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: SJS who wrote (3108)	1/18/2002 1:38:06 PM
From: david james	of 3198

Digital River Reiterated `Buy' at Prudential By Sybil Carlson Princeton, New Jersey, Jan. 17 (Bloomberg Data) -- Digital River Inc. (DRIV US) was reiterated ``buy'' by analyst Mark Rowen at Prudential Securities. The price target is $25. .... from the report Last night January 16,2002, Symantac corp reported F3Q results that were well ahead oF estimates.We believe SYMC is Driv's largest client in its software services business,and therefore,this should bode well for Digital River's fourth quarter results. Specifically,SYMC reprted that its online software sales increased 193% year over year to 19 million.( We note that DRIV records net -based revenue,not gross sales). Althought SYMC was not a Digital River client in 4Q'00 our DRIV model calls for a 76% year -over-year increase in software sales.Therefore,we believe that SYMC announcment may be a positive indicator for DRIV's fourth quarter We reiterate our buy rating and $25 price target on DRIV.

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