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: david james who wrote (3140)	4/1/2002 7:41:05 AM
From: SJS	Read Replies (1) of 3198

It sounds like they didn't want to the two issues in 1 release, and/or the ink wasn't perfectly dry yet on the Beyond deal on Friday morning when the earnings warning came out. This means they had to do 2 releases, or they decided to show the "rock" bottom earnings levels in the first one, and then, with a small olive branch (very small), show that they're trying to get the earnings back up with future accretive acquisitions. I am concerned that ORGANIC GROWTH is not center stage. EBIZ is off, and I wonder if we're watching an acquisition oriented earnings strategy trying to work, and failing. If that's true, I don't think that's where I want to be for this company. To me, Red Friday for DRIV signaled management's inability to accurately forecast the business just 8 weeks after they said that "everything looks great, 2002 is DRIV's year". Knowing how ligtigation is in vogue, a class action suit will be a result of this. Executing on the shelf registration is pretty much a non-issue now, wouldn't ya think? SJS

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