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

To: Thomas Murphy who wrote (64)	3/10/1998 1:24:00 AM
From: Marathon	Read Replies (1) \| Respond to of 2414

Here's the portion of text mentioning NTBK of a favorable article on the MS Investor site this past January. (couldn't post the link cuz MS Investor always links to the start page. For those die hards go to MS Investor site, Archives, List Articles by date, and 1/29/98 article on Micro Caps for full text.) "Based on those factors, fund manager Dave Evans recommends Net.B@nk (NTBK), which recently traded at $12 a share -- right around its July 1997 initial-public-offering price. The firm offers a full array of banking services over any Internet terminal. Since it has no branches to maintain, operating costs are low. That allows the bank, which boasts a debt-free balance sheet, to offer depositors extremely competitive interest rates -- recently 3% to 4% on checking accounts and 5.5% on money market accounts -- and provide borrowers with cheap loans. That should support revenue growth of at least 20% annually over the next five years, says Evans. Competition shouldn't pose major obstacles to that growth. Even if established banks launch their own Internet operations, they can't match those rates without infuriating existing customers. Meanwhile, Net.B@nk's early leadership should help it strengthen its competitive position by generating name recognition among potential customers. Evans figures the firm's cash flow will turn positive in the current quarter; he expects earnings to hit 35 cents per share in 1998, and then triple to around $1 a share in 1999 as Internet banking catches on. "