VeriSign Inc. (VRSN:NASDAQ)

VeriSign Inc. announced its strategic approach for working with the Internet community to deploy DNS Security Extensions (DNSSEC) in the .com and .net Top Level Domain Names (TLDs). Through a collaborative industry-wide effort, VeriSign, and the ICANN and business communities can play a part in helping to protect the Internet's Domain Name System (DNS) from 'man in the middle' and cache poisoning attacks. DNSSEC offers the potential to strengthen the infrastructure of the Internet by authenticating the origin of DNS data and verifying its integrity while moving across the Internet. DNSSEC protects the Internet community from forged DNS data by using public key cryptography to digitally sign DNS data. Digital signing can assure that the data originated from the stated source and that it was not modified in transit. DNSSEC can also prove that a domain name does not exist. As a result, DNS queries and responses are protected from the kind of forgeries that could possibly redirect Internet users to phishing and pharming sites, or 'man in the middle' attacks that intercept communications between two systems. VeriSign has made a careful and methodical roll-out of DNSSEC a strategic priority and is currently working with EDUCAUSE and the Department of Commerce (DoC) to deploy DNSSEC within the .edu TLD. VeriSign is applying lessons learned from its partnership with EDUCAUSE as well as industry-wide best practices from early DNSSEC implementations. Starting with smaller scale implementation and progressively increasing in size and learning from deployment experience, VeriSign anticipates completing DNSSEC implementation on .net and .com by the first quarter of 2011.

VeriSign Inc. reported unaudited consolidated financial results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net income attributable to parent and subsidiaries common stockholders of $53.6 million or $0.28 per basic and diluted share on revenue of $258 million, compared to net loss attributable to parent and subsidiaries common stockholders of $201.1 million or $1.03 per diluted share on revenue of $245.9 million, a year ago. Operating income was $75.1 million compared to $67.2 million a year ago. Income from continuing operations before income taxes and loss from unconsolidated entities was $66.5 million compared to $53.7 million a year ago. Income from continuing operations, net of tax attributable to parent and subsidiaries common stockholders was $48.4 million or $0.24 per diluted share, compared to income from continuing operations, net of tax attributable to parent and subsidiaries common stockholders of $42.34 million or $0.21 per basic and diluted share, a year ago. On a non-GAAP basis the company reported net income attributable to parent and subsidiaries of $64 million and diluted earnings per share of $0.33. Capital expenditures, on a consolidated basis, were approximately $25 million. For the nine months, the company reported net income attributable to parent and subsidiaries common stockholders of $153.51 million or $0.79 per diluted share on revenue of $769.6 million, compared to net loss attributable to parent and subsidiaries common stockholders of $278.33 million or $1.37 per diluted share on revenue of $723.23 million, a year ago. Operating income was $234 million compared to $78.7 million a year ago. Income from continuing operations before income taxes and loss from unconsolidated entities was $210.8 million compared to $56.41 million a year ago. Income from continuing operations, net of tax attributable to parent and subsidiaries common stockholders was $139.5 million or $0.71 per diluted share, compared to income from continuing operations, net of tax attributable to parent and subsidiaries common stockholders of $45.8 million or $0.21 per diluted share, a year ago. Net cash provided by operating activities was $222.04 million compared to $363.04 million a year ago. Purchases of property and equipment were $66.1 million compared to $88.1 million a year ago. On a non-GAAP basis the company reported net income attributable to parent and subsidiaries of $187.5 million and diluted earnings per share of $0.97.

VeriSign Inc. announced that Postbank, is bringing trust and reassurance to its iPhone-equipped mobile banking clients through VeriSign(R) Extended Validation (EV) Secure Sockets Layer (SSL) Certificates. Postbank has protected its Web site with VeriSign EV SSL since October of 2007. By extending that protection to its iBanking offering, Postbank is making online banking safer than ever. This month, Postbank began offering the same safeguards to iPhone users who access its iBanking service via their Safari mobile browsers. By equipping its acclaimed iBanking site with VeriSign EV SSL protection, Postbank offers an instantly recognizable visual cue that tells customers they have reached a site whose authenticity has been verified by VeriSign. When Postbank customers reach the authentic iBanking site, their Safari browser's address bar turns green, signaling they can conduct their transactions with confidence and that all data transmitted to the site will be encrypted.