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Technology Stocks : Check Point Software (CHKP)

CHKP 186.76

+1.4%

Nov 28 12:59 PM EST

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To: Analog Kid who wrote (4342)	9/5/1999 8:47:00 AM
From: shlomi cohen	Read Replies (1) of 7150

Hi Analog Kid, Heard on Thursday a presentation in Israel by CHKP CEO, Gil Shwed, and let me tell you that I never heard him so bullish. This presentation assured me what I felt lately that CHKP has becoming the Gorilla of the IP Networks security. Here are some notes: Q2 was so strong that he asked customers with large ordered installations to postpone shipments. (Check deferred revenues in the Balance Sheet which went from $12M on 12.31.98 to $21.4M on 06.30.99). They do not see real competition. As for y2k slowdown fears he said that he does not know how he can handle the demand if y2k was not here. As for Q3 he said that he feels this year that nobody is going for vacation on August according to the demand. He has great expectations from the new products they announced on August 30. He sees 50% growth toward the end of the year versus 35%-40% he forecast at the start of the year. As for split he said "I do not see economic advantages beside commissions to brokers". Regards, Shlomi.

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