What can I say to all of you today they announced an OEM deal. Im back in heavy with 200,000k and will be adding unto my positions in coming days. Otherwise watch what is going to happen in coming weeks.
News January 25, 10:14 Eastern Time
SUNNYVALE, CALIF. (Jan. 25) BUSINESS WIRE -Jan. 25, 1999-- Verity to Enable Seamless Web Publishing and Document Conversion
From Within WordPerfect(R) Office 2000 Professional Product,
Code-Named NetDocs
Verity, Inc. (Nasdaq: VRTY), a leading provider of knowledge retrieval solutions for the enterprise and Internet, and Corel Corp. (Nasdaq: COSFF), an internationally recognized developer of award-winning graphics and business productivity applications, today announced an OEM agreement involving Verity's HTML Export technology.
Corel is embedding Verity HTML Export in its new, innovative knowledge publishing application, code-named NetDocs, which will be included in part of Corel's upcoming version of WordPerfect(R) Office 2000 Professional.
An application in the WordPerfect Office 2000 Professional product, code-named NetDocs, Verity HTML Export is designed to provide high fidelity conversion of business documents into HTML for easy Web publishing.
Verity HTML Export allows an organization to publish and view documents from a standard Web browser by instantly regenerating files into HTML directly from their native formats, without requiring an HTML editor or the original application that created them. It is designed to enable Corel users to conveniently convert documents to HTML from within the application's "save as" feature.
Verity HTML Export preserves document characteristics such as tables, graphics, headers and footers and font attributes, and segments documents, spreadsheets and presentations into multiple-linked Web pages with navigational links. Today, Verity HTML Export supports all of the major word processing, spreadsheet and presentation files from each of the popular office applications, including Corel(R) WordPerfect(R).
"We are very excited about the Verity relationship because it allows us to bring the best HTML conversion technology into our product line," said Derek Burney, Corel's executive vice president of Engineering. "We chose Verity because it had terrific technology that could deliver the high-quality solution our customers demanded."
"With its advanced features, Verity HTML Export is designed to make it easy for Corel users to publish documents quickly and easily into HTML from within the application they are using," said Rob Miller, general manager of Verity's KeyView Business Unit. "We are pleased to be working with Corel to bring our well-developed HTML capabilities into its new WordPerfect Office 2000 product."
About Verity
Verity is a leading provider of enterprise knowledge retrieval solutions for corporate intranets, online publishers, e-commerce vendors and market-leading OEMs and ISVs. Verity's product suite enables organizations to turn corporate intranets into a powerful knowledge base by creating corporate portals, making business information accessible and reusable across the enterprise.
Verity's leadership has been recognized by numerous organizations, most recently by Delphi Consulting, which gave Verity the Market Recognition Award based on a survey of 600 corporate users.
Verity's comprehensive and integrated product family enables enterprise-wide document indexing, classification, search and retrieval, personalize information dissemination, and hybrid online and CD publishing -- all from the same underlying Verity collection. Verity's KeyView products also enable viewing of source documents stored in more than 225 formats.
Verity's products are used by more than 1,000 corporations, government agencies, e-commerce sites, on-line service providers, Internet publishers and software developers worldwide. Verity alliances include Adobe Systems, AT&T, CNET, Cisco, Compaq, Dow Jones, Ernst & Young, Financial Times, IBM, MD Consult, NewsEdge Corp., Informix, Lotus, NEC, Netscape Communications, SAP, Siemens Nixdorf, Sybase, Tandem and Time Warner's Pathfinder.
This press release contains forward-looking statements relating to Verity and the expected performance of its Verity HTML Export product as well as integration of its Verity HTML Export product into a third party product that is still under development. Other risks related to Verity and its products are as set forth in its Form 10-K and Form 10Qs as filed with the Securities and Exchange Commission.
For more information, contact Verity at info@verity.com or at World Wide Web site verity.com or by calling 408/541-1500.
Note to Editors: Verity, the Verity logo and Verity are registered trademarks or trademarks of Verity, Inc. Corel, WordPerfect, CorelDRAW,PHOTO-PAINT and the Go Further logo are trademarks or registered trademarks of Corel Corp. or Corel Corp. Limited. Linux is a registered trademark of Linus Torvalds. UNIX is a registered trademark of The Open Group. All other trademarks are the property of their respective owners.
My analysis.
Look at the big picture folks, look at the bigger scenerio unfolding here. Read the fine print. Revenues are going to go through the roof.
Verity alliances include Adobe Systems, AT&T, CNET, Cisco, Compaq, Dow Jones, Ernst & Young, Financial Times, IBM, MD Consult, NewsEdge Corp., Informix, Lotus, NEC, Netscape Communications, SAP, Siemens Nixdorf, Sybase, Tandem and Time Warner's Pathfinder.
More to come. This is an extreme buy situation. The stock is totally undervalued based on what is happening. The stock is trading at a discount to the future potential. |
