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Non-Tech : Charles Schwab (SCH) -- A tech-stock profile? -- Ignore unavailable to you. Want to Upgrade?

To: William Hunt who wrote (479)	4/16/1999 9:56:00 AM
From: Guy E. Fleming	Read Replies (1) \| Respond to of 1390

I just read the Schwab 1998 annual report. They look like they're hitting on all fronts. Besides the explosive growth in Internet trading, the branches are thriving (70% of new accounts opened there); 400,000 customers with over $100,000 to invest; International assets up 65%; business with Independent asset managers grew to $146 billion from $106 billion in 1997 -- +38%; Retirement plans up by 45% to 20 billion; $211 billion in mutual funds from $160 billion in 1997 -- +32%. It all looks very strong. Sure, it won't be a smooth ride and valuations can get crazy, but, IMO, SCH is a great long-term stock, one to hold on to and a good company to do business with. They're smart, innovative, willing to invest huge sums for future growth and very profitable.