VRSN » Topics » Additional Financial and Business Highlights
This excerpt taken from the VRSN 8-K filed Jan 31, 2008.
Additional Financial and Business Highlights
During the quarter, the company repurchased 6.6 million shares of common stock at an average price of $30.70.
VeriSign ended the fourth quarter with Cash, Cash Equivalents, Restricted Cash and Short-term Investments of $1.4 billion, an increase of approximately $255 million
from the prior quarter, and an increase of $675 million over last year.
Capital expenditures were approximately $58 million for the fourth quarter and approximately $152 million for the year.
Deferred revenue on the balance sheet was $739 million as of December 31, 2007, an increase of $28 million from the prior quarter and up $131 million
Net days sales outstanding (Net DSO), which takes into account the change in deferred revenue balances, was 44 days at the end of Q4.
VeriSign announced at its Analyst Day on November 14, 2007 its intention to focus on Internet infrastructure services and, as a result, divest itself of a
number of businesses over the course of 2008.
Timothy Tomlinson was appointed to the companys Board of Directors on November 5, 2007. He serves on the Audit Committee and the Compensation Committee.
Mr. Tomlinson was previously a member of VeriSigns Board of Directors from 1995 until 2002.
Ken Silva has been named the companys Chief Technology Officer. Mr. Silva has more than 20 years of experience in security and telecommunications and
previously held the position of Chief Security Officer at VeriSign.
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