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

To: Elsewhere who wrote (1246)	3/3/1999 3:50:00 PM
From: Mr. Miller	Read Replies (1) \| Respond to of 2414

Found some information worth posting about NTBK. Nightly Business Report, Wednesday, February 17, 1999 at 20:50 SUSIE GHARIB: The stocks on online brokers are hot and now investors are also warming up to online banking stocks. And here to tell us more is Joe Giannone. He is banking reporter at BridgeNews. Hi, Joe. Let's first just clarify for our viewers what we mean by online banking. We're talking here about people who at home can log onto their computer and withdraw money, transfer funds, write their bill, check on things. JOE GIANNONE, SR. BANKING CORRESPONDENT, BRIDGENEWS: You can do anything you can do at the local branch on your computer at home and increasingly through the Internet. GHARIB: How many people are really doing this? GIANNONE: At this stage, they would be negligible numbers. You think about the 20 million, 40 million people who are actively online and only a small percentage are actually moving money through the Internet. GHARIB: But the people you're talking to are saying that this could really become a big market. GIANNONE: For stocks investors, there's a few, not many right now, but these online banks, like the online brokers, like an E*TRADE (NASDAQ:EGRP), that they just take deposits and make loans like a normal bank. GHARIB: Let's go over. You singled out two stocks and we have graphs on both of them. And both of them have done remarkably well. There is NETB@ANK (NASDAQ:NTBK), which 12 months ago was at $20 a share. Look at it. It's 17 on this graph. Up to $42. What's the story here, Joe? GIANNONE: Well, this is a small Atlanta-based company. It's been around for a couple of years. And following the recovery of the general market towards the end of last year, really caught the wave with the rest of the Internet stocks. So I think that any company with a net or an at symbol certainly benefited. And in this case, they were one of the few Internet companies actually making money. GHARIB: All right, quickly. Let's look at the next one, TeleBanc Financial (NASDAQ:TBFC). It's gone from 10 to $45 a share. GIANNONE: Another example. You see it was flat for many, for a long while there, and then they discovered, well let's put an at symbol in our name and go Internet and you can see the result. GHARIB: Real quickly. We just have a few seconds. Some the big money center banks are also pushing in this area. Are we going to see more action from them, from the big guys? GIANNONE: I think you're going to see that more banks are going to try to find ways to use the Internet to do other kinds of business because it's cheaper and they can do more things. GHARIB: All right. Thanks for filling us in tonight. Appreciate it. We've been speaking with Joe Giannone of BridgeNews. Nightly Business Report transcripts are available on-line post-broadcast. The program is transcribed by FDCH. Updates may be posted at a later date. The views of our guests and commentators are their own and do not necessarily represent the views of Community Television Foundation of South Florida, Inc. Nightly Business Report, or WPBT. Information presented on Nightly Business Report is not and should not be considered as investment advice.