Mountain View, Calif. -- Looking to return to its more profitable roots, VeriSign, the Mountain View-based provider of Internet infrastructure services, said on Wednesday that it plans to sell off several of its businesses to focus on its core web certificate, Internet registry and identity protection services. The company said that it will divest its communications, billing and commerce businesses, among others. All told, the company could sell as many as 10 of its 15 units by mid-2009, according to The Wall Street Journal. "The combination of focus and disciplined execution will provide the foundation we need to generate improved shareholder returns," says Bill Roper, VeriSign's CEO.
http://www.verisign.com/press_releases/pr/page_043088.html
http://www.verisign.com
http://online.wsj.com/article/SB119500841715092326.html?mod=djemalert (subscription required)
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