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Technology Stocks : Mortgage.com, Inc- (Nasdaq: MDCM) -- Ignore unavailable to you. Want to Upgrade?

To: byhiselo who wrote (247)	9/3/1999 12:23:00 AM
From: Junkyardawg	Read Replies (1) \| Respond to of 516

Do yawl think this will have any effect on MDCM at all? 11:54 PM 09/02/99 EELN September 02, 1999 08:09 Sutro & Co. Starts Coverage On E-Loan With Hold Rating (EELN) Jump to first matched term (NewsTraders.com)-- Sutro Co. analysts Arthur Bender and Richard Eckert today initiated coverage on online mortgage broker and banker E-Loan (EELN) with a "hold" rating. The Dublin, Calif.-based company connects consumers who want residential loans, and now car loans, with sources of capital. The analysts believe that there are currently too many regulatory and technical objectives -- such as electronic formatting, storage, and transmission of borrower and property information, as well as acceptance of digital signatures -- which must be attained to make loans via the Internet appeal to the broad consumer channel. "We believe that at the current time, due to these constraints, migration to the Internet will be slow and further that there is insufficient cost advantage to originating a loan over the web as opposed to a conventional channel," Bender and Eckert said in a research note to clients. They see the company posting fiscal 2000 and 2001 per-share losses of $1.26 and $1.00, respectively. Shares of E-Loan popped $4.56 to $33.06 in yesterday's trading session.