SFNB, Security First Net. Bank Message Board

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Technology Stocks : SFNB, Security First Net. Bank

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To: Kevin A. Lynch who wrote (216)	8/12/1997 9:18:00 AM
From: Box-By-The-Riviera™	of 507

Hi kman... they reported losses again.... but declining losses, increased software sales offset by expenses....the bank itself lost money..which was interesting. and of course....the pitch on how many banks have "signed up".....but no mention of revenue streams from processing or future projections of "any kind"..... they must have heard about the level of discontent....since they went out of their way this time in the press release to reiterate the warnings they issued in the prospectus prior to the IPO.... they are starting to write their press releases as though they had attorneys read them first... bank deposits declined....but they lost a whole bunch of small banking customers when they installed new fees last qtr..... sort of getting rid of the dead wood which was costing them. they lost .77 per share for the qtr compared to 1.13 last year...and -1.48 for the half year vs. 1.69 a year ago. later Joel

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