VeriSign Names Bidzos As Interim CEO After Roper Resigns
Thursday July 3rd, 2008 / 19h06
DOW JONES NEWSWIRES VeriSign Inc. (VRSN) named Jim Bidzos as interim executive chairman, president and chief executive, replacing William A. Roper, who resigned Monday. Since Roper was named CEO in May 2007, he had slimmed down the company and refocused on its core Internet-services businesses. VeriSign, which provides Internet-payment security services, also said it expects second-quarter revenue will meet or exceed current estimates by analysts. The mean estimate of analysts polled by Thomson Reuters is $231 million, down 37% from a year earlier. VeriSign will report second-quarter results Aug. 6. In the first quarter, the company swung to a loss on a write-down of the value of some assets and a restructuring charge. Revenue rose 7.9%, climbing 23% in the Internet services group, comprising VeriSign's core businesses including Website naming and security services. Bidzos, the company's founder and first CEO in 1995, has served as chairman or vice chairman of the board since April 1995. VeriSign's shares fell 1.3% to $36.25 in after-hours trading. They closed down 1.3% on Thursday. -By Kathy Shwiff, Dow Jones Newswires; 201-938-5975; Kathy.Shwiff@dowjones.com Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/al?rnd=YR4uBIqxai%2BnNiEwRngPJQ%3D%3D. You can use this link on the day this article is published and the following day.
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