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

To: ItsAllCyclical who wrote (2961)	5/29/1998 12:55:00 AM
From: Bikergirl	Read Replies (1) \| Respond to of 13953

The big question at this point is ,"Is it worth it for a financial services company to pay a premium for EGRP or AMTD, or is it just easier to start your own online trading?" I just don't see EGRP or AMTD as standing out from the crowd enough at this point to justify a buyout. There was another online announcement today regarding Bank of America & Wells Fargo. They are each starting their own on-line trading sites. From what I remember(I don't have a link to this story, sorry), the sites should be up and running by the fall. It would have been a lot easier for BAC or WFC to buy EGRP or AMTD, and yet they chose to start their own. This says to me that EGRP & AMTD are overvalued, and would have to each slide to the low teens before they could be considered takeover candidates(assuming majority EGRP & AMTD shareholders would be willing to sell out).