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

To: Patriarch who wrote (321)	12/8/1998 8:06:00 PM
From: Patriarch	Read Replies (1) \| Respond to of 1285

VeriSign sees breakeven results/profit NEW YORK, Dec 8 (Reuters) - Security software supplier VeriSign Inc. said Tuesday it expects to post break-even results or a profit in the third quarter of 1999 and sees electronic commerce driving future business. Speaking to investors at a Warburg Dillon Read investor conference in New York, VeriSign Chief Executive Stratton Sclavos said he was "comfortable" with estimates the company would break into the black during next year's third quarter. VeriSign shares were 47-1/4 in Tuesday afternoon trade, up 3-3/8 from Monday's close. VeriSign, a Mountain View, Calif.-company that went public in January, expects electronic commerce to provide the major market for its digital certificate software that certifies users are who they claim to be -- a crucial requirement for performing any sort of secure digital communications. "We're trying to see add-on services to help companies manage their e-commerce requirements," Sclavos said in an interview. "This (digital signature software) will be the foundation of...e-commerce growth." VeriSign currently competes with GTE CyberTrust, a unit of GTE GTE , and the company expects to compete in the future with International Business Machines IBM and Equifax EFX . "Sclavos said VeriSign currently has a 90 percent market share in public key infrastructure and digital certificate software used by web sites. ((Andrew Hay - New York Newsdesk 212-859-1700)) REUTERS