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Non-Tech : Datek Brokerage $9.95 a trade -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (11714)	4/21/1999 9:59:00 PM
From: TradeOfTheDay	Read Replies (1) \| Respond to of 16892

Anyone else get a liquidation notice tonight if they have a position in CNET ?? I just received an immediate liquidation notice from their MAILBOT, because somehow they are not recognizing or reading my CNET position and have triggered that my account is now ripe for liquidation. this is madness. Apparently CNET was halted after hours - and they have it marked to market as ZERO ! Has this ever happened to anyone else?? Of course there is no one in their offices - or answering the phones after they send out this cheery little notice.

To: RockyBalboa who wrote (11714)	4/22/1999 1:43:00 AM
From: Sir Francis Drake	Read Replies (1) \| Respond to of 16892

A New York Times article about the terrible problems at Schwab - oh my God, you couldn't trade for 15 minutes around 11 AM, and there were periods of slowness during the next hour. That's just terrrrrrible!!! And that already is the sixth time this has happened this year! How awful!!! Aren't we lucky to be Datek customers? LOL! nytimes.com "Customers of the Charles Schwab Corporation were unable to place stock trades Wednesday morning through the Internet broker's Web site. It was the sixth time that has happened this year. Schwab's Web site, which processed a record 160,000 trades a day in the first quarter, failed for 15 minutes starting around 11 A.M., a spokeswoman, Tracey Gordon, said. Customers may have experienced "periods of slowness" for an hour thereafter, she added. A recent string of short service interruptions was caused by Schwab's attempts to increase its Web site's capacity by adding another mainframe computer. Schwab recently said that it would spend heavily this year on its Web side and other technology. Schwab's competitors have also suffered shutdowns and glitches, notably the No. 3 Internet brokerage firm E*Trade Group Inc. The problems have frustrated online investors, spurred lawsuits and caused state regulators to begin an inquiry into the online brokerage industry. Schwab, which has 2.5 million online accounts, last week reported a record $142.9 million profit in the first quarter, more than double the $68 million profit in the quarter a year ago. The failure did not hurt Schwab's stock, which gained $8.25 yesterday, closing at $115. "