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Technology Stocks : Investment Technology Group (ITG) -- Ignore unavailable to you. Want to Upgrade?

To: Charlie Smith who wrote (28)	1/11/1999 1:32:00 AM
From: Beltropolis Boy	Respond to of 70

Investment Technology '98 trades up 57 pct January 5, 1999 05:27 PM HOUSTON, Jan 5 (Reuters) - Investment Technology Group Inc. said Tuesday that its POSIT(1) electronic stock crossing system executed a total of 5.8 billion shares in 1998. The number of shares crossed increased 57 percent over 1997, when institutional investors and brokers used POSIT to trade about 3.7 billion shares. POSIT has seen a compound annual growth rate of 55 percent in annual share volume since 1988, the company said. POSIT, the world's largest intraday trade matching system, allows pension funds, money management firms and others to cross stocks electronically. Through its wholly owned broker/dealer subsidiary, ITG Inc., Investment Technology Group Inc. is the leading provider of technology-based equity trading services and transaction research to institutional investors and brokers.

To: Charlie Smith who wrote (28)	4/13/1999 3:51:00 PM
From: Beltropolis Boy	Respond to of 70

with the incredible rise of online brokerage stocks and the impending spinoffs of waterhouse securities, and perhaps quick & reilly and discover, i'm gonna taking another look at ITG. ----- Investment Technology Group, Inc. Reports Strong Earnings Growth For First Quarter 1999 Business Wire - April 13, 1999 08:14 NEW YORK--(BUSINESS WIRE)--April 13, 1999--Investment Technology Group, Inc. (NASDAQ: ITGI) today announced net earnings for the three months ended March 26, 1999 of $8.4 million, an increase of $1.0 million or 14% versus net earnings of $7.4 million for the three months ended March 27, 1998. Basic and diluted net earnings per share for the first quarter of 1999 were $0.45 and $0.42, respectively, as compared to $0.40 and $0.38 in the first quarter of 1998, respectively. Diluted net earnings per share for the first quarter of 1999, excluding non-recurring charges of $2.3 million incurred in connection with the proposed spin-off of the Company from Jefferies Group, Inc., were $0.52 or a 30% increase over $0.40 per share for the comparable quarter in 1998. Raymond L. Killian, Jr., the Chairman, President and Chief Executive Officer, stated, "ITG's business continues to show good leverage with our revenue growth at 27% while our diluted net earnings per share from recurring operations yielded a 30% growth. During this period, ITG continued to invest in its future growth through software research and development, product development and financial engineering." The Company also reported first quarter revenues of $52.6 million, a 27% increase over revenues for the same period last year. Revenues per trading day averaged $907,000 in the first quarter, a 29% increase over 1998 results for the same period. ITG's front-end software products, QuantEX(R)(1) and ITG Platform, which allow our clients to obtain execution of their orders, primarily via POSIT(R)(2), DOT and OTC market makers, continued to demonstrate strong growth. Commissions from these products increased 57% this quarter over the first quarter 1998. Our front-end software also allows our clients to utilize ITG's Electronic Trading Desk as their agent trader. Executions of client orders via ITG's Electronic Trading Desk increased 9% this quarter over the same quarter in 1998. The Company's flagship product, the POSIT equity-matching system, crossed a record breaking 45 million shares on March 16, 1999 and this new record was broken again on March 18, 1999 when 48 million shares were crossed on POSIT. ITG's net loss on long-term investments of $886,000, which includes the results of ITG's European and Australian joint ventures, primarily reflects the reported losses of its European joint venture. Results from these joint ventures slightly exceeded management's expectations. Subject to approval of the proposed spin-off at the Company's and Jefferies Group, Inc.'s annual shareholders' meetings on April 20, 1999 and satisfaction of certain other conditions to the spin-off transactions, ITG expects to pay a dividend of $4 per share on April 21, 1999. ITG expects to close the spin-off transactions effective April 27, 1999 and to commence trading on the New York Stock Exchange on a when-issued basis under the symbol "ITG WI" on April 21, 1999 and regular-way under the symbol "ITG" on April 28, 1999.

To: Charlie Smith who wrote (28)	4/20/1999 5:43:00 PM
From: Beltropolis Boy	Read Replies (2) \| Respond to of 70

Jefferies and Investment Technology Group Receive Shareholder Approvals; Spin-off and Merger Set to Close April 27 April 20, 1999 04:14 PM LOS ANGELES and NEW YORK--(BUSINESS WIRE)--April 20, 1999-- Jefferies Group, Inc. (JEF) and Investment Technology Group, Inc. (ITGI) today announced that they received approvals from their shareholders to merge ITGI into Jefferies Group following the planned separation of Jefferies & Company, Inc. ("JEFCO") and other subsidiaries from Jefferies Group through a spin-off. Jefferies Group is a holding company for two principal lines of business: (i) a leading institutional brokerage firm and an investment bank serving middle market corporations that is principally conducted through JEFCO; and (ii) its 80.4 percent-owned subsidiary, Investment Technology Group, Inc., which through its subsidiaries is a leading provider of technology-based equity trading services and transaction research to institutional investors and brokers. All pre-closing conditions to the merger have been satisfied or waived. Unless the tax ruling relating to these spin-off transactions is withdrawn or adversely modified, or ITGI ceases prior to the merger to be a member of Jefferies Group's consolidated tax group, the merger will occur on April 27, 1999. According to the plan, after a series of transactions, shareholders of Jefferies Group will receive one share of New JEF and one share of New ITGI for each share of Jefferies Group. Public shareholders of ITGI will receive a special cash dividend of $4.00 per share and 1.5955 shares of New ITGI for each share of ITGI.