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Technology Stocks : Check Point Software (CHKP)
CHKP 185.66-2.6%Nov 19 3:59 PM EST

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To: P.M.Freedman who wrote (6797)7/2/2002 8:04:53 AM
From: John Carragher  Read Replies (1) of 7150
 
7:04AM Check Point Sftwr cut to Mkt Perform at JP Morgan (CHKP) 12.11: JP Morgan
downgrades to MKT PERFORM from Buy based on 1) risk to JunQ, 2) weaker 2nd-half outlook,
3) concerns about market-share shift. Firm's checks indicate that sales are basically flat sequentially,
putting the 5-10% sequential rev guidance at risk and increasing the chances that consensus
estimates for the 2nd-half could come down.
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