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Non-Tech : Sovereign Bancorp ( SVRN ) -- Ignore unavailable to you. Want to Upgrade?

To: Triffin who wrote (48)4/13/1999 5:11:00 PM
From: KHS  Read Replies (1) | Respond to of 143
 
That is bold to say. My bet is on these guys. They know how to execute and grow a business. I have known them for a long time and many of the players inside the business.

I-Net will be a separate unit. They have plenty of capital. They have strong institutional support. They have great name brand throughout PA and NJ.

They have a jockey (CEO) that is the best in the land.

They have strong internal infrastructure and have proved it.

They will eat these small float i-net banks alive.

I suggest be cautious with these other I-NET banks.

IMO!!!!!



To: Triffin who wrote (48)4/13/1999 5:47:00 PM
From: LTK007  Read Replies (1) | Respond to of 143
 
Triffin regards the net banks that are flying and I missed,one of them today smacks of a major rip-off.This Florida Bank,FLBK announces it is going to be exclusively internet banking and immediatly it is off to the races,so I look it up,and it is a nothing bank with only 4 employees.I guess it has become totally meaningless to look at things like that--but I feel a lot of people who bought that one and held are going to hurt.Max90


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