Credit Suisse First Boston Announces Investment Opinion.PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BUSINESS WIRE)--Sept. 20, 1999-- Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. Initiates Coverage of VeriSign, Inc. with a Buy Rating Credit Suisse First Boston Technology Group analyst Todd Raker initiated coverage today of VeriSign, Inc. with a Buy rating. Revenue and EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. estimates for FY99 and FY00 are $79.3 million & $0.04 and $127.3 million & $0.30, respectively. VeriSign, Inc. is a leading provider of digital certificate solutions and infrastructure needed by companies, government agencies, trading partners, and individuals in order to conduct trusted and secure communications and commerce over Internet Protocol See Internet and TCP/IP. (networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol. (IP) networks. Raker believes VeriSign is an attractive growth story, as the leading provider in the digital certificate market and public key infrastructure (PKI (Public Key Infrastructure) A framework for creating a secure method for exchanging information based on public key cryptography. The foundation of a PKI is the certificate authority (CA), which issues digital certificates that authenticate the identity of ). He sees VeriSign as the dominant player in the Web site digital certificate market and expects Web-site certificates to grow 15% sequentially quarter-over-quarter for the foreseeable future. "VeriSign should continue to control this market," he writes in a research note issued this morning. "The PKI market is characterized by high barriers to entry, and VeriSign is a leader in the enterprise PKI market with a differentiated, service-based product; we expect the PKI market to grow from $225 million in 1998 to $2.6 billion in 2001." Credit Suisse First Boston is a leading global investment banking firm, providing comprehensive financial advisory, capital raising, sales and trading, and financial products for users and suppliers of capital around the world. It operates in over 60 offices across more than 30 countries and has over 14,000 employees. For the year ended December 31, 1998, CSFB CSFB Credit Suisse First Boston CSFB Cyclically Shifted Filter Bank had $6.7 billion in revenues, $7.1 billion in equity and $291 billion in assets. The Firm is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of the Zurich-based Credit Suisse Group. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. |
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