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To: Sili Investor who wrote (8447)	2/2/1999 3:00:00 PM
From: Tony Henriques	Respond to of 37507

This probably didn't help ALL internet stocks today : Schwab increases margin on Net stocks By Bloomberg News Special to CNET News.com February 1, 1999, 8:10 a.m. PT Charles Schwab has increased to 70 percent, from 50 percent, the amount of investor assets required to back up any of 20 Internet stocks bought with borrowed money, starting today. For San Francisco-based Schwab, the biggest online brokerage, it's the second increase in the so-called "maintenance margin" since December, when the company increased the requirement on certain stocks to 50 percent from 35 percent. "It's really a prudent measure to protect our customers" who invest in volatile stocks, said a Schwab spokeswoman. "Many other firms have taken similar steps," including Waterhouse Investor Services, the No. 2 online brokerage, which has barred online trading of certain stocks. Do you want to know more? View story in The Big Picture Go to Message Boards Search News.com Many brokerages set their maintenance margin above the 25 percent required by the National Association of Securities Dealers. The NASD requirement is different from the Federal Reserve's requirement that bars investors from borrowing more than half of a stock's value on a first-time margin purchase. Among the stocks affected by Schwab's move are Amazon.com, Books-A-Million, eBay, Infoseek, Lycos and Yahoo. The move was first reported Friday by Dow Jones.