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Technology Stocks : Verity (VRTY) -- Ignore unavailable to you. Want to Upgrade?

To: Joe See who wrote (610)	12/16/1997 6:48:00 PM
From: Adam Smith	Read Replies (1) \| Respond to of 1011

Conf call went very well. Lots of positive stuff and sense that the current management team has got the company back on track. CEO(Sbona) was very confident and sounded like a hands on tough CEO. The revs were up, expenses down somewhat, turnover down signifcantly. Expenses included 3MM one time writeoff. DSO's were down to 85 days and they plan on going lower. Cash burn was 3.5MM and they plan on declining to 8.5MM cash before they turn around. CEO(Sbona) is watching cash on a daily basis so don't expect a decline below those numbers. VP Sales Betennencourt sounded very good and positive. The street liked what they heard. I think you'll see the stock climing into next quarter.