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

To: Tae Spam Kim who wrote (5049)	2/9/1999 12:24:00 AM
From: Will Hou	Respond to of 13953

Tae Kim, thanks for the link. Here's the article about insider selling: news.com Sections about ETrade... "The situation is somewhat different for General Atlantic Partners, a Greenwich, Connecticut, venture capital firm that held 8.74 million ETrade shares--adjusted for a recent 2-for-1 stock split--as of December 31, 1998. General Atlantic, unlike Motorola and Shaw, doesn't have an infrastructure to build or product research to fund. Nonetheless, affiliates of General Atlantic filed with the SEC to sell 3.29 million shares, a figure that is also adjusted for the stock split. These affiliates originally paid about $13.3 million in 1995 and 1996 for preferred stock that was then converted into 6.43 million pre-split common shares in ETrade, an online broker based in Palo Alto, California. That works out to a post-split average of about $1.03 per share. ETrade shares today closed down 3.1875 to 45.75. At those prices, General Atlantic would reap a profit of about $149 million. General Atlantic executives couldn't be reached immediately for comment on their decision to sell. ... "