VeriSign neutral target price raised: related news

VeriSign "neutral," target price raised

NEW YORK, July 7 (newratings.com) - Analysts at Robert W Baird maintain their "neutral" rating on VeriSign Inc (VRSN). The 12-month target price has been raised from $40 to $42.

VeriSign "hold," target price raised

NEW YORK, August 7 (newratings.com) - Analysts at Wedbush Morgan reiterate their "hold" rating on VeriSign Inc (VRSN). The target price has been raised from $35 to $36.

VeriSign "buy," target price reduced

NEW YORK, August 7 (newratings.com) - Analysts at Stifel Nicolaus & Company reiterate their "buy" rating on VeriSign Inc (VRSN). The target price has been reduced from $50 to $45.

VeriSign founder returns to company

VeriSign, the biggest operator of computers that direct Internet traffic, brought back founder Jim Bidzos as interim chief executive, chairman and president as the company works to refocus. Bidzos replaces former CEO William Roper, who unexpectedly resigned this week. Bidzos will help drive VeriSign's efforts to offload the less profitable businesses, the Mountain View company said Thursday in a statement. VeriSign announced plans in November to get out of businesses that don't fit with its Internet operations, such as services that cater to phone companies. Those businesses accounted for about 40 percent of revenue. VeriSign plans to focus on managing Web addresses, certifying that sites are what they claim and protecting online privacy. Bidzos, who founded the company in 1995, will lead that effort while VeriSign looks for a permanent p

Xbox 360 Pro Hits $299 at Target

The Xbox 360 price drop has pretty much gone official, with Target offering an in-store price of $299.99. The only thing weird about this is that it's not the rumored 60GB version that we thought was coming, so it's possible that Target is just clearing out old inventory for the new SKU? We won't know anything for certain until someone from Microsoft gets up on stage and says it. Or until they put out a press release. [Target]

Xbox 360 $299 Confirmed?

There have been rumours doing the rounds of an imminent price drop for Microsoft's Xbox 360 console. The hearsay might indeed be true as advertisements were recently spotted showing the Xbox 360 selling for about $50 less than it's $350 price tag: The Xbox 360 Pro is being sold at Target's brick-and-mortar stores for $299.99. This US price drop follows a similar move in the UK. Could an Indian price drop be far behind? Given the history of the Xbox 360 in India, it could very well be; hopefully, the console will reflect its new international price come Diwali, at the latest.

VeriSign Appoints Founder As CEO

July 7, 2008 (FinancialWire) Digital infrastructure services company VeriSign (NYSE: VRSN) (Current Market Cap: US$7.15 Bil.) has brought back founder and chairman Jim Bidzos to replace outgoing CEO William Roper. Bidzos will be the president and CEO of VeriSign on an interim basis, the company said, in what is one of several recent management shake ups. Roper, whose resignation is effective June 30, had taken over from long-time CEO, Stratton Scalvos, who left unexpectedly in May 2007. Bidzos has served as either chairman or vice chairman of the board of directors of VeriSign since April 1995. The founder had left the company for a few years to go to RSA Security and returned to the role of the chairman at VeriSign in August 2007. FinancialWire is a fully independent, proprietary news wire service of Investrend Information, a division of

EBay (EBAY) NewsBite - EBay Price Target Slashed

EBay Inc. (EBAY) opened at 27.09. So far today, the stock has hit a low of 25.95 and a high of 27.43. EBAY is now trading at 27.22, down 0.27 (-1.00%). The stock hit its 52 week high of 40.73 in October and set its 52 week low of 25.10 in March. EBAY has been dropping for most of the past year. A RBC Capital Markets analyst cut his price target on the stock today to $35 from $40, and said the effect of deals with large online retailers the company's revenue may be more muted due to less-favorable terms. The company had signed a deal with Buy.com allowing it to sell books, electronics and other items on eBay's Website without paying the full complement of fees. Technical indicators for the stock are bearish but slightly improving while S&P gives EBAY a very positive 5 STARS (out of 5) strong buy rating.

Priceline.com shares fall after Citigroup cuts price target to $142 from $161

NEW YORK, Jul 01, 2008 (Thomson Financial via COMTEX) -- PCLN | Quote | Chart | News | PowerRating -- Shares of Priceline.com fell Monday after Citigroup lowered its price target on the company to $142 from $161, citing potential weakness in the company's European division.

Attack Code Published For DNS Vulnerability

get_Rootin writes "That didn't take long. ZDNet is reporting that HD Moore has released exploit code for Dan Kaminsky's DNS cache poisioning vulnerability into the point-and-click Metasploit attack tool. From the article: 'This exploit caches a single malicious host entry into the target nameserver. By causing the target nameserver to query for random hostnames at the target domain, the attacker can spoof a response to the target server including an answer for the query, an authority server record, and an additional record for that server, causing target nameserver to insert the additional record into the cache.' Here's our previous Slashdot coverage."

VeriSign Releases Code Signing Certificates for Adobe AIR

VeriSign, Inc. (NASDAQ: VRSN), the trusted provider of Internet infrastructure services for the networked world, today released VeriSign® Code Signing Certificates for an application on Adobe® AIR(TM). Adobe AIR is a cross-operating system runtime that enables rich Internet applications (RIAs) to be deployed on the desktop. Now, RIA developers can sign their code with VeriSign Code Signing Certificates, which will help assure end users that applications on Adobe AIR are from a trusted publisher and that applications can be securely delivered.

Harman International Industries (HAR) NewsBite - HAR Sinks on Downgrade

Harman International Industries (NYSE: HAR) opened at $38.09. So far today, the stock has hit a low of $36.70 and a high of $39.33. HAR is now trading at $37.76, down $5.24 (-12.19%). Over the last 52 weeks the stock has ranged from a low of $35.74 to a high of $115.28. HAR shares are trading lower today after an analyst at Robert W. Baird downgraded the stock to Neutral from Overweight, and lowered its price target from $55 to $38. Technical indicators for the stock are neutral and S&P gives HAR a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on HAR the stock seems like it could be a candidate for an October out-of-the-money bear-call credit spread above the 45 range. [ABR-Seven Summits Strategic Investments NewsBite]

VeriSign names founder Bidzos as executive chairman, CEO

VeriSign has named Jim Bidzos to the position of executive chairman on an interim basis. Additionally, VeriSign's board of directors has elected Bidzos as president and chief executive officer, on an interim basis, replacing William A Roper, who resigned from the company and the board of directors effective 30 June. As the company's founder and initial CEO, Bidzos has served as either chairman or vice chairman of the board of directors of VeriSign since April 1995. Bidzos has also served in both senior executive and board level capacities with RSA from 1986 to 2002.

ROAMSYS Teams Up with VeriSign Communications Services

VeriSign customers are now able to benefit from the leading RAEX (Roaming Agreement Electronic Exchange) Solution on the market TRIER, Germany – July 21, 2008 – ROAMSYS, a leading provider of RAEX solutions to the wireless industry today announced a referral arrangement with the VeriSign Communications Services division, a US based wireless clearing agent . Under the terms of the agreement, ROAMSYS will provide RAEX solutions to VeriSign customers.

VeriSign Shares Drop Following CEO Change

July 8, 2008 (FinancialWire) Shares of VeriSign (NYSE: VRSN) (Current Market Cap: US$6.47 Bil.) dropped in the first trading day after the company said William A. Roper resigned as chief executive and founder Jim Bidzos was appointed to the position on an interim basis. Shares of the Internet processing company sank 9.5% to $33.25. During a conference call last week, Bidzos said that Roper's departure was voluntary, and that VeriSign's board is searching for a leader to guide the company into its next growth phase. Bidzos said during the call that while the divestiture process is not facing "the best market conditions in the world," VeriSign expects to be on track by the end of the year with its plans. FinancialWire is a fully independent, proprietary news wire service of Investrend Information, a division of Investrend Communications, In

VeriSign Board of Directors Names Company Founder Jim Bidzos to Executive Chairman, President and CEO

MOUNTAIN VIEW, CA, Jul 03 (MARKET WIRE) -- VeriSign, Inc. (NASDAQ: VRSN) today announced that its board of directors has named Jim Bidzos executive chairman, on an interim basis. Additionally, the board of directors elected Mr. Bidzos president and chief executive officer, on an interim basis, replacing William A. Roper, who resigned from the company and the board of directors effective June 30, 2008. As the company's founder and initial CEO, Mr. Bidzos has served as either chairman or vice chairman of the board of directors of VeriSign since April 1995. Mr. Bidzos also served in both senior-executive and board level capacities with RSA from 1986 to 2002. "VeriSign remains committed to our strategy of focusing the company on its core businesses while continuing the divestiture of all non-core operations, which will proceed as planned.

Xbox 360 price cut, 60GB model coming soon?

Xbox 360 price cut, 60GB model coming soon? If you are thinking of buying an Xbox 360 console you may want to wait a couple weeks, as reports are circulating that Microsoft will be announcing a price cut in time for this year’s E3 show in mid-July. The reports are based on an alleged leaked scan of an upcoming K-mart ad that shows a $50 reduction on the standard 20GB Xbox 360 console, bringing it to a $299 price point.

Rumor Says Xbox 360 Getting Another Price Cut in September

The Xbox 360 "price cut" in July wasn't so much a price cut as it was a swapping of parts, but Ars says there's an actual price cut coming in September. According to their source—who also told them about the impending 60GB switch-out prior to E3—the Arcade is dropping to $199, the 60GB Pro to $299, and the 120GB Elite to $399. So say we all. [Ars Technica]

Wedbush Morgan Upgrades VeriSign (VRSN) to Buy

The firm said, "While VeriSign may experience modestly slower growth for its domain name and SSL certificate units, given our belief there is minimal risk to new expectations, the company is over-delivering on margins, and expects a positive impact from share repurchases, we see opportunity at current levels. We also continue to like the solid growth and visibility of VeriSign’s business model. Our target is based upon our DCF analysis plus $3 for discontinued operations. This represents a 22x multiple on our 2009 pro forma EPS estimate of $1.48 after adjusting for the $3 for the discontinued ops. This is a slight premium to our estimated long-term earnings growth rate of 21%."

Kelley Drye & Warren Response: Neutral Tandem Patent Infringement Lawsuit is Baseless

CHICAGO (Business Wire) -- Neutral Tandem, Inc. (NASDAQ:TNDM) is attempting to limit competition in the telecommunications market by filing a patent infringement lawsuit against Peerless Network, LLC, a growing competitor in the field, according to a court filing made on behalf of Peerless Network by Kelley Drye & Warren, its counsel. Peerless made these allegations in its response to Neutral Tandem's lawsuit in which it also sought a decision that the patent is invalid and that Peerless does not infringe the patent in any event. Peerless is also bringing counterclaims against Neutral Tandem for damages under federal and state antitrust and unfair competition statutes.

Microsoft to cut price of Xbox 360 to US$299

Microsoft plans to lower the price of the Xbox 360 model with the 20 gigabyte hard drive this weekend before the video game industry's biggest trade show, E3, taking place next week in Los Angeles. A price cut has been widely reported by popular video game blogs and technology Web sites. Many posted snapshots of flyers from various retailers advertising the US$299 price.

Microsoft to Slash Price of Xbox 360 Pro

The Hollywood Reporter reveals that Microsoft is planning on slashing the price of its Xbox 360 Pro version of gaming console by $50 in the coming few weeks. Which means the Xbox 360 Pro will bear a price tag of $299 after the price cut.

Profitability over quantity: Sony denies PS3 price cut rumors

Strong evidence of a price drop for the Xbox 360 has many expecting a formal announcement from Microsoft this weekend, just prior to its E3 press conference on Monday. As a result of this, many have been quietly suggesting that Sony may respond in turn with a price drop of its own. As it stands, though, Sony has officially denied the rumors, stating that it has "no plans" to cut the PS3 price.

Xbox 360 20 GB Price Cut "While Supplies Last"

Erik J sends word that the rumored price cut on the 20-GB Xbox 360 is true, sort of. The Seattle PI's coverage says: "But the reduction isn't exactly what it might have appeared. In reality, it's more like a clearance sale, designed to empty the shelves for a new Xbox 360 with three times the digital storage, at the same price as before... As widely reported in advance, Microsoft is dropping the price of the 20-gigabyte Xbox 360 to $299.99. The unexpected twist: Sales of that model will end when current supplies run out."

Sony rejects claims of PS3 price cut...

Sony has no plans to slash the PlayStation 3's price in the near future, company CFO Nobuyuki Oneda said on Friday. The Japanese executive insists that Sony's goal remains to make the Blu-ray game system profitable by reducing the price of its individual parts. Selling extra games should also help the PS3's bottom line, Oneda says. He declines to estimate when a price cut could take place.

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