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

To: Mike Milde who wrote (1417)4/12/1999 4:29:00 PM
From: Tom Klempay  Respond to of 2414
 
Another thing I read recently about NetBank is that currently only has 120 employees of which about 60 are support-type personnel. I recall hearing that they plan on adding another 30 or so people. As you can see, they are growing exponentially but don't require the extra employee overhead to fuel that growth. In the end, the bottom line ends up growing at a very rapid rate.

-tk



To: Mike Milde who wrote (1417)4/12/1999 4:43:00 PM
From: $Mogul  Read Replies (2) | Respond to of 2414
 
Yes the costs are higher but the FACT IS the BIG Banks can OFFER anything an "Internet Bank" can do, there is nothing patented, nothing that is revolutionary, I think it was a very clever idea, and it looks as if this company has just woken up the big players, look for a buyout, and Congrats to all shareholders!

Terrific run today fo NTBK today!!

$mogul


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