Novell (NOVL) dirt cheap, good buy? Message Board

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Technology Stocks : Novell (NOVL) dirt cheap, good buy?

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To: Paul Fiondella who wrote (25131)	1/25/1999 11:26:00 AM
From: E_K_S	Read Replies (2) of 42771

Paul - There would also be a significant amount of liability associated with maintaining the "vault". If my information gets compromised, who do I sue? I want to keep my information myself or at least the "key" and then dissemination of "MY" information falls back on to me and my liability. The billing and money collection function for e-commerce will be huge too! It was stated in one of the trade rags that invoice billing utilizing the Internet could save companies $3-$4 Billion in postage expenses. 90% of my monthly bills are now paid directly by my bank and I can view the transaction history of each of these transactions in real time. I utilize Charles Schwab and their debit card for this. I save on postage, hassel of writing out checks and can track the transactions through my Schwab account (and even down load charges into my Quicken software) all at no additional charge. It's part of the service I expect from my Broker/Bank. Therefore, I would expect any type of e-commerce transaction could be accomplished with the appropriate security controls with the ease I now process my bills. The only thing different is (1) my bank maintains my personal information or whom I have authorized to have it (2) my bank assumes the liability for transactions that are not valid or fraudulent and (3) my bank represents my interest only and has the authority to reverse charges if a transaction is not correct. In order for such a billing and security system to work you almost need an Internet electronic funds clearing system similar to what is now done with checks and credit cards. Novell could indeed play a big role in this function but you would need several large banks and perhaps over sight from the Fed.. The latter institutions do not know what Internet time is. EKS

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