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1 posted on 10/16/2003 11:03:33 AM PDT by HAL9000
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To: HAL9000
What this press release conveniently omits is that Verisgn bought Network Solutions for $20 billion. Yes, billion.

Of course, that wasn't cash; it was Verisign stock. At the time, the stock was traded at almost $250. Today, it is just above $15.

So, if you do the math, Network Solutions investors lost 94% of their money, or 18.8 billion, and Verisign lost about 1.1 billion. The "new economy" in action.

2 posted on 10/16/2003 10:07:15 PM PDT by John Locke
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