Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Digimarc (DMRC) -- Ignore unavailable to you. Want to Upgrade?

To: neverenough who wrote (12)	12/2/1999 10:32:00 PM
From: mact	Read Replies (3) \| Respond to of 266

DMRC is a good buy at this level imo...they are in a emerging mkt. and digital security is a hot sector right now...electronic watermarking has e-commerce, digital rights mgt. and electronic royalty implications...while i could find no company that DMRC can be directly compared to, Intertust is somewhat similar(ITRU)....ITRU ipo'd a little over a month ago...it has ramped rapidly...it trades at $138 per share giving it a mkt. cap of 5.2B!!!...their revenues ytd is only 850K(last qtr. 363K)...current price/sales ratio is approx. 3500!...on the other hand, DMRC trades at $56.5 per share, thus giving it a mkt. cap of 672M(shares outstanding only 10.9M)!...their ytd rev's are 4.2M(last qtr-2.1M)...if we assume their next qtr rev's to be near last qtr's, then the price/sales ratio would be approx. 88!(compared to ITRU's 3500, very weak rev's without a better year to year growth than DMRC)...if DMRC were to have a similar mkt. cap as ITRU, it would trade at $477 per share...while DMRC may seem very expensive to many at this level, compared to ITRU, it is dirt cheap...im certainly not saying that DMRC will be trading at $400 per share, but i do think it has a very real chance to run into the 100's...im holding my DMRC shares for awhile....jmho's of course. mact