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Technology Stocks : SFNB, Security First Net. Bank
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To: Oeconomicus who wrote (285)12/6/1997 7:23:00 PM
From: Dan Thomas  Read Replies (1) of 507
 
R. D.,

Have you run across any posts that itemize the expense reduction
associated with selling the banking part of SFNB ?

I was trying to form an estimate on what the revenues and
expenses might be given just the S1 sales/marketing.

Seems to me that the bulk of expenses has been eliminated via
the sale, and SFNB might be ready to move back up to mid-teens.
Just a feeling for now - looking for some hard figures to backup my
theory. If correct, the 7 5/8 price offers a good buying opportunity.

Thanks.

Regards,
Dan
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