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Strategies & Market Trends : The New Economy and its Winners

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To: Bill Harmond who wrote (8661)	9/16/2001 3:23:49 PM
From: Mark Fowler	Read Replies (2) of 57684

biz.yahoo.com TheStreet.com - Wrong! State of the Web: VeriSign -- Not to Be Ignored The company said this week it can sustain 50% growth. That's too good to miss. By James J. Cramer Sick of the dot-com gloom? Have you considered VeriSign (Nasdaq: VRSN - news) ? We're all so jaded that this week, when the stock was selling for $30 and change and the company said it could do $1 for the coming year, I ignored it. Even in this vicious bear market for techies, you can't ignore companies that are growing at 50% and sell at 30 times earnings. That's just being stupid and too negative. Stratton Sclavos, who spoke at Cowen this week, strikes me as one of the few survivors of this era. He's a good businessman and is confident that 40%-50% growth rates are sustainable for the next three to four years. He actually said that about this domain registrant. It made me think that perhaps this company, unlike so many others, was ready for prime time when it came public. You know I hate tech stocks, but this one is a keeper, a dot-com that still makes sense. Amazing. And to think that if he had said 40%-50% last year his stock probably would have doubled overnight. Now it languishes in the 30s!

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