VeriSign (VRSN) Message Board

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Technology Stocks : VeriSign (VRSN)

VRSN 239.80

+1.8%

Oct 31 9:30 AM EST

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To: player203 who wrote (1180)	4/27/2001 12:05:48 PM
From: jhg_in_kc	Read Replies (2) of 1285

I bot some today. What do I need to know besides this: Rauscher Wessels Reiterates Strong Buy Rating On Verisign MINNEAPOLIS--(BUSINESS WIRE)--April 27, 2001-- Dain Rauscher Wessels equity analyst Stephen Sigmond today reiterated a Strong Buy-Aggressive Risk rating on Verisign Inc. (NASDAQ:VRSN - news), $46.60. He has a 6-month price target of $110. Verisign is the leading provider of digital trust services for the Internet, intranets and extranets. ``True to form, VeriSign reported quarterly results that nicely exceeded our expectations,'' Sigmond said, commenting on the company's March quarter. ``Amid a difficult IT spending environment, VeriSign's 8-percent sequential increase in revenue outpaced the growth rates of most other Internet infrastructure and security companies. With another quarter of strong bookings and increasing deferred revenue, VeriSign continued to demonstrate the economies of scale inherent in its utility-like business model - critical infrastructure services, quasi-monopoly market positioning, recurring revenues and low variable costs.''

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