“Shares of Digital River climbed today on rumors that its technology may be used to download games onto the next version of Apple Computer’s iPod, an analyst said. Digital River, which is based in Eden Prairie, Minn., helps software publishers sell their products online,” Jon Ann Steinmetz reports for The Mercury News. “Its stock was at $37.49 in afternoon trading, up $2.33, or 6.6 percent, on heavy volume on the Nasdaq Stock Market. Friday’s strongest level of $40.17, at that point, was a 52-week high surpassing the prior high of $36.23 set Oct. 21. There was a 52-week low of $19.38 on March 11.”
Steinmetz reports, “Spokesmen for both Apple and Digital River weren’t immediately available for comment. Craig Hallum analyst George Sutton said the rumor of a deal with Apple’s iTunes music service looks questionable. Oppenheimer & Co. analyst Aleksandar Zorovic said he believes Digital River will likely sign a deal with a major software publisher or video game maker between now and February.”
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