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To: baystock who wrote (1670)	9/6/1999 8:32:00 PM
From: Trey McAtee	Read Replies (1) \| Respond to of 2004

ram-- i used to have some growth figures, but i cant find them now. revenues from those operations grew at between 40-50YOY, if memory serves. as for percentages, management has not really discussed that too much and i know that is why some analysts have had problems issuing buy ratings. however, the potential for profits from this is extraordinary, even if its a small percentage because of that fact that you dont have to rebuild the network. think of it this way... verifone makes money because once their system is in place, its hard for a new entrant to come in and they dont have to keep replacing what they already have in place. i would think the transact % is around 2-3. it may even be scaled with provisions for up front costs and the volume of business the site will do. good luck to all, trey