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

To: Mehitabel who wrote (882)	1/24/2000 11:52:00 AM
From: AugustWest	Read Replies (1) \| Respond to of 1285

(REUTERS) RESEARCH ALERT - VeriSign estimates raised RESEARCH ALERT - VeriSign estimates raised NEW YORK, Jan 24 (Reuters) - Credit Suisse First Boston said on Monday that it had raised its earnings and revenue estimates for VeriSign Inc. <VRSN.O>. -- Earnings per share for 2000 are expected to be 24 cents per share, up from 16 cents a share previously estimated. EPS for 2001 are expected to be 42 cents, up from 33 cents. -- Revenues for 2000 are expected to be $141 million, up from $134 million. Revenues for 2001 are expected at $208 million, up from $198 million. -- "We continue to believe that VeriSign should be a core holding for those investors looking to invest in the growth in electronic-commerce and the Internet," wrote analyst Todd Raker in a research note. -- He also said he is looking for strong sequential growth over the next few quarters. -- Last week VeriSign reported a profit of 4 cents versus a loss of 6 cents in the year-ago quarter and ahead of Credit Suisse's estimate for a 2 cents profit. -- On Friday shares of VeriSign closed at 207-15/16 in trade on the Nasdaq stock market. ((-- Barbara Etzel, New York technology desk, (212) 859-1860)) REUTERS * end of story *