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To: Mark Fowler who wrote (61410)	6/9/1999 1:05:00 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 164684

You didn't ask me but I like netbank... and I was initially bearish on these banks. They had some sort of secondary offering (?) recently that knocked their price down 30% - I was getting ready to look into that. Etrade bought telebanc for a reasonable premium so there is some precedent as to what these banks are worth (in inflated internet capital). Just another centralized economies of scale story with these banks but the added kick is that the tech-savvy people will rush in with their large accounts leaving the high-maintenance customers for the traditional banks who are stuck because the local governments won't let them close their branches.