News from the trenches

[James Baird]

As some of you know, I am currently doing some contract work for Schwab 
in San Francisco.  I have been interested, in the past few days, to read 
the companywide emails the CEO has been putting out.  It seems that the 
trading volume for the first few weeks of 1999 have been completly 
unprecendented.  Schwab has been completly swamped - they are now being 
forced to accelerate an upgrade to their mainframe trading systems, and 
its redeploying people to man the phones in it's call centers.  This is 
a pretty up-to-the-minute, tech-savvy place, but apparently no one saw 
this much coming this fast.

Could this be yet another sign of a bursting bubble?

Jim Baird

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