Anyone following ITRA?
Thom Calandra mentioned ITRA with DRIV.
In light of DRIV success, it might be worth following.
Bought few shares today at under a buck.
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cbs.marketwatch.com
Two of the largest gainers, Digital River (DRIV: news, chart, profile) and SportsLine.com (SPLN: news, chart, profile), owe most of their revenue to Internet delivery of content or software.
Digital River and SportsLine.com were two of the three stock choices made in this StockWatch column in late July. (See the Thom Calandra's StockWatch column.) Digital River, a Minneapolis provider of Web-based commerce services, is benefiting from an acquisitive chief executive, Joel Ronning. The shares have gained 180 percent since Aug. 6. See more on Digital River.
Digital River's story may be a model for investors willing to play the lottery-ticket game. In this case, Digital River's drive toward consistent quarterly profits comes at Ronning's determined hands. A former direct-sales executive, Ronning says he'll be darned if a larger Internet company scoops his operation up for the pennies it was trading for this summer.
Digital River's success, with a market cap ballooning to $340 million from $120 million in several months, may bode well for other Internet companies that deliver software applications or commerce engines. One such company, tiny Intraware (ITRA: news, chart, profile), is narrowing operating losses substantially, Chief Executive Peter Jackson says.
Intraware's current quarter ends Nov. 30. The California company could achieve yearly sales of $50 million or more, with February being a cash-flow positive date. Yet Intraware's stock at 65 cents or so gives the company a market capitalization of less than $20 million. |
