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: uthabros who wrote (3152)	4/20/2002 2:02:31 AM
From: pcyhuang	Read Replies (1) of 3198

DRIV, the leading online distributor of software We are recommending Digital River (DRIV @$4.70). DRIV provides comprehensive electronic commerce outsourcing solutions to software publishers and online retailers. DRIV derives its revenue primarily from transaction and service fees. For the fiscal year ended 12/31/01, revenues rose 85% to $57.8 million. Net loss fell 50% to $19.2 million. Among its other ecommerce customers, DRIV is the exclusive online distributor and provider of related after-sales services of Symantic suite of antivirus products. The most recent quarterly earnings of $.04 a share has exceeded expectation. We estimate DRIV to earn $.21 per share on revenue of $74 million this year and $.44/share the next year. Projecting an average earnings growth rate of 30%, we estimate DRIV's current PEG ratio to be .78x, substantially below that of its peers'. At its current valuation, DRIV is an attractive acquisition candidate. moneycentral.msn.com. Click here for detailed company report. pcyhuang huangcapital.com Huang's Investment in Special Situations

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