E Loan Inc -EELN Message Board

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Technology Stocks : E Loan Inc -EELN

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To: Srinivasan Balasubramanian who wrote (633)	8/24/1999 11:42:00 PM
From: stockman_scott	of 817

H & Q Really likes E-Loan's new relationship with B of A....FYI... <<...Importantly, we believe that as a result of the acquisition, E-LOAN will enjoy a closer relationship with BofA on multiple levels. Kenneth Lewis, president of BofA, is expected to join the E-LOAN board following the completion of the deal. In addition, we believe that E-LOAN will benefit from preferential pricing not only with respect to auto lending, but also in the mortgage lending space. Stay Tuned for Further Developments. We estimate that carfinance.com is currently on a $2-3 million revenue run rate. We expect greater visibility into financial model implications after the deal closes. While interest rate fluctuations remain a near-term risk in the core mortgage business, we believe the story is much bigger than that as the company expands its product breadth and geographic reach. This is a very aggressive management team who will waste no time in executing upon the opportunity to help consumers more actively manage the right hand side of the balance sheet. Online financial services represents a huge market opportunity, and we believe E-LOAN will continue to act as the consolidator in the broadly-defined lending space. We continue to rate these shares a BUY.>> -Complements of a Hambrecht & Quist Report (8/23/99)

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