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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Sosmartinov who wrote (42616)	6/1/1999 6:32:00 AM
From: lee kramer	Read Replies (2) \| Respond to of 120523

Sosmartinov: CNBC just announced that E-Trade will swap 2.1 shares of it's stock for each TBFC share. The numbers; 44 1/2 (2.1)=93.45. Figure a 10% discount until the deal goes through and TBFC will likely open between 82-84. Also, Merrill announced they'll be offering on-line trading to their customers (they didn't mention WHICH customers at roughly Schwab's commission rates...$29.95) This is not NEW news, Merrill's been talking about it for a couple of months...but it does solidify where things are heading. (Lee)