hoffy and everyone else-
Take a look at DGV. They are being featured in the latest Business Week. I posted this on the market gems thread last night. This could be a big big runner.
Hey, what do you guys think of this? I was just surfing around and found this little article
that came out tonight. This company (DGV) has a 28 million market cap and 1.2 mill.
float. It was up a good bit today on much higher than avg volume (850,000 shares vs
avg of 28,000). They have revenues of 1.1 million for the last quarter up from 350,000
in previous. They had an operating loss of 3 million. As a momentum daytrade most of
this is immaterial. Basically, it has a tiny float, some volume but not a ridiculous amount
yet, a nice price rise today and the following to get peoples attention. I just wonder (if it
moves at all) whether it will gap open or whether it will be discovered a bit later in the
morning. I hope for the latter because this could be a NETE type play and I'm not in
yet. Thoughts Jenna or anyone?
Thursday March 18, 9:24 pm Eastern Time
Digital Lava may erupt yet - Businessweek
NEW YORK, March 18 (Reuters) - Recent alliances and contracts for Internet
company Digital Lava Inc could provide the kindling to fire its languishing stock price,
according to an article in Businessweek.
The article suggests that the stock, which has fallen more than $2 from its February
initial public offering price of $7.50, might be struggling due to a lack of hype and
technology that investors find difficult to comprehend.
However, bullish investors believe the stock is very undervalued and claim that
partnerships with industry bigs such as Microsoft Corp (Nasdaq:MSFT - news) and
Silicon Graphics Inc (NYSE:SGI - news) should push the stock higher.
Digital Lava develops software for creating videos used for training, research and Net
marketing.
Thursday March 18, 7:01 am Eastern Time
Company Press Release
SOURCE: Digital Lava Inc.
Digital Lava Receives MultiMediaCom Award for Best New Streaming and Broadcast
Product
Award Marks Third Win for Digital Lava's Streaming Video Desktop Application
LOS ANGELES, March 18 /PRNewswire/ -- Digital Lava Inc. (Amex: DGV - news)
announced today that its VideoVisor(TM) Professional software won the award for
Best New Streaming and Broadcast Product in the MultiMediaCom '99 Spring
Conference and Exhibition held in San Jose, California. A panel of distinguished judges
reviewed new products featured at the show and selected top prize winners in nine
categories, providing special recognition for innovative products and their companies
during the nation's largest networked multimedia event.
Winner of two previous awards -- the Best New Streaming/Broadcasting Product at
DVC Spring '98 and The People's Choice Award at DVC '98 Fall -- Digital Lava's
VideoVisor Professional is a streaming media desktop application that transforms video
into an interactive information resource. A familiar Windows-based interface allows PC
users to easily and rapidly navigate through, integrate and manipulate video content.
VideoVisor Professional is used for training, communications, sales automation, distance
learning and other applications.
''Today's knowledge workers are relying more and more on video as an information
source,'' said Joshua Sharfman, CEO of Digital Lava. ''Companies are utilizing
computer-based training, automating their sales forces for increased productivity and
access to enterprise resources, and customizing their corporate communications via the
desktop -- all using interactive desktop video. Digital Lava developed VideoVisor
Professional to meet this next wave in video technology.''
According to Jerry Goldstone, president of BCR Enterprises, Inc., the conference and
exhibition organizer, ''This year, winners can be especially proud of receiving recognition
for their products from our panel of independent judges. The competition was intense
and, on behalf of everyone connected with MultiMediaCom '99, I extend our warmest
congratulations to our award winners.''
This year's panel of judges included Jim Idelson, President, DesigNET International,
Inc.; Matt Kramer, PC Weeks Labs; Trudy Wonder, Director of Communications,
Merck & Co.; Andrea Sapletal, Network Analyst, Dayton Hudson; George Wilson,
VTEL, and Al Huberty, Chief Technical Officer, Bloomfield & Oakland Advanced
Technologies.
In the category of Best New Video Streaming Product, second-time winner Digital
Lava garnered praise from Trudy Wonder. ''I was really pleased with this upgrade,'' she
said. ''They have added huge new capabilities and the quality was great.'' She described
it as enabling the user to manipulate the subject matter more and being more
user-friendly.
The MultiMediaCom '99 Spring Conference and Exhibition is the nation's most
comprehensive trade show focused on teleconferencing, enterprise video and
multimedia communications and collaboration. It is the primary resource for the latest
technological breakthroughs, innovative applications and standards updates in a rapidly
changing industry.
About Digital Lava
Founded in 1995, Digital Lava is a provider of Video Publishing software and services
related to the use of video for corporate training, communications, distance learning,
research and other applications. Digital Lava's vPrism(TM) allows users to re-purpose
vast amounts of video and electronic information on CD-ROM, DVD, corporate
intranets and the Internet. Digital Lava's VideoVisor is a desktop video information
application, enabling users to rapidly access and navigate, manipulate and integrate
video-based information on a desktop computer. All of Digital Lava's software is
developed on an open and scaleable architecture. Digital Lava is headquartered in Los
Angeles, California. For additional information, please visit Digital Lava's Web site at
digitallava.com or call 1-888-222-LAVA.
This news release contains forward-looking statements that involve risk and
uncertainties. The actual development of the company's products may differ materially
from the company's expectations. Among the factors that could result in a materially
different outcome are the uncertainties inherent in new product development and in the
evolving new market for video software technology.
VideoVisor and vPrism are trademarks of Digital Lava Inc. |
