A True "Explosion" For Veritas

As technology research chief in New York for investment firm Invesco, Jay Nakahara (left) scouts for companies that have leading-edge technology but don't yet have marquee names. He thinks fast-growing Veritas Software (VRTS), a leader in enterprise data-storage management, is such a gem: one that he figures is still underpriced, in spite of the strong surge of its stock. Its shares, trading at 32 in August, had zoomed to 157 by Jan. 26. But Nakahara isn't at all concerned by the high valuation placed on the stock.

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