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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum -- Ignore unavailable to you. Want to Upgrade?

To: Ron who wrote (4538)	2/13/2001 11:07:55 PM
From: puborectalis	Respond to of 6445

VRTS short squeeze tomorrow.........Veritas CFO says first quarter off to strong start SAN FRANCISCO, Feb 13 (Reuters) - Veritas Software Corp. (NasdaqNM:VRTS - news), one of the few technology players that expects its sales to accelerate despite the weakening economy, on Tuesday said January's revenue numbers exceeded company forecasts. ``The quarter started off very strong,'' Veritas Chief Financial Officer Ken Lonchar told analysts at the Robertson Stephens Technology Conference in San Francisco. Veritas is seeing more and larger deals and no sales cycle expansion, said Lonchar, who added that the company was planning to release a mid-quarter update on March 5. Lonchar is among a select few CFOs who are giving such guidance of late. More often, the word from technology companies is that sales are taking longer to close and when they do, the dollar values attached are smaller than originally planned. Late last month, the Mountain View, Calif.-based maker of data management software reported fourth-quarter pro forma results that handily beat expectations. Executives from the fast-growing company said first-quarter revenue would be about 4 percent higher than the fourth quarter. For the year, the company expects sales to grow between 45 percent to 50 percent.