NextCard, Inc. (NXCD) Message Board

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Technology Stocks : NextCard, Inc. (NXCD)

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To: DD™ who started this subject	11/13/2001 12:54:22 AM
From: Buckey	Read Replies (1) of 192

Update on NXCD being for sale - two articles about Metris (MXT-NY) being the pursuer - One was a not last week on the 8th which would explain the pop on open to 80 on open last Thursday. I think this is from a not afterhours today Exactly as predicted: "We are taking a look at NextCard," David Wesselink, a vice chairman at Metris, said Wednesday at the U.S. Bancorp Piper Jaffray Financial Services Conference. Mr. Wesselink said Metris, which specializes in subprime lending, is "taking a wait-and-see attitude toward Providian" but he would not rule out a bid for the company. NextCard far more saleable here than Providian. NextCard is very attractive in its online niche and technology. Clearly the venue of the future. The strategic benefit to the acquisitor in this regard can not be ignored. While any possible problem is minimized by the small size. Buying Providian here is strictly portfolio acquisition. One that is very unclear at the moment. A mistake here and the indigestion could prove fatal to the swallower. Mr. Wesselink's statement clearly echoes the above analysis.

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