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


To: uthabros who wrote (3152)4/20/2002 2:02:31 AM
From: pcyhuang  Read Replies (1) | Respond to of 3198
 
DRIV, the leading online distributor of software

We are recommending Digital River (DRIV @$4.70). DRIV provides comprehensive electronic commerce outsourcing solutions to software publishers and online retailers. DRIV derives its revenue primarily from transaction and service fees. For the fiscal year ended 12/31/01, revenues rose 85% to $57.8 million. Net loss fell 50% to $19.2 million. Among its other ecommerce customers, DRIV is the exclusive online distributor and provider of related after-sales services of Symantic suite of antivirus products. The most recent quarterly earnings of $.04 a share has exceeded expectation. We estimate DRIV to earn $.21 per share on revenue of $74 million this year and $.44/share the next year. Projecting an average earnings growth rate of 30%, we estimate DRIV's current PEG ratio to be .78x, substantially below that of its peers'. At its current valuation, DRIV is an attractive acquisition candidate.

moneycentral.msn.com. Click here for detailed company report.

pcyhuang
huangcapital.com
Huang's Investment in Special Situations



To: uthabros who wrote (3152)4/20/2002 9:25:00 AM
From: M. Frank Greiffenstein  Read Replies (2) | Respond to of 3198
 
Bottom feeders unite, you have nothing to lose but your money!

Wait, that doesn't sound too inspiring, let me try that again...

Seriously, I'm not sure what to make of this. DRIV is still bleeding, and on average volume to boot. I'm sure the chartists say to stay away form this one. The fundamentalists too. But DRIV is in a better position now than it was last year at the same time. It never ceases to amaze me how sentiment can completely rule a stock price.

I continue to nibble at these levels.

Doc Stone