DivX (DIVX) shareholders can take a breather if they were worrying about the state of the Google (GOOG) search and bundling pact. When DIVX came public and while it was being touted by Cramer and by analysts and traders alike, no one was bothering tomention that the pact with GOOG was up for renewal, renegotiation, or outright end at the end of this year.
DIVX announced this morning that it has extended its multi-year agreement with Google to bundle the Google Toolbar with downloads of DivX video software products and will bundle the Mozilla Firefox browser. We have no details of the deal and we have no idea if DIVX had to give away their first born, but this removes that hurdle.
Now the only thing DIVX shareholders have to worry about is if the management is strong enough to keep executing internally and externally like they have so far. On last look DIVX shares were up more than 4% pre-market at $28.75. Its trading range since coming public has been $18.00 to $31.89.
Jon C. Ogg
December 8, 2006
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