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

To: Bikergirl who wrote (2955)	5/28/1998 1:45:00 PM
From: Dragonfly	Read Replies (1) \| Respond to of 13953

That's right, Etrade doesn't sell mutual funds. (????) I think if you are short in etrade you might want to open an account so you can keep up with what's going on. Etrade is also branching out into other products such as online loans. As well as becomming international- most people don't live in the USA. Anyway, from your post, it sounds like Schwab is getting squeezed from below by etrade, rather than the other way around. Etrade hasn't had to lower comissions, but schwab has. Dragonfly

To: Bikergirl who wrote (2955)	5/28/1998 8:52:00 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 13953

Schwab / Etrade comparison interesting, but not that important... yet. Schwab could buyout e-trade several times over as could many of it's other "competitors". As such, they really are not traded together by investors. As long as e-trade continues to grow their accounts they will do well. There has been a slew of financial mergers in the past few years - on-line trading consolidation will happen sooner than later. I really think long term AMTD and EGRP will be great takeover plays as the big boys realize they were late to offer on-line trading. I would love to see a demographic listing of the new accounts. How many switched from full-service and how many were "new" investors. Someone could probably call IR.