SFNB, Security First Net. Bank Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : SFNB, Security First Net. Bank

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Doug (Htfd,CT) who wrote (346)	3/14/1998 2:40:00 PM
From: Dale Baker	Read Replies (2) of 507

I'm also long OMKT so just relax. We are on the same side. I'm not a banker but I worked in one for a few summers. Banks have a specific set of needs - transaction processing that requires a dedicated software system unlike MS Money or Quicken. MSFT and INTU provide the USER software - SFNB will provide the HOST system. Apart from NT - which is an operating system, not an application - MSFT does not produce enterprise APPLICATIONS for financial processing. Just Excel spreadsheets. The rest is left up to BAANF, PSFT, SAP, SEBL, etc. etc. I haven't researched this thoroughly but I don't think the main enterprise software companies have focused on HOW TO GET BANKS ONTO THE INTERNET. My opinion, and it's only that, is that SFNB will either succeed on its own or - if MSFT, INTU or one of the abovementioned companies are interested - they will be bought because they have invented a better mousetrap which serves a specific niche in the market. Look at TMBS. They are the leader in construction and property management accounting software. SFNB, I hope, will become the same for banks. And trade in the high teens or better. As for OMKT, they are focused on consumer transaction processing when people buy stuff. It's a bit different from interfacing with a banking database. I'd welcome other technical opinions here because I'm not a technical type.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next