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Technology Stocks : VERISIGN -- is the IPO hot? -- Ignore unavailable to you. Want to Upgrade?


To: Frank Perlmutter who wrote (26)2/2/1998 7:28:00 PM
From: Francis Gaskins  Respond to of 29
 
Went public (1/30/98, Friday) at $14 a share (up 40% from its initial price range of $9 to $11 a share). Jumped 11 points on its first day of trading.

Up again today (2/2/98, Monday) reaching an intraday high of $37 1/4 before settling back to close at $31 a share.

However, can VRSN hold off competitors GTE and IBM? And how visible is the revenue stream from VRSN's portion of e-commerce?

For more about potential competition see gaskinsco.com
and select VeriSign