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Technology Stocks : VeriSign (VRSN) -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Salem who wrote (757)	11/1/1999 1:20:00 PM
From: md1derful	Read Replies (1) \| Respond to of 1285

Jerry, if ya have time..please give us a synopsis..much thanks doc

To: Jerry Salem who wrote (757)	11/1/1999 1:21:00 PM
From: Patriarch	Respond to of 1285

Did anyone catch this: Verisign files for common stock offer. Excerpted from S-3 filed on 10/29 by VERISIGN INC: VERISIGN INC files for common stock offer. SUBJECT TO COMPLETION October 29, 1999 (End of Item Excerpt) USE OF PROCEEDS VeriSign will not receive any of the proceeds from the sale of shares by the selling stockholders. SELLING STOCKHOLDERS The following table sets forth certain information known to VeriSign with respect to the beneficial ownership of the Company's common stock as of September 30, 1999 by the selling stockholders. Except as set forth below, none of the selling stockholders has had any position, office or other material relationship with VeriSign within the past three years. The percentage ownership is based on 51,210,758 shares of common stock outstanding as of September 30, 1999. Shares of common stock subject to options are counted as outstanding for the purpose of computing the percentage ownership of the person holding the options but not for computing the percentage ownership of any other person. The table assumes that the selling stockholders sell all of the shares offered by them in this offering. However, VeriSign is unable to determine the exact number of shares that will actually be sold or when or if these sales will occur. VeriSign will not receive the proceeds of any shares sold under this prospectus. (End of Item Excerpt) (End of Item Excerpt) SELLING STOCKHOLDERS The following table sets forth certain information known to VeriSign with respect to the beneficial ownership of the Company's common stock as of September 30, 1999 by the selling stockholders. Except as set forth below, none of the selling stockholders has had any position, office or other material relationship with VeriSign within the past three years. The percentage ownership is based on 51,210,758 shares of common stock outstanding as of September 30, 1999. Shares of common stock subject to options are counted as outstanding for the purpose of computing the percentage ownership of the person holding the options but not for computing the percentage ownership of any other person. The table assumes that the selling stockholders sell all of the shares offered by them in this offering. However, VeriSign is unable to determine the exact number of shares that will actually be sold or when or if these sales will occur. VeriSign will not receive the proceeds of any shares sold under this prospectus. The selling stockholders have advised VeriSign that they are the beneficial owner of the shares being offered. Shares Beneficially Shares Beneficially Owned Before Offering Owned After Offering --------------------------- Shares Being ---------------------------- Name Number Percent Offered Number Percent Deer III & Co. LLC (1)....................... 77,580 * 27,000 50,580 * VISA International Service Association (2)... 42,000 * 19,750 22,250 * TZM Investment Fund (3)...................... 28,876 * 27,000 1,876 * KPC&B VII Associates (4)..................... 106,513 * 37,000 69,513 * Kairdos L.L.C. Tolmi L.L.C. (5)............................ 113,500 * 57,000 56,500 * (End of item excerpt.) ------------------------------------------------------------------------ DISCLAIMER: The information provided through this news feed is excerpted from documents filed with the Securities and Exchange Commission (SEC) and should not be relied upon without review of the full documents filed with the SEC. In no event will Internet Financial Network, Inc., its officers, directors, employees, stockholders or agents, be liable to you or to any third party for any damages, costs or expenses arising or incurred in connection with any action taken or failure to act that is based upond the information contained in or omitted from this news feed or the documents filed with the SEC.