Check Point Software (CHKP) Message Board

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Technology Stocks : Check Point Software (CHKP)

CHKP 179.51

+0.7%

Jan 30 9:30 AM EST

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To: P.M.Freedman who wrote (7103)	7/22/2003 10:06:47 PM
From: c. carlson	Read Replies (1) of 7150

"More good news coming" seems to make me ask, what do you mean? Q2 results don't seem to be something to crow about. I think the Q2 CC bears out that CHKP has been in transition to a subscription model for a couple of years. They finally made a point of spelling this out. This means lower flatter earnings. They are finally trying to sell this point as a success, which tells me there is little left to spin. This fully explains CHKP chart for the last 2 years. Up till now they have had everyone expecting new growth right around the corner. I'm not saying subscription is bad, but a far cry from the go-go days of a few years ago. A time now distantly removed. Other negatives: 1. 20% tax rate coming up (was 4%in 1999, when growth was king) 2. Negative exchange rate effects from sinking dollar. 3. Competition ? I think CHKP share price will remain under pressure for some time to come. Tech stocks like a growth story, not a flattening story. I reiterate this post: Message 18844504

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