Verity (VRTY) Message Board

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Technology Stocks : Verity (VRTY)

VRTY 2.400

0.0%

Dec 22 4:00 PM EST

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To: trouthead who wrote (546)	9/23/1997 9:52:00 PM
From: Kumar Nathan	of 1011

Brian: The only interpretation of this is that the company is now cleaning its books and wanted to start with a clean slate. I dont subscribe to theories of accumulations etc., Technically this market is a zero sum game. If somebody is accumulating, then somebody is dumping unless the company has a buy-back program. Therefore do not even imagine that something big is going on. I believe based on the recent announcements, it appears that VRTY is calling back few people who were pissed off by Philipe. Cost of rehiring those folks is not going to be cheap. It is going to be very sweet deals. Therefore IMO this company has at least more than a year to see some profitability. By the by the company still operates with interim management team. Therefore I dont think any analysts will spend time in calling these folks. Last time only 2 or 3 called. This time if there is a conf. call, then CEOs and CFOs will be waiting like Maytag repairman. Regards Kumar.

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