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


To: ecommerceman who wrote (5166)2/15/1999 4:14:00 PM
From: Jay Rommel  Read Replies (2) | Respond to of 13953
 
Isn't Softbank the largest shareholder of E*trade?
Are they selling?



To: ecommerceman who wrote (5166)2/15/1999 4:46:00 PM
From: Oeconomicus  Read Replies (1) | Respond to of 13953
 
...Cotsakos only sold 4% of his shares which, if true, is hardly worth discussing.

I agree, though no one but you seems concerned about it. ;-)

Are you suggesting that because Cotsakos only sold 4% that it is equally irrelevant that the VC is selling half?

And is it irrelevant that five other officers and directors filed to sell $36 million worth of EGRP (in two cases amounting to 78% and 86% of the individual's holdings)?

Total shares filed by insiders in the first week of Feb alone (I wonder what week 2 looked like) were about 5.2 million for a value at the time of filing of $295 million. Dismiss it at your own risk.

JMO, of course.

Bob

PS: The shares sold by the Cotsakos trust represent 64% of the trust's EGRP shares and 18% of the shares controlled by Cotsakos if you include options exercisable "within 60 days of 12/31/98". Where did you get 4%?