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Non-Tech : NetBank(NTBK)-formerly Atlanta Internet Bank -- Ignore unavailable to you. Want to Upgrade?

To: Mama Bear who wrote (1966)	6/17/1999 11:32:00 AM
From: Bruce A. Thompson	Respond to of 2414

Barb, That demographic does not have to be sustainable. It only has to be the #1 class of account holders during startup. As time goes by, the biggest fish will rule the pond and set the rules. BT

To: Mama Bear who wrote (1966)	6/17/1999 11:44:00 PM
From: Secret_Agent_Man	Read Replies (2) \| Respond to of 2414

Demographics> "because people with higher than average incomes are more likely to own computers. IMO, that demographic is unsustainable." MamaBear-Barb, That type of thinking imo is antiquated, PC's have only gotten cheaper and will continue to do so in the forseeable future...In general the world envisioned by AOL/MSFT/INTC/ORCL etc. is one where PC's and e-Devices, run the world...that is the future should we live to see it... I'll grant you that it may be pre-mature, but sighting only "people with large amounts of money"{paraphrased} will have Computers, well that is naive and I have more respect for you than to believe that you actually believe that axiom. cheers

To: Mama Bear who wrote (1966)	6/18/1999 1:03:00 PM
From: VALUESPEC	Read Replies (1) \| Respond to of 2414

<<Internet savvy people are more likely to have higher than average incomes because people with higher than average incomes are more likely to own computers. IMO, that demographic is unsustainable.>> Mama, I agree with that statement. However, the fact is that the demographics are STILL in favor of the higher income person using the internet. One day, almost everyone will have home access to the internet (either TV will become more computer-like, or the computer will become more TV-like), and I believe, that a change like that will really favor internet banks, and will make those who were slow to change go the way of the dinosaur. The banks that will servive, IMO, will be those who adapt to their new, more efficient rivals. For instance, what is the cost of having a branch office in a supermarket? Does it cost much less than a corner, stand-alone building? It probably does. That seems like a great stategey- one which I know Mellon Bank is pursuing (although I I have found some of the branch offices inadequately trained). Maybe one day we will have bank-in-a-kiosk! Perhaps that sounds unbelievable now, but one day will might be wondering whey we didn't think of it (actually, I guess I just did!). Maybe one day it will only be Ameritrade, Wells Fargo, NetBank, Mellon Bank, and "Kiosk Bank" competing for our financial business! Assuming NetBank isn't bought out before that. NTBK: ~$31 VALUESPEC