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Digital River Stock Drops

Digital River Inc. dropped as much as 33 percent in early trading after Symantec Corp. didn’t renew a service contract to manage the security software maker’s online store. This shows the danger any company faces when they allow any one outside company to have such an influence on its business model. The agreement expires June 30, Eden Prairie, Minnesota- based Digital River said today in a statement. Symantec plans to move its online traffic to its own e-commerce system. It is estimated that Digital River received as much as 1/4 of Digital River Revenue last year.

Digital River dropped as low as $27.25 in trading before exchanges opened after closing at $40.42 Oct. 9 in Nasdaq Stock Market trading. The shares had gained 63 percent this year before today.

If you write shareware software and sell through Digital River you are offered 3 solutions.

Shareit

4.9% + $1

RegNow which has an affiliate network to help you sell your software.

6.9% + $1

SWReg

2.9% + $1

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Digital River will recover from its set back with Symantec. In July the company predicted sales of as much as $98.5 million and per- share profit, excluding some items, of up to 41 cents a share. Analysts on average project sales of $97.8 million and profit of 41 cents, according to a Bloomberg survey.