An SI Board Since November 1997 |
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TSQD |
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Tech Squared (TSQD), a marketer of microcomputer products, owns a 37% interst in a rapidly growing private company called Digital River, Inc. Fujitsu of Japan, the world's second largest computer company, owns a 25% stake in Digital River. Digital River is an Internet commerce services company providing over 700 clients (up from 200 last year) with a secure, online system for the sale and delivery of software products and digital images over the Internet. Digital River has twelve (12) patents pending for digital delivery, commerce and encryption systems. Recent new clients include Corel Corp. and Symantec Corp. Digital River recently hired Randy Womack as Chief Information Officer who came from Oracle Corp. as a development manager.
TSQD has about 10 million shares outstanding giving it a present market capitalization of about $27 million with the CEO owning almost 70% of these shares. TSQD reported $27.4 million of revenues for the first 9 months of 1997 with a small operating profit. Their fiscal financial statements were audited by Arthur Andersen LLP.
The December 1, 1997 "US News & World Report" stated in its "Online Malls Move Closer to Home" article that one forecast has Internet shopping growing from $2.6 billion today to $37.5 billion in five years which approaches today's mail-order catalog business of $46 billion.
Any comments about TSQD?
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