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Technology Stocks : Fundtech [Nasdaq/ FNDT] (formerly FNDTF) -- Ignore unavailable to you. Want to Upgrade?

To: Claude Edelson who wrote (34)	4/27/1999 8:39:00 PM
From: pat mudge	Read Replies (2) \| Respond to of 172

The room was completely full and the presentation went full-steam until they brought up the lights and practically pushed everyone out. The value-added proposition for banks is clear. The trend to automate is increasing. Of 240 banks automating, 170 use FNDTF. Right now 230 banks are using Treasury Management Solution, and selling to their clients. Business model shifting slightly to include subscription fees. They're the only vendor with full suite of products from billing to treasury management. Business outside US growing from 20% to 33% in '99. Operating income growing 100% year to year, and expected to continue. The company's still in its quiet period surrounding their secondary, so they're not as forthcoming as they ordinarily might be. Very impressive, just the same. Pat