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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: stockman_scott who wrote (50090)	4/16/2002 5:32:45 PM
From: Sully-	Read Replies (2) of 65232

17:17 ET Veritas Software (VRTS) 36.86 +0.85: -- Update -- On call, says selling climate eroded as Q1 progressed as large deals forecasted by customers were often downsized at purchase time; knows of only one large transaction, though, that was completely deferred... despite tough sales environment, believes it still gained share from competitors in key markets... VRTS -4.31 at 32.55; related competitors include the likes of NTAP, LGTO, EMC, IBM, CPQ, CA and ORCL 17:11 ET Veritas Software warns for Q2 (VRTS) 36.86 +0.85: -- Update -- For Q2, Veritas projects revenues in range of $340-370 mln and pro-forma EPS of $0.12-0.15, which assumes operating margins of 22-24%... Current Multex consensus revenue and EPS estimates for June qtr are $395.15 mln and $0.16, respectively... VRTS won't be providing specific guidance at this time for 2H02... VRTS -3.16 at 33.70

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