Verity (VRTY) was down 12.9% in preopen Island trading after it posted earnings of 25 cents a share for the fourth quarter, in line with analysts' estimates and up from 20 cents in the year-ago period.

The Internet search software maker warned that first-quarter earnings would be 11 cents to 14 cents a share.

Analysts were expected 23 cents, according to Thomson Financial/First Call. For 2002, the company expects 85 cents to $1 a share, vs. analysts estimates of $1.06.