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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 (37907)	5/3/1999 5:11:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

TBFC.. looking good!! TeleBanc Financial Corp. Announces First-Quarter Results [expected 0.08 actual 0.12] YHOO users to be linked to their account.. seems like excellent news and earnings report. Record Deposit and Account Growth Successful Marketing Campaign Drives Continued Rapid Growth ARLINGTON, Va.--(BUSINESS WIRE)--May 3, 1999--TeleBanc Financial Corp. (Nasdaq:TBFC - news), holding company for Telebank (http://www.telebankonline.com), the leading and largest online bank providing high-value financial-service products via the Internet, announced net income of $1.7 million for the quarter ended March 31, 1999, or 12 cents diluted earnings per share, excluding a nonrecurring charge of $469,000 related to a cumulative effect of an accounting change. For the same period in 1998, the company reported net income of $274,000, or 5 cents diluted earnings per share. At March 31, 1999, total assets increased to more than $2.6 billion and total deposits surpassed $1.3 billion, representing year-over-year growth rates of 160 percent and 131.9 percent, respectively, over the $1 billion in assets and $560.6 million in deposits recorded at March 31, 1998. On April 16, 1999, TeleBanc sold 3,970,000 shares of common stock at $105 per share, raising approximately $400 million in net proceeds. The additional capital is to be used for continued growth as the company expects to double its assets and deposits in 1999. ''The exceptionally strong growth in retail deposits reflects the success of our marketing campaign and solidifies our position as the dominant Internet bank. At the end of the quarter, we were approximately five times the size of all other Internet banks combined,'' said Mitchell H. Caplan, president and chief executive officer. techstocks.com

To: Jenna who wrote (37907)	5/3/1999 5:18:00 PM
From: jjs_ynot	Respond to of 120523

I also remember the "good old days" before mass investor interest: #reply-3651255

To: Jenna who wrote (37907)	5/3/1999 6:16:00 PM
From: Adelle	Read Replies (2) \| Respond to of 120523

SWS-yes, a good hold.don't have TBFC which happens to be up in after hour trading I heard. What about TD? They have Waterhouse......

To: Jenna who wrote (37907)	5/3/1999 9:43:00 PM
From: lee kramer	Read Replies (4) \| Respond to of 120523

Adelle, Jenna and Dave; you got me reminiscing. Back in '65, '66 (it's a bit hazy) I'm a broker at a major NYSE firm. Had to HIDE my charts in my desk. They were not allowed. Big day was 2-3 million shares. Five million was an event and the tape would run 30-40 minutes late. Margin was done in the back room by Tony with pencil, paper maybe a little calculator. Gerry Tsai left Fidelity to start his Manattan Fund. The demand was overwhelming; everyone wanted in. They closed it at $25 million, a monster deal. Earnings calculated yearly, not quarterly. No such things as "earnings plays", meeting/beating expectations, whisper numbers. Yeilds baby, then earnings, pull out of stocks and into bonds when the market tanked every few months, recessions, expansions, recessions. High-tech was IBM and computers whom damn few understood but commanded lofty multiples...like the 'nets now. Ah, the good old days.