Totally OT: Anyone familiar with/have opinions on VRTS (Veritas)? I am only asking people here because the VRTS thread is basically moribund.
This is a company I have not followed in the past **but** I could end up with a wad of VRTS shares should the SEG (Seagate) buyout is approved _and_ I do not sell my SEG shares before the buyout. I really do not relish the idea of selling SEG this year, purely for tax reasons: I do not even want any long terms gains for 2000.
Although I am not asking anyone here familiar with VRTS to make a decision for me, I would really appreciate hearing from someone who is a shareholder or on-top of the company. Dropping me a PM is fine unless you think others here might be interested in VRTS comments. Should I ultimately decide to sell all or even 1/2 the SEG, proceeds would not be used to buy more NTAP--I'd probably just sit on the proceeds and use them to pay the tax on stock I move from my regular to Roth in 2001.
From the VRTS profile over at Yahoo!:
Business Summary
Veritas Software Corp. is an independent supplier of storage
management software. The Company's products help to improve the
levels of centralization, control, automation and manageability in
computing environments. More specifically, the Company's products
offer protection against data loss and file corruption, allow rapid
recovery after disk or computer system failure, enable IT managers
to work efficiently with large numbers of files, and make it possible
to manage data distributed on large networks of computer systems
without harming productivity or interrupting users. In addition, the
Company's products provide continuous availability of data in
clustered computer systems that share disk resources. The Company
develops and sells products for most popular operating systems,
including versions of UNIX and Windows NT. The Company also
provides a full range of services to assist its customers in planning
and implementing their storage management solutions.
More from Market Guide: Expanded Business Description
Financial Summary
VRTS designs, markets and supports enterprise data storage
management solutions, providing storage management software for
protection against data loss and file corruption, efficient file
processing and network back-up. For six months ended 6/00,
revenues rose from $186.6 million to $520.1 million. Net loss
totalled $346.7 million, up from $148.7 million. Revenues reflect
the acquisition of NSMG. Net loss reflects increased amortization of
goodwill and other intangibles.
biz.yahoo.com
Lynn |
