The Verisign Chop

Verisign (VRSN), that company that validates the security of the websites you buy stuff off of. But they are bigger than just that. At least for now. While some think that Verisign needs another acquisition, I have heard rumblings lately that they will be chopping off or selling large sections of their business (e.g. like 10 or more business units across both divisions). This has been confirmed by those inside the company. Apparently, a 85% profit margin isn’t good enough for some business units that they must go…

Tagged as: Rumors, Verisign