BANKS SIGN ON AT S1

摘要

Some savvy pros have high hopes for Internet banking: They have been accumulating shares of S1 Corp. (SONE), the leading provider of technology solutions that enable financial institutions to offer online banking services. S1, formerly called Security First Technologies, has developed software systems that let companies create their own Internet financial portals, or to outsource them to S1's data center. "S1 dominates this niche business so well that we bought more shares when the stock slipped recently," says Jerry Apo-daca of Apodaca Investment Group in San Francisco. The stock, trading at 25 last summer, rocketed to 129 on Feb. 11, then slumped to 96 on Feb. 28.