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

To: Oeconomicus who wrote (3334)	7/21/1998 4:38:00 AM
From: Sten Frelles	Read Replies (1) \| Respond to of 13953

I've been following the Etrade thread for around a year now, and it surprises me that a lot of discussion goes into whether or not their infrastructure is dependable and whether or not they will make their quarterly earnings. Having bought at 8.5 and seem EGRP rise to 47, only to fall back into the 20'ies i can understand why a lot of you are sceptical. Yet think about what EGRP management have achieved over the time since their IPO. Basically they are making all the right moves: 1. Building and leverageing the right strategic relationships (softbank) 2. Securing necessary capital for a high growth strategy 3. Keeping the company profitable (and avoiding costly price-wars) 4. Building an international presence (nobody really competes with them here) 5. Focusing intensely on Brand 6. Staying independent (resisting the temptation of selling out to a major bank) 7. Staying awake (Destination Etrade web site redesign) Adding all this up, i don't think we should be discouraged tomorrow, even if EGRP misses it's earnings. Looking forward about 24-36 months (as the market is emerging today) none of the competitors in this market (except perhaps Schwab) are in a position to build a more powerful global presence than Etrade. Chances of Etrade breaking the 100 $ mark within 2 or 3 years seem excellent. Not everybody is Amazon - but this will turn out to be a great investments for all longs! Happy investing!

To: Oeconomicus who wrote (3334)	7/21/1998 10:06:00 AM
From: jarvis henkle	Read Replies (2) \| Respond to of 13953

bob ~ it looks as if you will get your chance to get in this morning - sometimes i think that their customer service and ir department is no better than kmart's - friday they confirmed with me that earnings were to be after the bell on tuesday, and then yesterday they told me they were going to be released before! of course that i have nothing better to do than call ir two days in a row sais something too ... if i might inquire of you - are you buying options or common? i assume you are confident that earnings will come in at least in line ... what is your take on the street's response should they report in line? curious ... jarvis