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Technology Stocks : Verity (VRTY)
VRTY 2.4000.0%Dec 22 4:00 PM EST
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To: John Chew who wrote (755)5/23/1998 1:17:00 AM
From: Don McCauley  Read Replies (2) of 1011
 
Verity's fiscal year ends May 31. Assuming they end year around 38-40 million in revenues, I think stock should move up a point or two in June based solely on analysts shifting to next year's revenue estimates, as happens with calendar year companies in January every year. This effect is often overlooked for non calendar-year co's.

Positive effect could be double that, if Verity is able to report positive net income in Q4 as they have indicated was possible.
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