VeriSign (VRSN) Message Board

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Technology Stocks : VeriSign (VRSN)

VRSN 240.95

-1.1%

Feb 4 3:59 PM EST

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To: locke_1 who wrote (890)	2/10/2000 6:51:00 PM
From: Glenn Nelson	Read Replies (1) of 1285

All this because of some DOS attacks and a Radio WallStreet interview? Doesn't anyone want to say "RAH RAH! I knew this was going to happen! Soon we'll own the world!" After a day like this nothing short of irrational exuberance seems right. Time for reality tomorrow. So I wonder how high is too high? The market valuation is about $22B, the P/E and P/S ratios so high as to be meaningless. Key points in VRSN favor is that they're far and away the main player in a game where name and trust crucial. So investors who feel that security is important to e-biz must own some VRSN. From StockSmart I get this: The float is just under 100M shares. 165 Institutions hold 75.99% of the outstanding shares as of September 30,1999. Of these, 44 established new positions while 14 liquidated their holdings. Overall, Institutions increased their holdings by 23.05% for the period. The float is small, especially given the obvious desire of institutions to hold VRSN. Despite the ridiculous valuation, I'll continue to stay long until I see clear signs of institutional dumping.

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