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

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To: M. Frank Greiffenstein who wrote (304)11/16/1998 4:23:00 PM
From: C. McD  Read Replies (2) of 3198
 
Cash decreased by unexpected Cam Designs loss of ~$270,000, but

Without the Cam Designs loss, the EPS was (0.065), up from (0.11) just last Q. Its possible TSQD could return to profitability by Q1 1999, especially if X-mass goes well.

They still have good credit, and the ability (IMO) to use the DRIV option as collateral to borrow more until Net Direct becomes profitable. I have no experience or evidence that TSQD will be able to continue with so little cash on hand, but it seems that they knew these possibilities existed before they started Net Direct, and they know the DRIV shares give them a huge cushion.

We'll see. Things may turn around and you may be able to buy TSQD for <$1 again. But really, not too many people sold today, and if you sold all your shares, you probably accounted for alot of the downward price pressures. I guess we'll see tomorrow, when everyone else has had time to review the report. I also got the report at the SEC before anything was posted elsewhere on the net.
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