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: rrufff who wrote (1228)	11/24/2001 2:38:24 PM
From: afrayem onigwecher	Read Replies (4) of 1285

Short Sellers, Beware By Shlomo Reifman Short sellers--those who sell borrowed shares in the hope of buying them back cheaper at a later date--could get caught in a squeeze if stock prices keep rising In spite of the demise of many Internet companies, VeriSign's revenue and profits remain strong. VeriSign has exclusive sales rights to the "dot-com" name registry until 2007 and the company has a robust Internet infrastructure services business. Even so, short sellers increased their positions by nearly 5 million shares since mid-October. Total short interest on VeriSign is now 27 million shares. VeriSign earned 28 cents per share (pro forma) on sales of $255 million in the third quarter, compared to 17 cents per share and revenue of $173 million during the same period last year. Revenue is expected to double to almost $1 billion this year, and increase to $1.4 billion next year. Security analysts expect VeriSign to earn 65 cents per share this year against per-share earnings of 33 cents last year. The forecast for 2002: $1.16 per share. Squeeze Plays?Prices as of Nov. 20. EPS: Earnings per share. One month change in the total number of shares that have been sold short and not yet repurchased. *Annualized; projected over next three to five years. Sources: Market Guide, FT Interactive and Thomson Financial/IBES via FactSet Research Systems In spite of the demise of many Internet companies, VeriSign's revenue and profits remain strong. VeriSign has exclusive sales rights to the "dot-com" name registry until 2007 and the company has a robust Internet infrastructure services business. Even so, short sellers increased their positions by nearly 5 million shares since mid-October. Total short interest on VeriSign is now 27 million shares. siliconinvestor.com

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