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

To: StockMarketMaven who wrote (2877)	2/7/2000 2:59:00 AM
From: StockMarketMaven	Read Replies (1) \| Respond to of 3198

Robertson Stephens buy reiteration: Here is an excerpt from BBRS reiteration of their buy rating on DRIV and why the stock is down: INVESTMENT IMPACT: We believe that Digital River has moved sideways recently due to the uncertainty regarding the level of investment that the company would make in E-Business Services. We believe that the stock could begin to work over the next few weeks as investors recognize the revenue upside that could be generated by this increased investment. We also believe that Digital River?s stock price can move higher based on the company?s valuation relative to others in its comp group: (1) Digital River?s market cap is $662 million, a discount of over 75% to Ask Jeeves, InfoSpace and LookSmart. (2) We expect Digital River to deliver significantly higher revenue than Ask Jeeves, InfoSpace and LookSmart in 2000. (3) On a 2000 Market Cap/Revenue valuation, LookSmart & Ask Jeeves are trading 8x and InfoSpace 44x greater than Digital River. We believe that this gap will close over time. In our view, investors will likely reward Digital River for its current business momentum and the expected growth of E-Business Services. Our investment rating on Digital River shares is a buy. Go DRIV! SMM