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

To: AugustWest who wrote (2400)	6/21/2000 6:33:00 PM
From: Elsewhere	Respond to of 2414

NetBank Reaches Its 100,000th Active Account High Yields, Low Fees and Superior Customer Service Drive Success of Leading Internet Bank Tuesday June 20, 1:36 pm Eastern Time biz.yahoo.com My congratulations to the Net.B@nk team for this achievement. Three years ago, on July 8, 1997, there were 2680 customers according to the 424B4, now nearly 40x as many. The macro conditions (rising rates, rising inflation) aren't favorable for banks currently and Net companies have lost a lot of their luster so the stock is far off from the alltime high but the number of customers keeps on growing steadily and that's what will count in the long run. And for the record: NTBK currently trades at 1.5 book - AMZN at 630. Yes, this is comparing an apple to a lemon but still it is an indication that NTBK trades much closer to the bottom of its fair valuation than AMZN.