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Technology Stocks : Verity (VRTY)
VRTY 2.4000.0%Dec 22 4:00 PM EST

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To: David Lawrence Meyer who wrote (3)7/11/1996 12:07:00 AM
From: Melissa Lee   of 1011
 
PE is in the sky if you just look at last year's earnings. I have hard time to believe VRTY can earn .45c/year. Also most of last quarter's earning is from interest from the IPO money.
Short term may be OK, but MSFT is going to include search engine into NT 4.0 for free, I would expect this will affect VRTY somehow. But the good news is their VP of engineer just got fired, due to unbelievable high turnover rater for engineers happened to VRTY for the past 6 months.
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