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Non-Tech : NetBank(NTBK)-formerly Atlanta Internet Bank
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To: Bruce A. Thompson who wrote (2071)7/9/1999 1:57:00 PM
From: mark garner  Read Replies (3) of 2414
 
my point is that if a customer is looking
for a "no frills" account where they can get
a higher CD rate or whatever...that a brick
and mortar bank would rather point them to
their own subsidiary where they have limited
services as opposed to losing them to a
Net@Bank. sure, it may be cannibalizing but
its not losing the customer. IMO, this is
where a brick and mortar has the competitive
advantage of already having the customer
base. as i said before, i also think Etrade
has a competitive advantage.

now, its not that i do not like NTBK. i have
traded it. i just think Valuespec hypes a
little too much and is not very realistic when
he proclaims a stock price over $2000!!
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