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Strategies & Market Trends : Joe Stocks Trader Talk

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To: Joe Stocks who wrote (586)	3/20/2002 10:09:19 PM
From: Bridge Player	Read Replies (1) of 787

Re: Verisign, VRSN: ......... ......... << While investors may have appeared skittish, analysts said they were not concerned about the disclosures. "I thought the details were, in the grand scheme of things, a lot milder than I think people feared a couple of weeks or months ago," said Dane Lewis of Robertson Stephens. "There were no revenue recognition changes, no restatements and I thought they provided a lot of detail." ...... ...... In research notes, several analysts defended VeriSign's actions, with Todd Raker of Credit Suisse First Boston Corp. saying that the impact of the reciprocal agreements on VeriSign's 2002 results would be minor and calling the investments with affiliates "an appropriate means of growing its global reach." "We believe that the company's core growth opportunity and cash generation ability remain intact," Raker said. Christopher Hovis at SunTrust Robinson Humphrey said VeriSign "remains well-positioned competitively and very strong financially" with no debt and cash estimated at about $425 million at the end of the first quarter. >> I looked at the same comments you did, Joe. Excerpts above are the other side of that opinion. I like VRSN and its prospects. And I think that the fact that less of their revenues is now due to domain registration and more to security software sales is a positive, not a negative.

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