S1: Doing Business in a Dot Com Depression, -V1 Message Board

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Technology Stocks : S1: Doing Business in a Dot Com Depression, -V1

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To: Doug (Htfd,CT) who wrote (709)	1/26/2000 7:54:00 AM
From: Charlie Smith	Read Replies (1) of 1013

Doug: The two issues are different. I'm saying that the track record thus far of e-banking in terms of the rate of consumer adoption leaves much to be desired, partly because bankers have generally been slow on the switch. That may change going forward, but I would not be willing to pay nearly 50 times revenues for a chance to see how rapidly it plays out. Online brokerage offered several clear advantages over "full service" trading (number one was price) which are not nearly as obvious to the typical consumer of online banking. Time saved in the bill payment process, for example, does not offer nearly the tangible benefits of an 80 percent savings on (generally winning-in a bull market) stock trades. Furthermore, the potential primary consumer of on-line banking services in many households is female. To date, women have not generally taken to the web as rapidly as men, though there are signs this is changing. Security issues are also a huge detriment to adoption of on-line banking by the masses. Charlie

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