Verisign put security business up for sale-source

* Verisign declines comment

* Verisign CFO pulls out of JPMorgan investor conference

* Verisign shares rise 3.9 percent

By Jim Finkle

SAN FRANCISCO, May 18 (BestGrowthStock) – Verisign Inc (VRSN.O: )
recently approached some companies to see if they want to buy
its security business, which helps online merchants encrypt
payment card data, said a person with knowledge of the matter.

The person spoke on condition of anonymity because he is
not authorized to discuss the effort.

Shares of Verisign were up 3.9 percent in afternoon trading
on speculation that the company could be up for sale, after
news emerged that its chief financial officer, Brian Robins,
suddenly canceled plans to speak at a JPMorgan investment
conference later on Tuesday.

Company spokesman Brad Williams said that Robins had a
last-minute schedule change but declined to elaborate. When
asked if Robins was working to sell the company or its security
business, Williams declined comment.

The security business helps encrypt Internet commerce
transactions, verify the identity of websites and secure
internal networks.

Verisign shares rose $1.03 to $27.87 in afternoon Nasdaq
trade. Options activity in Verisign also surged, with some
33,000 call options traded, or more than 15 times the average
daily turnover.


(Reporting by Jim Finkle, additional reporting by Doris
Frankel; Editing by Tiffany Wu and Steve Orlofsky)

Verisign put security business up for sale-source