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: Don McCauley who wrote (615)	12/29/1997 6:58:00 PM
From: Kumar Nathan	Read Replies (2) of 1011

Don: Enjoyed your positive feel about VRTY. Since you were intimately connected with the affairs of VRTY, your thoughts and opinion are highly valued and respected here in this thread. The important point I noticed was that VRTY is directly going back to 180 degrees in terms of its target market . Some three years ago VRTY was targeting top of the line search engine business. Each licence were around 40-60K. I personally used those full blown systems and was happy with that. That was during Mike Pliner days. Then came our Philippe. He targeted into smaller desktops. Now with Gary we are going back to big ticket customers. During this process VRTY lost lot of engineering talents, endured terrible financial loss. Now only 1/14th of its alltime high. VRTY also successufully spent tons of money on restructuring charges every single quarters and still keep on spending money on restructuring. If anybody keeps a tab on its restructuring expenses since Phillipe days, I bet it would have been more than their R&D & Mktg expenses put-to-gether. In the meantime its competetors like fulcf are losing their shirts and pants. MSFT is allocating significant resources in developing search engines. Furthermore, analyst community even stopped looking at VRTY. Given the external market developments especially entry of MSFT, shrinking search engine markets, and cash crunch of VRTY I think this stock is an ideal candidate to short. Anybody who followed me in shorting it at 10 would thank me for doing that. Now I reitrate shorting it again. Facts to note: VRTY's accumulated loss per share is around $6-7 and still growing quarter after quarter. IMO it is a long long way to go for this stock even to reach 7 or 8. Regards Kumar

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