E*TRADE Maximizes Efficiencies With Migration to Linux

Company Enhances Performance with IBM Servers Running Open Server

Operating System



Jan 31, 2002, 00:00 ET from E*TRADE Group, Inc.

    MENLO PARK, Calif., Jan. 31 /PRNewswire-FirstCall/ -- E*TRADE Group, Inc.
 (NYSE:   ET), today announced that it has begun migrating its entire
 architecture from a closed server platform to Linux, including IBM Intel
 servers running Linux, enabling the Company to further enhance the
 capabilities of its online financial services offering. By using open,
 standards-based architectures, E*TRADE continues its strategy of maintaining
 technology cost-efficiencies while providing a superior service experience for
 its customer households.
     With IBM Global Services assisting E*TRADE's move to the globally used
 Linux operating system, the Company will advance the performance and stability
 of its web site, while providing up to three times the user capacity of its
 current infrastructure. The migration to the Linux open standards-based
 architecture allows E*TRADE to streamline its operations while maximizing the
 convenient, value-added delivery of its array of financial products and
 services.
     "E*TRADE selected Linux because we have found that open systems and open
 standards provide an optimal marriage between the best total cost of ownership
 and the best performance. IBM has embraced open systems, linking it with their
 world-class systems and service," said Josh Levine, Chief Technology Officer
 and Managing Director, Europe, Africa and the Middle East, E*TRADE Group, Inc.
 "To further enhance our personalized and integrated solutions to meet the
 lifetime financial needs of our customer households, E*TRADE is aligning with
 the open technology movement and reinforcing its position as a global leader
 in the delivery of financial services."
     Linux is a modern operating system, using preemptive multitasking,
 protected memory, and has rich support for networking. IBM is now engaged with
 more than 2,500 Linux customers worldwide.
 
     About E*TRADE
     E*TRADE is a global leader in online personal financial services, offering
 value-added investing, banking and research features, premium customer service
 and a redundant, proprietary Stateless Architecture(R) infrastructure. In
 addition to the U.S., E*TRADE presently serves customers in Australia, Canada,
 Denmark, Germany, Hong Kong, Israel, Japan, Korea, Norway, Sweden, and the
 U.K. through branded web sites.
 
     Important Notice
     E*TRADE, the E*TRADE logo and Stateless Architecture are registered
 trademarks of E*TRADE Group, Inc. or its subsidiaries. The statements
 contained in this news release that are forward-looking are based on current
 expectations that are subject to a number of uncertainties and risks, and
 actual results may differ materially. The uncertainties and risks include, but
 are not limited to, changes in market activity, anticipated increases in the
 rate of new customer acquisition, the conversion of new visitors to the site
 to customers, seasonality, the development of new products and services, the
 enhancement of existing products and services, competitive pressures
 (including price competition), system failures, economic and political
 conditions, changes in consumer behavior and the introduction of competing
 products having technological and/or other advantages. Further information
 about these risks and uncertainties can be found in the information included
 in the annual report filed by E*TRADE Group, Inc. with the SEC on Form 10-K
 (including information under the caption "Risk Factors") and quarterly reports
 on Form 10-Q.
 
     CONTACT:  media, Connie Dotson, +1-916-858-8835, or cdotson@etrade.com, or
 investors, Robert Simmons, +1-916-859-4004, or robert.simmons@etrade.com, both
 of E*TRADE Group, Inc.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X48667021
 
 

SOURCE E*TRADE Group, Inc.
    MENLO PARK, Calif., Jan. 31 /PRNewswire-FirstCall/ -- E*TRADE Group, Inc.
 (NYSE:   ET), today announced that it has begun migrating its entire
 architecture from a closed server platform to Linux, including IBM Intel
 servers running Linux, enabling the Company to further enhance the
 capabilities of its online financial services offering. By using open,
 standards-based architectures, E*TRADE continues its strategy of maintaining
 technology cost-efficiencies while providing a superior service experience for
 its customer households.
     With IBM Global Services assisting E*TRADE's move to the globally used
 Linux operating system, the Company will advance the performance and stability
 of its web site, while providing up to three times the user capacity of its
 current infrastructure. The migration to the Linux open standards-based
 architecture allows E*TRADE to streamline its operations while maximizing the
 convenient, value-added delivery of its array of financial products and
 services.
     "E*TRADE selected Linux because we have found that open systems and open
 standards provide an optimal marriage between the best total cost of ownership
 and the best performance. IBM has embraced open systems, linking it with their
 world-class systems and service," said Josh Levine, Chief Technology Officer
 and Managing Director, Europe, Africa and the Middle East, E*TRADE Group, Inc.
 "To further enhance our personalized and integrated solutions to meet the
 lifetime financial needs of our customer households, E*TRADE is aligning with
 the open technology movement and reinforcing its position as a global leader
 in the delivery of financial services."
     Linux is a modern operating system, using preemptive multitasking,
 protected memory, and has rich support for networking. IBM is now engaged with
 more than 2,500 Linux customers worldwide.
 
     About E*TRADE
     E*TRADE is a global leader in online personal financial services, offering
 value-added investing, banking and research features, premium customer service
 and a redundant, proprietary Stateless Architecture(R) infrastructure. In
 addition to the U.S., E*TRADE presently serves customers in Australia, Canada,
 Denmark, Germany, Hong Kong, Israel, Japan, Korea, Norway, Sweden, and the
 U.K. through branded web sites.
 
     Important Notice
     E*TRADE, the E*TRADE logo and Stateless Architecture are registered
 trademarks of E*TRADE Group, Inc. or its subsidiaries. The statements
 contained in this news release that are forward-looking are based on current
 expectations that are subject to a number of uncertainties and risks, and
 actual results may differ materially. The uncertainties and risks include, but
 are not limited to, changes in market activity, anticipated increases in the
 rate of new customer acquisition, the conversion of new visitors to the site
 to customers, seasonality, the development of new products and services, the
 enhancement of existing products and services, competitive pressures
 (including price competition), system failures, economic and political
 conditions, changes in consumer behavior and the introduction of competing
 products having technological and/or other advantages. Further information
 about these risks and uncertainties can be found in the information included
 in the annual report filed by E*TRADE Group, Inc. with the SEC on Form 10-K
 (including information under the caption "Risk Factors") and quarterly reports
 on Form 10-Q.
 
     CONTACT:  media, Connie Dotson, +1-916-858-8835, or cdotson@etrade.com, or
 investors, Robert Simmons, +1-916-859-4004, or robert.simmons@etrade.com, both
 of E*TRADE Group, Inc.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X48667021
 
 SOURCE  E*TRADE Group, Inc.