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Home > Company Index > Financial Services > Investment Banking & Brokerage > Web Street, Inc.
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Web Street, Inc. |
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NEWS FROM THE STANDARD |
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Tech Stocks Take a Little Dip
May 21 2001 03:54 PM PDT
5 Is the Nasdaq's Lucky Number
May 21 2001 02:05 PM PDT
Tech Stocks Still Kicking
May 21 2001 09:19 AM PDT
E-Trade to Buy Web Street for $45 Million
May 21 2001 06:54 AM PDT
Online Trading Evolves
Dec 12 2000 05:51 PM PST
PROFILE |
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Web Street wants to be the new address for wealth. The company's Web Street Securities subsidiary offers Internet stock trading (more than 90% of transactions occur online) as well as telephone and broker-assisted trades. Customers have access to market data, news, and account information. The company has an alliance with ConSors (a unit of SchmidtBank) to provide access to US securities to people in Austria, France, Germany, Italy, Luxembourg, Spain, and Switzerland. To lure investors back to their computers, the firm is offering cash prizes monthly to top traders. Co-chairmen and brothers Joseph and Avi Fox together own 40% of Web Street, which is being bought by E*TRADE.
COMPETITION |
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The Charles Schwab Corporation (SCH)
E*TRADE Group, Inc. (ET)
TD Waterhouse Group, Inc. (TWE)
DEALS |
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Deal: E-Trade Acquires Web Street
Date Announced: 05.21.01
Value of transaction (US $Mil): 45
Description: Stock information and trading site acquires online brokerage in stock deal.
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STOCK ANALYSIS |
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FURTHER ANALYSIS
Advanced Charting
Deals
FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 28.10
1-Yr. Sales Growth: 14.2%
Employees: 193
Revenue per employee: $145,595.85
KEY PEOPLE |
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Joseph J. Fox
CEO
Joseph A. Barr
CFO
CONTACT INFO |
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510 Lake Cook Rd.
Deerfield, IL 60015
US
Phone: 847-444-4700
Fax: 847-267-9294
Online: Web Site
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Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
For changes and updates, contact Hoover's directly.
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