and not sign in many customer either. Looks like E*trade is winning the on-line trading war so far. We will not see any more low price entry any more. As long as Etrade maintains current speed of growth, they will pull out easily with current profit operation. E*TRADE IS OUT OF MUD :)