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Technology Stocks : SFNB, Security First Net. Bank

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To: Dale Baker who wrote (341)3/11/1998 9:53:00 PM
From: Doug (Htfd,CT)  Read Replies (1) of 507
 
Dale, about competitors, I'd be interested to learn why INTU and OMKT aren't in a position to provide banks with the 'turn-key' Net backoffice that I perceive Security First Technologies to be developing and selling to banks.

INTU certainly dominates the 'retail' end, with Quicken and TurboTax and now Quicken InsureMarket, Quicken Mortgage and the new TurboTax online service. They work closely with many banks. Why are they not in a position to deliver the bank-end product?

OMKT also is heavy into developing back-office Ecommerce technologies, and has major customers among entities like AT&T, as well as recently granted patents on certain industrial-strength software systems for back-office Ecommerce. Would they be in a position to compete with SFNB.

And, of course ... MSFT. But MSFT earned the enmity of the banks a few years ago when it signaled it planned to replace them ... hasn't been able to cash a check since (kidding).

Anyone have views on these as potential creditors for SFNB?

Doug (no position in SFNB or INTU or MSFT ... long OMKT)
Net Nuggets at dougsimpson.com
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