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Technology Stocks : VeriSign (VRSN)
VRSN 251.48-0.5%Jan 22 3:59 PM EST
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To: DD™ who wrote ()8/30/1999 6:12:00 PM
From: Naren thappeta   of 1285
 
Verisign (VRSN: news, msgs) gained 3 to 105 3/8 after
surging 18 percent last week. Danny Rimer, who heads
Internet research at Hambrecht & Quist, attributed
Verisign's hearty gains to a growing awareness that the
stock is the blue chipper among the business-to-business
companies.

Verisign's deferred sales are growing faster than realized
sales, said Rimer. This is an important distinction because it
shows that "the rate of adoption of their services are
growing faster than what they're recognizing," he
said. Additionally, since the sales are not recognized in one
shot, the revenue stream is more predictable.
The company is also the "de facto provider of securing
e-commerce. So, when you buy something from Amazon,
Verisign benefits," he said.
cbs.marketwatch.com
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