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Non-Tech : SWS - An undiscovered gem

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To: Wallace Rivers who wrote (5)	1/23/1999 11:25:00 AM
From: CRay33	Read Replies (1) of 504

100k transactions/day clarification: According to Mr. Bove's research report "Southwest Securities is already handling 100,000 transactions per day. As that number grows the company will emerge as a leading force on the internet." SWS has a technologically superior trading system called SIS, that is the legacy of a project taken on by several brokerage firms years ago called Comprehensive Software Systems. Most firms bailed out, but SWS pumped money and developers into it, and is now reaping the benefits. SWS gives this technology away to it's contract brokers and correspondent broker network. The sum of these channels, plus their retail channel "mydiscountbroker.com" adds up to 100k/day on the internet. In addition a low P/E, and $2.10/share earnings makes this an easy decision.

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