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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (12491)	8/4/1998 12:57:00 PM
From: Jenna	Read Replies (3) \| Respond to of 120523

e-mail..BVSN+ SFNB .. I've very bullish on this relationship asked about "puts" on CSCO and AOL. I wouldn't dare not yet. BVSN:Year end 1998 P/E ratio for $15/share - 15/$.13 = 115 P/E Year end 1999 P/E ratio for $15/share - 15/$.42 = 36 P/E The five year growth rate is estimated to be 50%. The forward PEG (price earnings to growth)for 1999 is.72. Fair Value for end of 1999 is $21/share. This was reprinted with permission from the SFNB message board [ed. comments: let me remind you this is just the *opinion* of a poster although I happen to be a proponent of the merger myself and agree with his post] Do your own DD. I am not 'hyping' these stocks, I truly like them. On yahoo.BVSN's planned alliance with SFNB (soon to be SONE) is a wonderful venture. As was already articulated by 'pdubs' on the SFNB yahoo message board, BVSN's one-to-one relationship management software and S1's three-tiered fat-server backbone provide for incredible opportunity in the financial services arena and beyond ("Like a good neighbor" just poured $10M into S1's coffers to develop consumer interface and claims processing applications, or the impending industry standards, for the insurance industry). Both companies' client lists are impressive (SFNB's clients include Wachovia, RBC, Citibank, etc.). SFNB will have beaten their earnings estimates for the nth consecutive time when the report arrives on 8/11. Finally, SFNB has so much technical and management talent, that with their cash rich situation (they could keep losing money for 7 quarters and still stay in business), the company is bound for greatness. Combination with BVSN virtually assures this. As a point of history, this community should be aware that Security First Network Bank was launched as the world's first internet bank about three years ago. To augment their in-house technical staff, SFNB acquired Solutions By Design (SBD) a hot, Atlanta-based technology development firm consisting of some sick ex-Andersen Consulting talent. SFNB effectively ran as three separate entities within one holding: 1. Online banking operations (SFNB.com) 2. Product development (Security First Technologies, Inc.) 3. Professional Services, including product implementation and transaction support in the S1 data center Realizing they were making more jack developing and selling product, SFNB sold the banking operations to a US subsidiary of the Royal Bank of Canada for effectively $3M. This has freed the company (Security First Technologies) to focus purely on the design, implementation and support of their growing application line. In August or September, SFNB will actually change its ticker symbol to SONE (think S-1) to reflect this move. On behalf of the initmate community on the yahoo S1 message board following this company, I can tell you we're unequivocally thrilled with the BroadVision alliance. We love the management of S1 and given their past success and alliance with BroadVision, world domination is only months away. PS: Check out www.s1.com for a breakdown on the company's product offerings. I'd also read through the last 100 yahoo message board postings