Digital River loses biggest customer; stock dives

Judged:

Lemme take a wild guess that insiders have been selling their stock heavy in the previous month. Or at least once they realized their largest customer was bailing. Busted!

Incredible70

Since: Aug 09

968

Saint Paul, MN

Judged:

Ben Bernanke wrote:

Lemme take a wild guess that insiders have been selling their stock heavy in the previous month. Or at least once they realized their largest customer was bailing. Busted!

You're just sore you didn't sell your shares last week.

XD40 Fan

Judged:

This is the double-edged sword of having huge clients. DR will be just fine. Maybe they could hook up with Petters Wh*rehouse.

Since: Apr 09

1,103

Twin Cities

Digital River is a fantastic company from the inside. I did a temp stint there a few years ago. They will weather this storm without a problem I am certain. Good Luck DR!

cory in St Paul

Phoenix, AZ

Judged:

DR is led by a jerk off who steals as much intellectual property as possible, then fires that property. This is Karma kicking his ass. Just sucks others have to take the brunt of it. I truly hope he is the next Hecker/Petters.

Since: Apr 09

1,103

Twin Cities

cory in St Paul wrote:

DR is led by a jerk off who steals as much intellectual property as possible, then fires that property. This is Karma kicking his ****. Just sucks others have to take the brunt of it. I truly hope he is the next Hecker/Petters.

Sounds like someone is either a fired ex employee or just extremely jealous.

Chucker

Judged:

Can't say I feel sorry for them, they've been outsourcing everything they possibly can off shore to India and the Phillipines and who knows where else and laying off Minnesota employees left and right. Too bad for them, they are greedy and getting what they had coming.

Since: Apr 09

1,103

Twin Cities

Chucker wrote:

Can't say I feel sorry for them, they've been outsourcing everything they possibly can off shore to India and the Phillipines and who knows where else and laying off Minnesota employees left and right. Too bad for them, they are greedy and getting what they had coming.

Where are you getting this info? The only other country I am aware of that they operate in is Ireland where they have a division that works really closely with Eden Prairie. Though I could be wrong, it has been a couple of years since I was there.

Incredible70

Since: Aug 09

968

Saint Paul, MN

Judged:

orreljw wrote:

<quoted text>
Where are you getting this info? The only other country I am aware of that they operate in is Ireland where they have a division that works really closely with Eden Prairie. Though I could be wrong, it has been a couple of years since I was there.

Don't bother asking for facts...these are just posters who hate anyone or anything successful. I'm guessing they have low paying menial jobs, or are unemployed with no real hope of finding work because of no marketable skills.

Chucker

orreljw wrote:

<quoted text>
Where are you getting this info? The only other country I am aware of that they operate in is Ireland where they have a division that works really closely with Eden Prairie. Though I could be wrong, it has been a couple of years since I was there.

There is obviously a lot you do not know, and I can tell you for a fact that this is true, some of it is recent and some has been going on for a couple years. Eden Prairie just layed off a bunch more people fairly recently, and has been continually doing that for some time, as they would prefer to pay people in 3rd world countries $1 an hour than pay competitive local wages. Not that this is uncommon unfortunately with tech companies, but again it makes it hard for me to feel too sorry for them.

Chucker

Incredible70 wrote:

<quoted text>
Don't bother asking for facts...these are just posters who hate anyone or anything successful. I'm guessing they have low paying menial jobs, or are unemployed with no real hope of finding work because of no marketable skills.

Your statement may be true in general, but if you are talking about me I can assure you that is incorrect. These are absolutely true facts, call DR and ask. I have never worked there, and am thankfully gainfully employed and have never been unemployed, so finding work has never been a problem.
However the same can't be said for all the people DR has gotten rid of so they could move call centers off shore.

Born in the usa

Prior Lake, MN

Where is this river? I have never heard of it. Hows the fishing from shore?

Since: Apr 09

1,103

Twin Cities

Chucker wrote:

<quoted text>
There is obviously a lot you do not know, and I can tell you for a fact that this is true, some of it is recent and some has been going on for a couple years. Eden Prairie just layed off a bunch more people fairly recently, and has been continually doing that for some time, as they would prefer to pay people in 3rd world countries $1 an hour than pay competitive local wages. Not that this is uncommon unfortunately with tech companies, but again it makes it hard for me to feel too sorry for them.

I would tend to agree with you if this is the case. Thanks for the info.

Ian Gilyeat

Gilbert, AZ

A big change for DR, but with Symantec at 30% of revenue and declining, they should still be fine - especially with a broadening industry footprint and growth in gaming and other sectors happening for them.

Roboytoe