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


To: Ron Sirch who wrote (319)11/19/1998 7:05:00 PM
From: M. Frank Greiffenstein  Read Replies (1) | Respond to of 3198
 
TheStreet.com says...

Digital River (DRIV:Nasdaq) soared 5, or 38.1%, to an
all-time high of 18 1/4 after saying its online software sales
are expected to grow by an average of 95% a year
.

Untrue! The IBD article refers to 95% growth a year in the market for ESD, estimated by Jupiter Communications. If DRIV grew revenues 95% a year, that would be small potatoes. I think DRIV can do that SEQUENTIALLY once it gets its products on high speed networks.

Talking about high speed networks, anybody notice that DRIV is placing itself in the middle of high speed, broadband optical fiber networks? They just cut a deal with US West. Well US West is closely allied with Q-West, the latter building a huge trans-national optic fiber network that can download the entire Library of Congress in muntes (or so their TV ads say).

DocStone