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Technology Stocks : Data Broadcasting Corp. (DBCC) -- Ignore unavailable to you. Want to Upgrade?


To: esecurities(tm) who wrote (1346)7/10/1998 5:19:00 PM
From: esecurities(tm)  Read Replies (1) | Respond to of 5102
 
"Internet Craze Rubs Off On Online Brokerages" DBCC next?

"...The mad investor rush to buy into Internet companies is starting to rub off on cyberspace brokers, such as E*Trade Group Inc. and AmeriTrade Holding Corp. .

ÿÿÿÿ In less than a month, AmeriTrade shares have risen nearly 50 percent to close at 36 Thursday, while E*Trade's stock has gained about 30 percent in the last month to close at 25-9/16..."I don't think (investors) are going to award (on-line brokers) the same valuations," said analyst Michael Chung of Williams Capital Group. "But money flowing out of Yahoo is now flowing into these stocks." ... "People are starting to realize these are some of the most undervalued stocks with Internet exposure," said ABN AMRO analyst Scott Appleby..."

source: &copy 1998 Internet News.com internetnews.com

E*Trade also announces $400 million strategic investment from SoftBank source: &copy 1998 biz.yahoo.com