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

To: 10K a day who wrote (1176)	2/2/2001 9:42:01 AM
From: Labrador	Read Replies (2) \| Respond to of 1285

CSFB Today FIRST EDITION VeriSign, Inc. (VRSN, $75.00, Strong Buy) Target (12 Months): $200 We Reiterate Our Strong Buy Rating Off Of Our Belief In Verisign's Ability To Exploit Numerous Market VeriSign hosted an insightful analyst day yesterday offering detailed metrics that should allow investors to better understand VeriSign's business going forward. Management announced that it was seeking to restructure ownership of the NSOL registrar to ensure that the NSOL Registry would be granted an automatic four- year extension on its monopoly of .com, .org, and .net directories. With the government's May deadline, we expected this development, however management is providing little insight or guidance on the end outcome of this process. As a result we believe that near-term uncertainty has increased. The biggest issue VRSN faces today is the renewal of roughly 20 million domain names over the next four quarters. Investors will not gain resolution on this issue until March at the earliest. We reiterate our Strong Buy rating off of our belief in VeriSign's ability to exploit numerous market opportunities (PKI, payment services, web identity, ENUM, cable modem, and wireless). However, we recognize that near-term uncertainty exists surrounding the restructuring of the Registrar ownership and the on-going domain name renewal rate. Annual EPS 12/02E $1.03 12/01E 0.58 12/00A 0.37A