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To: Glenn D. Rudolph who wrote (129654)8/4/2001 7:12:43 PM
From: H James Morris  Read Replies (1) | Respond to of 164684
 
>but NextCard can point to
its own big players, investors such as Sequoia Capital and Kleiner
Perkins Caufield & Byers. The company is growing, and NextCard's
next move may be into additional banking services. -- L.F.
Glenn, IMOP Nextcard (NXCD) is the only Amzn investment ever made that still makes business sense to me.
I got back in Nxcd several months ago at $7-$8 but its been dead money ever since.
>At San Francisco-based NextCard (NXCD: news, chart, profile), which accepts credit-card applications only through its Web site, spokesman Daniel Lemin said careful screening since the company's 1997 launch has kept consumer defaults to a minimum. He said each application passes through an instant analysis involving about 2,000 possible combinations of interest rate and credit limit before offering terms to an applicant.