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Non-Tech : NetBank(NTBK)-formerly Atlanta Internet Bank

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To: VALUESPEC who wrote (2063)7/9/1999 10:36:00 AM
From: mark garner  Read Replies (1) of 2414
 
". It could take years for smaller start-ups to get that many accounts. It will cost many millions or hundreds of millions of dollars in profits for the larger institutions to implement a full-scale, low fee, high interest, internet banking website."

i doubt it. what about the possibility of a
the likes of a national bank spinning off
a separately run internet only subsidiary? do you think
that they will sit around and watch the likes
of Net@Bank dominate this area?

how many brick and mortar banking customers are
aware of a Net@Bank? i would have never heard of
it if i wasnt an investor and i am not interested
whatsoever.

what about the competition from Etrade/Telebanc??
Etrade has a huge audience to offer banking services
to and i would suspect that this offers them a
significant competitive advantage.
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