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Technology Stocks : Veritas (VRTS) -- Ignore unavailable to you. Want to Upgrade?

To: kendall harmon who wrote (229)	10/6/1998 8:10:00 PM
From: chenys	Read Replies (1) \| Respond to of 742

Here is the CEO to all employees and (maybe) investors: On Oct 6 Leslie, Mark wrote: To all of my fellow employee shareholders: I am sure that you all know that our stock has been pummeled today. Many of you may remember the Veritas OpenVision merger, where our stock went from 54 to 22 over a three month period. After the close of the transaction the stock went up -- we had two 3 for 2 splits and two weeks ago it hit a high of 58. Reversing out the splits that means the stock went up to 105! Wall street hates high-tech mergers, and they need a bit of time to get used to the new accounting of not looking at good will amortization. However, we are receiving broad support from the investment banking analysts and we have some very loyal investors. Most importantly, we do not set the strategy for this company based on what investors might think of it on the day of announcement. We set that strategy based on a two to five year analysis of the market, the technology and the competitors. We have deep conviction that we are building the most important company in this space, and that we will prevail. We believe that we will emerge from this much stronger than when we went in. So, this is a time that tests our convictions, a time to show the courage of our convictions. Thanks in advance for your support. best, --mark