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Non-Tech : E*Trade (NYSE:ET) -- Ignore unavailable to you. Want to Upgrade?

To: ecommerceman who wrote (6677)	6/1/1999 4:20:00 PM
From: Ray	Read Replies (1) \| Respond to of 13953

When is it time to buy in?? I sold my shares few weeks ago since it seemed a market correction was coming. Any predictions will be appreciated.

To: ecommerceman who wrote (6677)	6/1/1999 5:31:00 PM
From: Jerry Miller	Read Replies (1) \| Respond to of 13953

e-man, got a proxy statement today. it contains only one proposal: "to increase the number of authorized shares of common stock." there's a "Special Meeting of the Shareowners", on June 25th, in Rancho Cordova, California. the proxy reads in part... " The Board of Directors of the Company has approved and recommends that the Shareowners approve an amendment to the Company's Certificate of Incorporation to increase the authorized shares of the Company's common stock from 300,000,000 to 600,000,000 shares. The Board of Directors of the Company believes the increase in the authorized shares is necessary to provide the Company with the flexibility to act in the future with respect to financing programs, acquisitions and other corporate purposes without delay and expense incidental to obtaining shareowner approval each time an opportunity requiring the issuance of shares may arise." it goes on to add... " The lack of authorized Common Stock available for issuance would unnecessarily limit the Company's ability to pursue opportunities for future financings, acquisitions, mergers, and other transactions. The Company would also be limited in its ability to effectuate stock splits or stock dividends."