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VeriSign reported second quarter profits in line with estimates, but shares drop as financial data shows a slight drop in revenue.
CFO Dana Evan resigns as VeriSign restates financial reports from as early as 2002 to take into account millions of dollars worth of stocks. Shares rise as investors are glad to be rid of the executive responsible for denying them their shares of company profits.
William Roper is announced as new CEO and President of VeriSign, causing shares to rise as investors express their confidence in the change in stewardship.