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Technology Stocks : VeriSign (VRSN)

VRSN 215.39

-2.1%

3:56 PM EST

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To: Kevin Yang who wrote (397)	3/3/1999 6:57:00 PM
From: Patriarch	Read Replies (1) of 1285

H&Q Conference: VeriSign Dares to Post a Profit By TSC Staff SNOWBIRD, Utah -- VeriSign ( (Nasdaq:VRSN - news) ) is taking the plunge into black ink that so few Internet companies dare to try. The company provides digital certificates to help companies and Web sites identify users and conduct secure transactions online. VeriSign, which has posted losses for 12 quarters running, expects to post a profit later this year. Analysts polled by First Call look for a profit of 3 cents a share in the quarter ending Sept. 30. Operating income should reach 16% to 20% of revenue by the first half of 2000, said VeriSign CEO Stratton Sclavos at the Hambrecht & Quist planet.wall.street conference Tuesday. For the fourth quarter ended December 1998, operating losses were $3.3 million, or 25% of revenue. Here's another reason why VeriSign stands out in the Internet landscape: Sclavos is probably the only person wearing a tie at this laid-back conference in the mountains. After pointing out that he was "taking some heat for wearing a tie," he joked, "but it's 100% Gore-Tex, and I'll be skiing in it later." -- Suzanne Galante

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