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Non-Tech : Ashton Technology (ASTN) -- Ignore unavailable to you. Want to Upgrade?

To: Rob W who wrote (655)	5/4/1999 10:43:00 PM
From: AJ Berger	Read Replies (1) \| Respond to of 4443

Impressive Upward Estimate Revision; "Fred Weingard, Ashton chief technology officer, said the system should be implemented in July and its target is to add 20 million to 30 million shares to daily volume." -Tuesday May 4, 4:47 am Eastern Time (Reuters) Despite the amature hour of shorts parading around the threads, it seems Fred must be having lunch with a lot of deep pockets lately, in order to be this cocky... Personally, I'm very skeptical they'll reach those volume levels for years, but this optimism is very encouraging as a shareholder, especially coming from people who's resumes speak in realities.

To: Rob W who wrote (655)	5/4/1999 10:45:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 4443

Rob, if you are calling in for information, you may want to see how the subscription is progressing, "Eye" mentioned 60 institutions as of the last update, we may get an inkling at the rate of growth of this figure. By the way, how is the physical implementation? Does each subscriber get a dedicated terminal that is interfaced with the PHLX terminal, or they can use any terminal to access the system (I presume the latter, but I have no clue). I noticed that the total cost of the software system was less than $.5 MM, and that brings back the question of Intellectual Capital and "barriers" to entry, any chance that other better funded electronic trading houses could get into the business? I understand that Island is seeking to become ratified as an "exchange" and few other companies are close behind. Zeev Zeev