From Yahoo:
"Steve Sigmond of Dain Rauscher Wessels, one of the major brokers, has just reitirated strong buy for VRSN and raised price target to $100 in his research this morning. Due to the copyright, I cannot post the reseach to the board. Some of his comments are that that as an infrastructure service provider that underlies all secure Internet commerce and communications VeriSign is addressing a market opportunity that is expected to enormous, and it's continues to face no credible competition in digital certificate services. This situtiation is not expected to change in the foreseeable as this market has multiple barriers to entry ("root key" distribution, capital, customer base, intellectual property, and brand). He believes that VeriSign is extremely well positioned to preserve and extend its leadership position as Internet commerce and
communications continue to flourish. I'm temped to post the entire report but afraid to be prosecuted:) According to the research VRSN outlook is extremely positive. As someone in this board has said that internet commerce is in infancy state right now and beginning to grow rapidly , it's no brainer to see that security is the fundamental that e-commerce really needs in order to start taking off. We all know that insecurity is the main problem that keep people from doing businesses thru the internet, and VRSN has the answer to that.
Even though, the ride may not be as wild as other internet stocks, slowly but surely VRSN will give us a significant rewarding in my opinion. " |
