Fidelity Investments Announces Q1 2000 Online Retail Business Results and Continues Leadership in Wireless Investing Through New Alliances/Offerings.Business/Technology Editors BOSTON--(BUSINESS WIRE)--April 19, 2000 Sprint PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. to feature Fidelity InstantBroker(SM) via wireless Web phone, Inflightonline.com to feature fidelity.com content via airline Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the service Fidelity Investments Fidelity Investments is a group of privately held companies in the financial services industry. It is made up by two independent but closely cooperating companies, Fidelity Management and Research Corporation (FMR Co. (R) today announced Q1 2000 results for its online retail business, reaching 4.22 million retail online accounts, up 22 percent from Q4 1999, and $328.3 billion in online assets, up 22 percent over the previous quarter. The company also continues its leadership in wireless investing, announcing a 104 percent increase in InstantBroker(SM)(1) accounts over the previous quarter and the formation of new alliances with Sprint PCS (NYSE NYSE See: New York Stock Exchange : PCS) to deliver its InstantBroker wireless trading technology - the first of its kind - to investors via wireless Web phones and with Inflightonline.com to provide fidelity.com content -- financial quotes, planning tools and product information -- via airline in-flight in-flight adj. 1. Occurring, carried out, or present while in flight: in-flight refueling. 2. Provided or offered during a flight: in-flight meals. service. "Our Q1 business results and the continued expansion of our wireless business demonstrate Fidelity's commitment to deliver the best technology, products and services to our customers via the Web, telephone, in-person adj. 1. undertaken by an individual in person; as, an in-person appearance s>. Adj. 1. in-person - an appearance carried out personally in someone else's physical presence; "he carried out the negotiations in person"; "a and through state-of-the-art wireless devices and mobile commerce services," said Tracey Tracey is a new MMORPG by popular game company Upston. Tracey revolves around a character creating a large building in a 3-d environment. The game has just been released into closed beta and will be in closed beta for an undetermined amount of time. Curvey Adj. 1. curvey - having curves; "a settee with only one curvy end" curvy curved, curving - having or marked by a curve or smoothly rounded bend; "the curved tusks of a walrus"; "his curved lips suggested a smile but his eyes were hard" , executive vice president, Fidelity Online Brokerage. "Wireless investing is an integral component of our overall 2000 online brokerage business strategy. We are pleased to join forces with industry leaders like Sprint PCS and Inflightonline.com to deliver the InstantBroker service and Fidelity's online offerings to our most active and involved investors." The Evolution of Wireless Sprint PCS, the nation's largest all-digital, all-PCS nationwide wireless network, will soon begin delivering Fidelity's InstantBroker trading and personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. information service to investors via the Sprint PCS Wireless Web. As well, Inflightonline.com, the world's first provider of in-flight Internet and Intranet services, will team with Fidelity this fall to provide airline passengers access to fidelity.com content while they are in the air. "Fidelity is expanding what 'wireless' means to today's investors," said Joseph G. Ferra, senior vice president, Fidelity Online Brokerage. "Our goals in 2000 are to continue to increase and enhance functionality to provide superior content and features, establish alliances with industry leaders and provide investors access to their investments across the broadest array of wireless and mobile commerce devices and services." Fidelity will be featured on the Sprint PCS Wireless Web Home page - the phone's start page to the Sprint PCS Wireless Web. Fidelity customers can access their accounts, watch lists, market indices, stock quotes and other financial information, as well as place trades from the minibrowser on any Web-enabled phone supported by the Sprint PCS network. Fidelity's most active brokerage customers can now pay as little as $14 to place eligible online stock trades through wireless devices, including Sprint PCS Wireless Web phones, using InstantBroker technology(2). "As the nation's largest all-digital wireless network, we are excited to work with Fidelity, a premiere provider of wireless investing services, to offer market data and financial resources to all of our customers via the Sprint PCS Wireless Web," said Andrew Sukawaty, Sprint PCS president. "This alliance advances our strategy to enable consumers and businesses to access the information they need, when they need it." Later this year, Fidelity plans to participate in Inflightonline.com's pilot to launch its new service, which will enable airline passengers with portable personal computers to link via the airline's in-flight phone connection to Fidelity online resources at a fraction of the cost of typical air phone connections. "Fidelity's wealth of online investing information will be a valuable part of our revolutionary service for air travelers," said Bob Iversen, chairman and chief executive officer of Inflightonline.com. "By teaming with Fidelity, we will be able to provide today's travelers with new access to investing information to make productive use of their time while in flight."
FIDELITY INVESTMENTS(R) RETAIL BUSINESS HIGHLIGHTS
Q1 2000 Q4 1999
Number of retail accounts 11.260 million 10.868 million
Number of online accounts 4.220 million 3.466 million
Assets held in retail accounts $581.3 billion $533.6 billion
Assets held in online accounts $328.3 billion $269.2 billion
Average daily online trading volume 156,583 92,354
Total average daily trades 238,312 148,487
Percentage of all equity trades made online 84.7% 81.0%
Average daily commissionable trades
made online 119,241 74,870
Percentage of all mutual fund trades
made online 38.6% 31.0%
Average daily mutual fund trades
made online 37,324 17,470
InstantBroker accounts 56,227 27,566
Public offerings distributed 25 16
About Fidelity Investments Fidelity Brokerage Services, Inc. offers its customers access to a full range of securities, IPOs and other public offerings for eligible brokerage customers; FundsNetwork(R) with more than 4,100 mutual funds; substantial commission savings; low margin rates; access to extensive independent research; a variety of cash management services for qualifying accounts and consolidated statement reporting. Fidelity Investments is the nation's largest mutual fund company and a leading provider of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . Fidelity offers investment management, retirement, brokerage and shareholder services directly to individuals and institutions, and through financial intermediaries Financial intermediaries institution that provide the market function of matching borrowers and lenders or traders. . The firm also is the No. 1 provider of 401(k) retirement savings plans Noun 1. retirement savings plan - a plan for setting aside money to be spent after retirement pension account, pension plan, retirement account, retirement plan, retirement program, retirement savings account , the second largest discount brokerage firm discount brokerage firm A brokerage firm that discounts commissions for individuals to trade securities. Most discount brokerage firms offer limited advice but reduce their fees by 50% or more compared with full-service brokerage firms. and the third largest provider of 403(b) retirement plans for not-for-profit Not-for-profit An organization established for charitable, humanitarian, or educational purposes that is exempt from some taxes and in which no one in profits or losses. institutions in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . As of March 31, 2000, Fidelity had total managed assets of $995.8 billion. About Sprint PCS Sprint PCS operates the largest 100 percent digital, 100 percent PCS nationwide wireless network in the United States, already serving the majority of the nation's metropolitan areas including more than 4,000 cities and communities across the country. Sprint PCS has licensed coverage of nearly 270 million people in all 50 states, Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. and the U.S. Virgin Islands. For more information, visit the Sprint PCS Web site at http://www.sprintpcs.com. Sprint PCS is a wholly owned tracking group of Sprint Corporation trading on the NYSE under the symbol PCS. Sprint is a global communications company Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. at the forefront in integrating long distance, local and wireless communication services and one of the world's largest carriers of Internet traffic Internet traffic is the flow of data around the Internet. It includes web traffic, which is the amount of that data that is related to the World Wide Web, along with the traffic from other major uses of the Internet, such as electronic mail and peer-to-peer networks. . Sprint built and operates the United States' only nationwide, all-digital, fiber optic network and is a leader in advanced data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. services. Sprint has $20 billion in annual revenues and serves more than 20 million business and residential customers. About Inflightonline.com Inflightonline.com is leading the way to provide in-flight intranet and Internet services. Inflightonline.com is strategically aligned with key partners, such as Lycos and Xcelerate to provide full-service content including e-mail capability, hotel/flight reservation services, audio/video services, in-flight shopping, as well as news, weather, sports, financial information and a large assortment assortment /as·sort·ment/ (ah-sort´ment) the random distribution of nonhomologous chromosomes to daughter cells in metaphase of the first meiotic division. as·sort·ment n. of reference/research material. The system will be able to carry over one million web pages. The ground-based site is scheduled to be operational in the second quarter of 2000, with commercial aircraft installations scheduled for later this year. Fidelity Brokerage Services, Inc. Member NYSE, SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. . For more complete information, including charges and expenses on any fund available through Fidelity, call or write for a free prospectus. Read it carefully before you invest or send money. 102024 (1) Response time may be delayed by market volatility, volume or system capacity. Visit www.fidelity.com for complete details. (2) $14 for eligible online stock trades up to 1,000 shares in qualifying accounts (more than 240 trades in a single account in a rolling 12 month period). Wireless trading may require certain wireless services. See fidelity.com for complete details. |
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