Digital River's Revenue Stream Not In Jeapordy: Symantec

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 |  Includes: DRIV, SYMC
by: SA Eli Hoffmann

Excerpt from our One Page Barron's Summary (receive it weekly by email by signing up here):

Digital River's Paddle by Bill Alpert

Highlighted companies: Symantec Corp. (NASDAQ:SYMC), Digital River Inc. (NASDAQ:DRIV)
Summary: Barron's interviewed Symantec (SYMC) CEO John W. Thompson. It seems the security-software giant's products account for 45% of the sales of online retailer Digital River (DRIV). Since Nov '05, Digital River's shares have more than doubled, torturing skeptics who are short about 8m shares as of August (20% of the float). One of the persistent short stories about Digital River is that Symantec will go away, taking its online sales in-house and cutting out the middle man. Symantec CEO Thompson: "Digital River will continue to manage our online storefronts." Alpert's one-liner: "It doesn't sound like Digital River is on Symantec's chopping block."
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