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VeriSign Completes Sale of Payment Gateway Business to eBay
VeriSign completed its previously announced sale of its payment gateway
business to PayPal, an eBay company, on November 18, 2005. In
accordance with the terms of the asset purchase agreement announced
on October 10, 2005, PayPal paid $370 million in cash to VeriSign upon
closing of the transaction
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VeriSign Reports Q3 2005 Financial Results
VeriSign, Inc. (Nasdaq: VRSN), reported its results for the third
quarter ended September 30, 2005. VeriSign reported revenue of $415
million for the third quarter of 2005, a 28 percent increase compared
to the same period of 2004. On a GAAP basis, VeriSign reported earnings
per share of $0.17 per fully diluted share. On a non-GAAP basis, using
a 30% effective tax rate on non-GAAP pre-tax income of $102 million,
earnings per share for the third quarter was $0.27 per fully diluted
share.
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VeriSign Sets Date for 2006 Analyst Day
VeriSign has set the date for the Company’s annual Analyst Day
to take place on Thursday, May 25, 2006 at VeriSign’s corporate headquarters
in Mountain View, California. Details on the event agenda and
registration will be forthcoming.
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