SFNB, Security First Net. Bank Message Board

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Technology Stocks : SFNB, Security First Net. Bank

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To: Michael Patrick who wrote (275)	11/12/1997 8:20:00 AM
From: Brian K Crawford	of 507

They are the leading packaged web home banking solution. They are unprofitable. They are the only solution offering a bundled approach with software, server, and customer service thru their phone center. They are getting rid of their web Bank, which will help clear the muddy waters. Profitability is well down the road, no matter how many Banks they sign. (In fact, it is possible that each bank signup has a negative short term effect on profitability). They are adding to support and conversion capacity, as they have already bitten off a large mouthful with current announced clients. They are a portential takeover candidate and would be highly interesting to a FISERV or M&I. IBM/Integrion will present intense competition as the market settles in for the long haul and standardizes around OFX and the Integrion Gold standard. *I agree with Joel Gander that we have Bankers here running a software company, and that probably won't work out in the long run. As for making money on the stock, I am on the sideline for now. I asked my Magic 8 Ball if it was a good buy, and when I turned it upside down the answer was "Answer Unclear. Ask again later". Good luck. Brian

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