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

To: M. Frank Greiffenstein who wrote (1193)	3/2/1999 6:30:00 PM
From: HECTOR RUBERT	Respond to of 3198

DRIV seems to move along side the NASDAQ market. Everytime there is weakness in the NASDAQ, DRIV crashes. Strength in the NASDAQ, DRIV rallies. Let's hope the week ends quickly on a strong move. Holding 1,000 shares at 39........ouch!!! Looking for some kind news from DRIV. Hector

To: M. Frank Greiffenstein who wrote (1193)	3/2/1999 6:47:00 PM
From: KJ Duke	Respond to of 3198

Additional shares in the float will be good for new money coming in and make it easier for institutions to establish positions, but is probably not good for existing shareholders in the short-term. CMcD, I agree somewhat with your point on dilution, but I disagree with your comments on the reverse split and the pct public float. The IPO stock price is generally determined by the underwriter solely for marketing purposes - it really has no bearing on anything, so whether they did a split or a reverse split pre-IPO is meaningless. Secondly, the initial low public float of an IPO should be viewed as a positive - management believes its share price will increase, and they do want to sell a large piece of the company at a low price. Secondly, the pct of the company offered also has to do with capital requirements, and since Internet cos in general are not heavy users of capital, there is no reason to dilute shareholders by raising excess capital that is not required in the immediate future.