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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: AL TOTH who wrote (75435)	12/15/1999 10:46:00 AM
From: H James Morris	Read Replies (3) \| Respond to of 120523

Happy, thanks. Aren't you glad you don't own Verity? Do you think the party is over? << Sunnyvale, California, Dec. 15 (Bloomberg) -- Shares of Verity Inc., a maker of Internet software, fell as much as 51 percent after its fiscal second-quarter profit fell and revenue was lower than expected because the company didn't complete several expected sales. Verity fell 23 3/4 to 25 1/2 in early trading of 5.1 million shares, making it the second most actively traded U.S. stock. The Sunnyvale, California-based company's shares fell as low as 24 7/8, the second biggest decline. Verity, a maker of software used to find and organize information, said late yesterday that it was hurt by weaker sales of its software to large companies, which use it to help workers access information on private computer networks. Net income for the quarter ended Nov. 30 fell to $1.54 million, or 9 cents a share, from $2.37 million, or 18 cents, in the year-ago period. That is below the 12-cent average estimate of five analysts surveyed by First Call Corp. Revenue rose 10 percent to $16.72 million from $15.2 million. The per share results aren't adjusted to reflect the company's 2 for 1 stock split that was effective Dec. 3. Dec/15/1999 9:42 >>