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Microcap & Penny Stocks : Tech Squared (TSQD)- Internet Commerce

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To: M. Frank Greiffenstein who wrote (644)	7/17/1998 7:35:00 PM
From: Kimberly Lee	Read Replies (2) of 2752

The week of Aug 10-14 sounds perfectly reasonable. DRIV filed its first S-1/A on 7/15/98, just two days ago. fe.freeedgar.com IPOmaven also gives 8/12/98 as the expected IPO date, entirely consistent with the afore-mentioned "rumor". ipomaven.com Moreover, I just examine the pre-IPO document filing chronology of Broadcast.com and Actuate Software, the two sizzling IPOs today. Both Broadcast.com and Actuate filed their respective 1st S-1/A on June 23, 98, and they successfully carry out the IPOs 3 to 4 weeks later (today). Applying that chronology to Digital River, adding 3 to 4 weeks to the date (7/15/98) Digital River filed the 1st S-1/A, we can safely conclude that the week of Aug 10-14 appears to be entirely logical. fe.freeedgar.com fe.freeedgar.com BT Alex Brown, BamcAmerica Robbie Stephens and Bear Stearns are the 3 underwriters of this endeavor. It would, of course, only be prudent that we confirm with them as to the exact IPO date/week. As well, giving Joel Ronning and Robert Strawman a phone call or two certainly would not hurt either. Kimberly

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