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To: WhySoSoon who wrote (6702)	6/1/1999 10:01:00 PM
From: ecommerceman	Respond to of 13953

IW--Yeah, ML's move today does certainly validate our business model, so that does mitigate some of the pain today (also watching the ML CEO's try vainly to weasel out of their earlier ferocious condemnation of online brokers). On the whole, though, I wish they weren't doing this, as there can be little doubt that ML's entry will slow our momentum to some extent (how could it logically be otherwise?). They're still six months away, though, and that's an eternity for an internet company--and I suspect that they'll have the same problems we've already seen the OLB's having with dealing with keeping their system up at all times. So, this hasn't been the best day we've seen, but I don't think we've seen any profound change in our company's fundamentals, which I still believe are very strong.