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

To: Tom Smith who wrote (3449)	8/3/1998 1:30:00 PM
From: Oeconomicus	Read Replies (1) \| Respond to of 13953

Tom, pretty aggressive growth plans. Now that I'm long, I hope they can do it. We have to cross the valley first, though, before we get to higher elevations. Two obstacles/dangers to deal with in the valley - first, we have a hopefully shallow stream of red ink the company warned about; and second... ... thar's bears in them thar woods. BTW, I wonder who that "partner" is for Instinet that CNBC has been talking about all day. Bob

To: Tom Smith who wrote (3449)	8/4/1998 10:45:00 AM
From: Tom Smith	Read Replies (1) \| Respond to of 13953

This is a corrected version of the item I posted yesterday. I was a bit suspicious of the growth rate implied by the first story. Tom ----------------------------------------------------------------------------------------- *CORRECTED - ETrade projects strong account growth** In San Francisco story headlined "ETrade (EGRP - news) projects strong account growth," please read in first paragraph "...expects to add over the next four to eight quarters....", instead of "...months..." (correcting period) A corrected version follows SAN FRANCISCO, Aug 3 (Reuters) - Electronic brokerage firm ETrade Group Inc. (EGRP - news) expects to add over the next four to eight quarters (corrects) one million accounts to its current base of 460,000, senior vice president Rebecca Patton told investors Monday. Speaking at the BankAmerica Robertson Stephens New Millenium Conference here, Patton said ETrade aimed to grow its business by becoming a full-fledged "financial portal" on the Internet. The company will shortly launch a new Internet site offering a range of services like content and community to enhance its stock trading business. "This will enable ETrade to cross sell a wide variety of consumer services," she said, explaining this should reduce the company's dependence on transaction-based revenue. She also said it should also help E*Trade distinguish itself from the growing number of online brokerages.