Verity (VRTY) Message Board

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Technology Stocks : Verity (VRTY)

VRTY 2.400

0.0%

Dec 22 4:00 PM EST

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To: T. Berkeley who wrote (396)	5/3/1997 8:19:00 PM
From: JACK SHOYKHET	of 1011

I do not know whether VRTY will be able to make profit 1st Qtr. That is an unknown at this time. I think their sales will be around $12MM with operating expenses still as high as they were in the 4th QTR. Management may be able to control other expenses not related to R&D, however, if sales proves to be around $12 to $12.5MM they will show a few pennies profit. As far as a merger, I don't think so. Why? Has nothing to do with business but chief's ego. He is a brilliant man, never failed before, made a lot of money with EE:Mail, which became standard for e-mail process. He wants to make this work in the worst possible way -- that I know for a fact. A hostile takeover is another story -- he will have no choice but at least to evaluate the situation. VRTY is a great stock if you are patient. If you are not, take a loss and invest money in other stocks -- market has a great momentum now -- you can make up the difference some other place. I would buy at these prices. If you remember, I have predicted $7 + /- $1 for this quarter, so far it was on the lower side, but is is close. Good Luck! Jack

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