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To: George A. Roberts who wrote (455)5/1/1999 1:00:00 PM
From: Gary M. Reed  Respond to of 766
 
George,

Re: the Etrade account, I'm sure that is for accounting/share distribution purposes and not some attempt to goose Etrade's new account biz. In an IPO, the lead underwriter Goldman Sachs puts together what is called a selling group, which is basically which brokerages get allocated stock. Imagine the insanity of emailing each TSC subscriber who got shares, asking them who their broker is and what their account number is, and then allocating the shares. They'd have a selling group of about 500 different firms, which would be insanity.

Although I do see your point...for a mere 50-100 shares, I'm not sure it would be worth my while to go out and establish an account with Etrade. A nice gesture on TSC's part, nonetheless.



To: George A. Roberts who wrote (455)5/1/1999 1:32:00 PM
From: RainMan29  Read Replies (1) | Respond to of 766
 
Thanks George. The following is an excerpt of the letter I received:

Dear TSC Subscriber:
We are pleased to inform you that your name has been chosen at random by
Arthur Andersen from a pool of our subscribers to participate in
TheStreet.com's Subscriber Offering program as part of our planned IPO.
As a member of this subscriber pool, we would like to offer you the
opportunity to indicate your interest in purchasing up to 100 shares of the
common stock of TheStreet.com at the initial public offering price.This is
not an offer to purchase shares and you should make your decision only
after you have read the prospectus. Keep in mind that you will need to
purchase the shares at the initial public offering price and this price
will only be determined at the date of the offering. We have indicated in
our filings with the SEC that our preliminary estimate of the IPO price
range is $11 - $13 per share, but the offering price could exceed or be
below this range.
TheStreet.com has chosen E*TRADE to manage the Subscriber Offering program.
We made this choice because of E*TRADE's commitment to and experience with
this type of business. If you have an interest in receiving shares, you
must either have an existing E*TRADE brokerage account, or you will need to
open a brokerage account at E*TRADE. IF YOU DO NOT HAVE AN EXISTINGE*TRADE
ACCOUNT OR E*TRADE HAS NOT RECEIVED YOUR FULLY COMPLETED AND SIGNED NEW
ACCOUNT DOCUMENTS BY APRIL 20th YOU WILL NOT BE ABLE TO PARTICIPATE INTHE
SUBSCRIBER OFFERING PROGRAM. Further, you will need to indicate your
interest in receiving shares by following the steps described below.
* Visit the dedicated E*TRADE site at:
..