DRIV (DIGITAL RIVER). Get in on internet IPO. Message Board

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Technology Stocks : DRIV (DIGITAL RIVER). Get in on internet IPO.

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To: jbkelle who wrote (3039)	5/7/2001 8:53:39 AM
From: david james	Read Replies (1) of 3198

Is anyone reading this board? Funny thing about DRIV. CEO mentioned last month that they will have $400 to $500 mill in gross revenues this year. However, for complex reasons, last summer they decided that they would start reporting only 'net' revenues (gross revenues - cost of the products sold). The company has around 80% operating margins on those net revs. Unfortunately, a lot of investors look at the net revenues of $60 mill expected this year and underestimate how much business they are doing. They also see an apparent drop in revenue from last year to this year and don't know that the apparent drop is due to the reporting switch and that they are actually growing revs at a rate of almost 100% of this year over last year. You might enjoy reading this. The MLB site alone expects $1 bill in revenues within four years. And they are one of 8000 clients. idg.net

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