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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Tunica Albuginea who wrote (67982)	1/30/2001 3:10:45 PM
From: stockvalinvestor	Read Replies (1) \| Respond to of 99985

VRTS: Positive News Just Released. Stock hasnt reacted yet and could be good for a few point bounce. Veritas CEO Bloom Sees `Upside Opportunity': Company Comment Santa Barbara, California, Jan. 30 (Bloomberg) -- Veritas Software Corp. Chief Executive Gary Bloom spoke today to analysts and investors at Merrill Lynch & Co.'s Storage Technology Conference, which runs through tomorrow at the Bacara Resort & Spa in Santa Barbara, California. Veritas develops software that manages and protects computer information on network storage systems. On the effect of a slowing economy: ``We have insulation. We have not seen a slowdown. If there is a complete meltdown in IT (information technology) spending, then we would not be insulated.'' ``There is an explosion of data volume.'' Financial outlook for the Mountain View, California-based company: ``We are seeing phenomenal strength in the way the financials look for the company.'' ``We are not changing our guidance, but there is an opportunity to gain efficiency. There is an upside opportunity.'' Jan/30/2001 13:58 ET