VeriSign (VRSN)

Net cash used in investing activities

Net cash used in investing activities of approximately $477.8 million for the nine months ended September 30, 2006 was primarily attributed to net cash paid in business combinations of $543.8 million, purchases of property and equipment of $139.0 million, partially offset by net proceeds from the sales of investments of $157.2 million and payment received on the Network Solutions note receivable and investment of $47.8 million.

Net cash used in investing activities

Net cash used in investing activities of approximately $361.3 million for the six months ended June 30, 2006 was primarily attributed to net cash paid in business combinations of $422.8 million, purchases of property and equipment of $103.6 million, partially offset by net sales of investments of $120.1 million and payment received on the Network Solutions note receivable of $47.8 million.

Net cash used in investing activities

Net cash used in investing activities was $562.4 million in 2006, primarily as a result of $604.8 million used for our acquisitions and $181.6 million for purchases of property and equipment mostly offset by net proceeds from the net sale of investments of approximately $174.7 million and proceeds of $47.8 million from a long-term note receivable.

Net cash provided by investing activities was $143.6 million in 2005, primarily as a result of net proceeds of $367.2 million from the sale of our payment gateway business and net proceeds of $37.0 million from the net sale of investments, mostly offset by $161.3 million used for our acquisitions and $110.8 million for purchases of property and equipment.

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Net cash used in investing activities was $284.9 million in 2004, primarily as a result of $253.8 million used for our acquisitions, $15.9 million used for net purchases of investments and $92.5 million for purchases of property and equipment. These were partially offset by $78.3 million in proceeds from the sale of stock in our VeriSign Japan subsidiary.

Net cash used in investing activities

Net cash used in investing activities of approximately $97.8 million for the three months ended March 31, 2006 was primarily attributed to net cash paid in business combinations of $166.5 million, purchases of property and equipment of $26.8 million, partially offset by net sales of investments of $47.7 million and payment received on the Network Solutions note receivable of $47.8 million.

Net cash used in investing activities

Net cash provided by investing activities was $113.9 million in 2005, primarily as a result of net proceeds of $367.2 million from the sale of our payment gateway business, partially offset by $161.3 million used for our acquisitions and $140.5 million for purchases of capital equipment. Other increases in cash were from net proceeds of investments of approximately $37.0 million and a $16.0 million payment on a long-term note receivable.

Net cash used in investing activities was $284.9 million in 2004, primarily as a result of $253.8 million used for our acquisitions and $15.9 million used for net purchases of investments. In addition, we used approximately $92.5 million for purchases of property and equipment, partially offset by $78.3 million in proceeds from the sale of stock in our VeriSign Japan subsidiary.

Net cash used in investing activities was $368.6 million in 2003, primarily as a result of $292.8 million used for net purchases of investments, $108.0 million for purchases of property and equipment, and $21.2 million for our acquisitions. These purchases were partially offset by proceeds of $57.6 million of cash received from the sale of our Network Solutions subsidiary in November 2003.

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