SUNNYVALE, Calif., Sept. 18 /PRNewswire-FirstCall/ -- Verity, Inc, a leading provider of infrastructure software powering corporate intranets and e-commerce sites as well as e-business applications, today announced the elimination of about 50 positions within the company, or about a 12 percent reduction. This move is being made at this time in order to reduce operating expenses and to position the company to achieve its goal of continued profitability. This action is consistent with the revenue and profitability projections Verity made on its quarterly earnings call on September 12, 2002.
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