E*TRADE(R) Joins Forces With 3com to Offer Next Generation Technology
PRNewswire - 01:46 p.m Dec 02, 1998 Eastern
SANTA CLARA, Calif., Dec. 2 /PRNewswire/ --
E*TRADE(R) Group, Inc. (Nasdaq: EGRP), the provider of a
leading branded destination Web site for online investors,
announced today it plans to deliver Internet content wirelessly to
users of the Palm VII(TM) connected organizer, a new and
wireless generation of handheld computing products from Palm
Computing, a 3Com company. E*TRADE and Palm Computing
officials will demonstrate their innovative solutions today at the
Palm Computing Platform Worldwide Developer Conference in
Santa Clara.
"E*TRADE's destination Web site and the new Palm VII
organizer represent the next generation of technology," said
Jerry Gramaglia, Senior Vice President of Sales and Marketing
of E*TRADE Group, Inc. "Together, we offer a powerful
combination that allows consumers flexibility and control over
when, how and where they conduct their business."
"E*TRADE is one of the leading players in today's technology
revolution and they are a perfect match for the first handheld
device to offer wireless access to the Internet," said Andrea
Butter, Interim Vice President of Marketing for Palm
Computing. "Together, E*TRADE and the Palm VII organizer
give users the power to control their finances from wherever
they may be."
The new Palm VII connected organizer has been designed to
provide fast, secure and easy out-of-the-box access to personal,
business and Internet information. The product enables users to
quickly and easily obtain important information from various
Web sites remotely via a wireless connection to the Internet.
With a mobile connectivity to E*TRADE's award-winning Web
site, Palm VII organizer users will enjoy access to one of the
leading online investing sites in the industry. Once they have
accessed the site, users will have the opportunity to experience
E*TRADE's comprehensive suite of value-added products and
services including stocks, options, mutual funds, insurance, and
credit cards, to name a few.
Gramaglia says the E*TRADE-Palm VII relationship brings new
meaning to the phrase 'anytime anywhere' access -- a hallmark
of the E*TRADE brand -- and offers on-the-go consumers the
ability to explore firsthand the power, convenience and control
of E*TRADE's award-winning Web site. Added Gramaglia,
"Given their desire to enjoy the ultimate in technological
capability, we think users of the new Palm VII device will be
very pleased with their E*TRADE experience."
The Palm VII connected organizer is the first handheld solution
for out-of-the-box wireless communications and Internet access.
In addition to providing fast and simple access to personal and
business information, the Palm VII organizer enables users to
quickly, easily and securely obtain information from Web sites
via a wireless connection to the Internet. The Palm VII organizer
enters a national field trial in January 1999 and is expected to be
widely available in the U.S. next year.
A leading branded provider of online investing services,
E*TRADE has established a popular destination Web site for
self-directed investors. The company offers independent
investors the convenience and control of automated stock,
options and mutual funds order placement at low commission
rates. In addition, E*TRADE has a suite of value-added
products and services that can be personalized, including
portfolio tracking, Java-based charting and quote applications,
real-time stock quotes, Smart Alerts, market commentary and
analysis, news, investor community areas and other information
services.
In August, and again in November, E*TRADE was ranked the
number one online brokerage service in a quarterly review
conducted by Gomez Advisors, a leading independent authority
devoted to online financial services. In October, the E*TRADE
Web site was named the number one online investing site in an
international survey of the industry's top twenty Internet
brokerage firms by Lafferty Information and Research Group, a
global provider of high-value and business information
research.
Customers can access E*TRADE on the Internet and through
many other electronic channels and online services. E*TRADE
Securities, Inc., and its parent company, E*TRADE Group,
Inc., are headquartered in Palo Alto, California.
NOTE: E*TRADE is a registered trademark of the Company.
All other trademarks are properties of their respective owners.
The statements contained in this news release that are
forward-looking are based on current expectations that are
subject to a number of uncertainties and risks, and actual results
may differ materially. The uncertainties and risks include, but
are not limited to, changes in market activity, market acceptance
of the new E*TRADE destination Web site, anticipated increases
in the rate of new customer acquisition, seasonality, the
development of new products and services, the enhancement of
existing products and services, competitive pressures (including
price competition), system failures, economic and political
conditions, changes in consumer behavior, and the introduction
of competing products having technological and/or other
advantages. Further information about these risks and
uncertainties can be found in the information included in the
annual report filed by the Company with the SEC on Form 10-K
and quarterly reports on Form 10-Q. SOURCE E*TRADE
Group, Inc.
Copyright 1998, PR Newswire
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