According to a Gartner Inc. report released last week, hes right (at least so far): The research firm says Veritas was No. 1 in the $3.2 billion non-array-based storage software market with 27.6 percent share (see Gartner: Veritas Leads in SMS).
Before todays earnings release, Veritas traded up nearly 3 percent, closing at $20.36 -- having lost more than $10 off the price since the company announced its first-quarter earnings for 2002. Still, the companys stock has started gradually climbing back from its 52-week low of $10.30 per share in October.
"Its at least valued fairly, probably more than fairly," says Berg. "Veritas has always been an investor darling, and with good reason."
Meanwhile, Gillis said the company currently employs 5,616 people, and expects nominal growth in headcount over the next quarter.
Eugénie Larson, Reporter, Byte and Switch
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