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

To: Platter who wrote (253)	10/20/1998 3:39:00 PM
From: Platter	Respond to of 1285

From Briefing.com...INTERNET DUDS: Underwriting firms are finding themselves in a very unusual position-- begging investors to take in shares of their recent Internet deals. Not only have the majority of these offerings failed to measure up to the Internet IPO standard set by the likes of broadcast.com (BCST), VeriSign (VRSN) and Inktomi Corp (INKT), but they have been one of the worst performing groups of the entire market. Where there is misery, there is usually opportunity. Over the past two years, one thing that we've learned about Internet IPO's that struggled early is that, in the majority of the cases, they not only come back, but they fly. It should be noted, however, that these stocks' ability to recover is probably more a function of the momentum investing environment created by the prolonged bull market. So if you are of the opinion that the bull still has legs, beaten-down Internet IPOs may be a good place to scavenge in search of long-term value. The following table lists the recent Internet initial public offerings which were initiated coverage today by various firms. (For specific ratings see the Upgrades/Downgrades page. In terms of valuation, shares of electronic commerce security services concern Pilot Network Services Inc. (PILT) and electronic commerce solutions/software company Digital River Inc. (DRIV) are the two names that standout.

To: Platter who wrote (253)	10/20/1998 3:41:00 PM
From: Platter	Read Replies (1) \| Respond to of 1285

The sole Internet deal expected to hit the market week, shares of Entrust Technologies (ENTU) are already benefitting from strong interest. Expected to go out between $14 and $16, the deal priced on the high-end of the range. Moreover, the size of the offering was boosted from 7.1 mln shares to 7.7 mln (+8.5%). Out of the three major deals scheduled to begin trading today (including a cable modem company and a provider of wireless telecom infrastructure), Entrust is the only one that priced on the high-end of the offering range. The Richardson, Texas-based company is a developer of software that through the management of digital certificates allows companies to manage secure electronic communications and transactions. If the performance of competitor VeriSign (VRSN) since its debut as a public company is any indicator, Entrust Technologies should be a strong performer. VeriSign, a provider of digital certification authority products, came to market in late-January at $14 per share. The stock rose 11 1/2 points, or 82%, on its first day of trading, and rallied to $49 over the next several months (Chart). Unfortunately for both VeriSign and Entrust Technology, several heavy hitters have announced plans to enter this space, including, guess who-- Microsoft. Security Dynamics (SDTI) and Network Associates (NETA) will compete directly with Entrust. ENTU shares just opened. Stock trading at $23.375 plus 7.375 pts, after opening at $22.125....from brieifng.com recently