Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : S1: Doing Business in a Dot Com Depression, -V1 -- Ignore unavailable to you. Want to Upgrade?

To: Doug (Htfd,CT) who wrote (709)	1/26/2000 7:28:00 AM
From: Box-By-The-Riviera™	Respond to of 1013

I think he is missing the larger picture....which is to say, S1 is not limited to the american banking/insurance market...(btw: he referenced only banking)...S1 is working in a world market in a broad category set from consumer banking, credit cards, insurance, brokerage, customer suppor, wireless, and corporate transactions with a great possibility set for expansion to categories which are not purely financial in addition to Vertical One. He also doesn't see the partnership relationships and how those will lend to success earlier rather than later. S1 is not JUST about giving people an electronic check book. J

To: Doug (Htfd,CT) who wrote (709)	1/26/2000 7:54:00 AM
From: Charlie Smith	Read Replies (1) \| Respond to of 1013

Doug: The two issues are different. I'm saying that the track record thus far of e-banking in terms of the rate of consumer adoption leaves much to be desired, partly because bankers have generally been slow on the switch. That may change going forward, but I would not be willing to pay nearly 50 times revenues for a chance to see how rapidly it plays out. Online brokerage offered several clear advantages over "full service" trading (number one was price) which are not nearly as obvious to the typical consumer of online banking. Time saved in the bill payment process, for example, does not offer nearly the tangible benefits of an 80 percent savings on (generally winning-in a bull market) stock trades. Furthermore, the potential primary consumer of on-line banking services in many households is female. To date, women have not generally taken to the web as rapidly as men, though there are signs this is changing. Security issues are also a huge detriment to adoption of on-line banking by the masses. Charlie