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Technology Stocks : Entrust Technologies Inc (ENTU)

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To: DD™ who wrote ()1/9/1999 9:59:00 PM
From: bodie  Read Replies (1) of 1205
 
Entrust has also been focused on the more lucrative corporate intranet
market from the beginning, while VeriSign's first initiative in that space wasn't launched until late 1997. For the nine months ended Sept. 30, VeriSign posted a $19.8 million operating loss on sales of $25.7 million, vs. Entrust's $23.9 million loss on sales of $34 million. Nearly 85 percent of Entrust's operating loss was due to a $20.2 million charge associated with a recent acquisition. In 1996 and 1997, Entrust was profitable, and Goldman Sachs analyst Rakeesh Sood predicts the company will return to the black in the second quarter of 1999. VeriSign, meanwhile, is expected to make money by the third quarter, according to estimates from BancBoston Robertson Stephens analyst John Powers.
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