CyberGuard Corp. (CYBG) Message Board

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Technology Stocks : CyberGuard Corp. (CYBG)

CYBG 0

-100.0%

Jul 23 5:00 PM EST

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To: WAH who wrote (1243)	2/20/1998 5:48:00 PM
From: bojo	Read Replies (1) of 2616

I too find these things somewhat frustrating. I am thinking of dumping because it has had a nice run. But it appears to me that the run is based purely on speculation and no fundamentals. Here is what I know- A few years back my company did an evaluation of all firewalls and three came to the top of the list- Chkpf, Rapt and Cybg. Actually, CYBG was the number one rated firewall and probably still is but their support marketing and sales people were inept and they lost the deal($500,000). CYBG does about $5+ million a quarter and has now for about the last year. Chkpf and rapt have been growing far faster and have shown robust growth quarter over quarter. Chkpf and Rapt have been consistently profitable- Take a look at the 10-Q's CYBG has consistently lost money which does not bother me but the revenue growth just is not there. In addition, the management does not have a good track record. One day they are going to be profitable in a quarter or two, then they are not going to be profitable for a year. Then they changed their strategy with Tradwave and they are going to do business to business Certificate management? Why would any body trust such important technology to a small company with an erratic track record? Sounds to me like the management team is out on the road hyping their Tradwave as the next Verisign and I worry the management team will let us down again when they announce the quarter. I am a frustrated believer in the technology which is why I have been interested and buying the stock but the management team makes me nervous. Now I just heard that they had to tap into a line of credit!

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