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Technology Stocks : DRIV (DIGITAL RIVER). Get in on internet IPO.

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To: M. Frank Greiffenstein who wrote (4)8/12/1998 3:26:00 PM
From: RikRichter  Read Replies (4) of 3198
 
Doc,

On the market cap and PSR issues for recent Internet IPO's:

DRIV: $200 Million MV; Annualized Sales: $11.4 Million; PSR: 17.5x

GCTY: $1.5 Billion MV; Annualized Sales: $11.0 Million; PSR:136.4x

BCST: $1.0 Billion MV; Annualized Sales: $12.8 Million: PSR: 78.1x

INKT: $1.3 Billion MV; Annualized Sales: $11.8 Million; PSR:110.2x

This information is based on current market caps and the latest annualized three months or six months revenues where available. And BCST is presently 35% below its peak stock price while INKT is 28% below its peak.

DRIV is presently of comparable size in terms of revenues but trading at a far smaller multiple than GCTY, BCST and INKT.

In addition, compare DRIV's 1997 revenues of $2.5 million to the others (GCTY: $4.6 million, BCST: $6.9 million and INKT: $5.8 million) and you will see which company has the highest rate of revenue growth thus far in 1998:

DRIV: +356%
GCTY: +139%
BCST: +86%
INKT: +103%

I see plenty of upside potential for DRIV (the tollkeeper!).

Regards.

Elliot
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