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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 Q4 Financial Results
VeriSign, Inc. (Nasdaq: VRSN) today reported its results for
the fourth quarter and year ended December 31, 2005 with total revenue
of $401 million for the fourth quarter of 2005. On a GAAP basis, VeriSign
reported earnings per share of $1.06 per diluted share. On a non-GAAP
basis, using a 30% effective tax rate on non-GAAP pre-tax income of
$94 million, earnings per share for the fourth quarter was $0.26 per
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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