VeriSign (VRSN) Message Board

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Technology Stocks : VeriSign (VRSN)

VRSN 245.68

-1.6%

3:59 PM EST

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To: Bazmataz who wrote (505)	4/23/1999 7:02:00 PM
From: gridiron 99	Read Replies (1) of 1285

I wouldn't call a downgrade from "outperform" to "neutral" a significant change in rating. Apparently Mary Meeker was not too crazy about this stock to begin with. She gave it an "outperform" last time. What I find very interesting is Meeker seemed to have a hard time making up her mind about VRSN. She downgraded because of valuation, and yet she praised on VRSN's first quarter performance, called fundamentals "outstanding", its execution "superb". If we rate the stocks based on valuation, I could name dozens on Internet stocks that are overvalued. Has it ever occurred to her that thanks to those excellent points about VRSN, that even she recognized, VRSN is trading as high as it is today ? Yes, VRSN might be overvalued, but it is overvalued for good reasons. I will hold this overvalued stock of mine.

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