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Technology Stocks : SFNB, Security First Net. Bank

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To: Box-By-The-Riviera™ who wrote (212)8/9/1997 11:01:00 PM
From: Kevin A. Lynch   of 507
 
Joel...

I have to say I am in lockstep with SunAge, regarding his last post.

I think EBanking is here to stay, and until I can see a different company, which appears more viable I'll continue to follow SFNB.

The co. is reluctant to come off of the detailed info you would like for proprietary reasons. I know it is a small co mentality, but thats whats going on there. You should also understand that their SGA budgets are probably the equivalent of IBM's budget to buy trashbags.

They are at a critical juncture, and have indicated profitablilty in early 98. It is encouraging to hear about the Citicorp realtionship, and the reason they don't divuldge the 35 banks that have signed is the banks don't want it divuldged. No doubt, as installs cont. they will encounter duplicate problems...ie future solutions. I am interested in hearing about the competition, I don't know of any, except a few banks that have their own solutions (Wells Fargo)... We know it is unlikely banks will buy their answers from other banks.

One thing I know for sure.... Sunage is no Hartley... Thank God

Regards,

Kman
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