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

To: Iceberg who wrote (5114)	2/10/1999 5:50:00 PM
From: fiberman	Read Replies (1) \| Respond to of 13953

From the Goldman Sachs conference: E-Trade (EGRP) CFO Leonard C. Purkis isn't losing any sleep over the service outages that plagued the e-brokerage last week, suggesting the company sees the debacle as a one-time fluke. "This is the first significant service lapse on our site since before our IPO," Purkis told fund managers at the Goldman Sachs investment conference in New York. Speaking one day after the first disgruntled-client lawsuit surfaced, Purkis said that despite the outage, E-Trade executed more than 300,000 trades last week, vs. a weekly average of 200,00 in the fourth quarter of 1998. The outage apparently isn't hampering the company's aggressive international expansion plans. E-Trade is moving ahead with an effort to market its service in the top 20 global financial markets in the next two to three years, Purkis said. Shares of the California company dipped 1 5/16 to 38 7/8.