Re: [ga] Accounting irregularities at Verisign?

[William X Walsh <william@wxsoft.info>]

Wednesday, Wednesday, February 06, 2002, 10:51:56 PM, William X Walsh wrote:


> http://biz.yahoo.com/rf/020206/n063934_2.html

More from morningstar.com:
http://biz.yahoo.com/ms/020206/13157.html
-=-=-=-=-=-=-=-=-=--=-=-=-=-=-=-=-=-=--=-=-=-=-=-=-=-=-=-
E-commerce services company VeriSign VRSN tumbled 9.5% to $23.93 after
investors reportedly fretted over the company's accounting habits. In
its recent 10-K filing, VeriSign said it invested in a number of
``related parties'' that buy its products and services. Revenue
generated from each related party accounts for less than 1% of annual
sales. VeriSign shareholders have to wonder, though, how many
``related parties'' exist, said Morningstar's Trigg. ``Whatever the
exact number, the quality of any of this revenue should be
questioned,'' he said.
-=-=-=-=-=-=-=-=-=--=-=-=-=-=-=-=-=-=--=-=-=-=-=-=-=-=-=-


-- 
Best regards,
William X Walsh <william@wxsoft.info>
--

"There is no better way to exercise the imagination than the study of
the law. No artist ever interpreted nature as freely as a lawyer
interprets the truth."
-- Jean Giradoux

--
This message was passed to you via the ga@dnso.org list.
Send mail to majordomo@dnso.org to unsubscribe
("unsubscribe ga" in the body of the message).
Archives at http://www.dnso.org/archives.html