The perception of some in the industry is that Verity is similar to Oracle in the early days - light in technology and heavy duty marketing. Philip Couteau CEO, has done a commendable job getting their product out in the market. While they have numerous alliances and press releases, their stock price is riding the internet publicity curve as opposed to a realistic valuation based on earnings. See below...
Reported in Bloomberg news on WWW 6/26/96...
Verity Inc. (VRTY): The maker of software tools and applications said it had fiscal fourth-quarter net income of 3 cents a share, compared with a loss of 58 cents in the year-ago period. The earnings fell short of the average estimate of 4 cents, according to three analysts surveyed by Zacks Investment Research. Verity stock rose 2 3/8 to 28 1/4.
The WSJ shows
1996 1995
Rev $30,718,000 $15,886,000
Net income (313,000) ($5,838,000)
Avg shares 7,829,000 3,635,000
net income/share (.12) ($2.18) |
