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Technology Stocks : DRIV (DIGITAL RIVER). Get in on internet IPO. -- Ignore unavailable to you. Want to Upgrade?


To: RikRichter who wrote (2794)11/29/1999 8:41:00 AM
From: atskaggs  Read Replies (1) | Respond to of 3198
 
to all: appears that DRIV is trading up to 30 13/16 57 minutes before the bell. Any idea of the driving force? The announcement this am didn't seem to me to be that spectacular.



To: RikRichter who wrote (2794)11/29/1999 8:41:00 AM
From: Jerryco1  Respond to of 3198
 
Subj: Digital River to Host Online Store for Autodesk -- Top...
Date: 11/29/99 5:19:06 AM US Eastern Standard Time
From: AOL News
BCC: JerryCo

Digital River to Host Online Store for Autodesk -- Top Software Publisher to Take Advantage of Digital River's E-Commerce Expertise

MINNEAPOLIS--(BUSINESS WIRE)--Nov. 29, 1999--Digital River (Nasdaq: DRIV), a worldwide leader in e-commerce outsourcing, has announced today that it has partnered with Autodesk, one of the largest PC software companies, and a global leader in design solutions and visualization. With this partnership, Digital River will host the entire Autodesk online store at www.autodesk.com, and create an e-commerce solution for the thousands of companies that create plug-ins for Autodesk.

As part of the agreement, Digital River will add Autodesk's software titles - including AutoCAD LT(R) 2000, Actrix(TM)Business, Actrix(TM)Technical, AutoSketch(R) and Quick CAD(TM) Millennium Edition - to its database of digital products, making them available for both electronic and physical delivery through Digital River's e-tail channel.

"We're eager to help increase online sales for one of the industry's top players in productivity and design software," said Joel Ronning, CEO of Digital River. "By leveraging Digital River's depth of experience in e-commerce and electronic software delivery, Autodesk will be well positioned to move to the next level in the highly competitive e-commerce marketplace."

About Digital River

Digital River, Inc. (NASDAQ: DRIV), is a leading outsource provider of Web-based commerce solutions and the largest online source of software. The Company, based in Minneapolis, provides more than 5,000 software publishers and online retailers with its proprietary technology for Internet delivery of more than 100,000 digital products, including 30,000 software products and applications. For more information, visit Digital River's Web site at digitalriver.com

Except for the historical information contained herein, this press release contains forward-looking statements, including statements containing the words, "believes," "anticipates," "expects" and similar words. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others: the Company's limited operating history and variability of operating results; market acceptance of electronic software delivery; the Company's ability to maintain relationships with software publishers and online retailers; competition in the electronic commerce market; and other risk factors referenced in the Company's public filings with the Securities and Exchange Commission. Digital River is a registered trademark of Digital River, Inc.



To: RikRichter who wrote (2794)11/29/1999 12:51:00 PM
From: Big Al  Respond to of 3198
 
>>>At this point in time I believe that DRIV is the best kept secret of any B2B Internet stock out there. Its sales are exploding while its market cap is undervalued IMO.

I have DRIV socked away in my long-term account knowing that it will one day be embraced by the institutional crowd.<<<

I think you may be right, I am pleasantly surprised by this stock to the positive more and more. Therefore,I don't think I will cover my Dec. 25 puts that I am short.

Happy Holidays



To: RikRichter who wrote (2794)12/1/1999 10:51:00 AM
From: C. McD  Read Replies (1) | Respond to of 3198
 
Elliot, I've had drive socked away long-term as well through my TSQD holdings, but I was just looking at how beaten down BYND is lately. We agree that DRIV has the superior business model, but isn't BYND still in second place?

I'm debating whether BYND or DRIV has the most to gain in the short run from the X-mas stock buying season. BYND seems to have more potential short-term from a rebound standpoint, but it could also be a victim of tax selling. My thought is that on a correction day BYND could drop back below $10 and might be a good play.

Of course if DRIV dropped below ~$23 I'd definitely load up on more DRIV vs. BYND. I see DRIV potentially breaking $45 for X-mas, but not a new high, at least not yet. I'd think BYND could break $20 on a rally (or another AMZN rumor).

Thanks