Looks like DIVX might become a player once more. After Hours: $24.00Change: +3.90 +19.40%Volume: 688,474
its hard to jump on a stock thats already up over 20%. You mentioned DIVX and NUVO, it would be nice to mention it before the stock rallies. Wouldn't it?
Aghhhhhhhhhh dammit I hate it when this happens wish I bought divx this morning Just image how much money you could have made if you went ALL IN on margin That would be awesome Make so much money
Can't win 'em all. I have been in since the IPO - looks like I'll be out tomorrow. I still like the potential for the product and really believe IPTV is where things are going. But it just goes to show you without decent management, a product is not enough. This needs to be taken over by a real company. If I had more patience, I'd continue to hold - but this shyt is ridiculous.
I wouldnt jump off the train immediately though. The price has been trending down for the last 10 trading days. Jan-Feb-Mar there was a head/shoulders on the chart with a target price of the low 17s. Amazingly thats where the price sits afterhours now. My prediction is that the reaction in the illiquid afterhours was overdone and there will be a bounce especially considering that the price target of the h/s has been reached and the stock has been selling off the last ten trading days. I think it will at least bounce to the 19s before making a decision of where to go next. Divx quarterly profit rises (5:20 PM ET) SAN FRANCISCO (MarketWatch) -- Divx Inc. (DIVX : divx inc com News , chart , profile , more Last: 20.00-0.16-0.79% DIVX20.00, -0.16, -0.8%) late Tuesday reported first-quarter net income of $3.66 million, or 10 cents a share, up from $3.28 million, or 11 cents a share, in the first quarter of 2006. The San Diego-based software company said revenue in the three months ended March 31 rose to $20.2 million from $14.1 million a year ago. Analysts polled by Thomson Financial were expecting, on average, a per-share profit of 14 cents on revenue of $19.8 million. For the second quarter of 2007, Divx expects revenue of $16.7 million to $18.7 million. Analysts are looking for revenue of $18.2 million.
They've got to figure out a way to monetize Stage6. The video quality is 10X what YouTube has. Hell, I would have paid a few bucks just to watch this video (The Doors & Zep): http://stage6.divx.com/My-Taste-in-...-Doors-&-Led-Zeppelin---The-Lost-Performances What did Google just pay for YouTube - 1.65B? That's over 3X DIVX market cap and DIVX actually has a viable product, not just a web site.