Secure Computing - Integrated Network Security Message Board

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Technology Stocks : Secure Computing - Integrated Network Security

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To: bullmarket who wrote (357)	3/18/1998 11:15:00 AM
From: gmccon	Read Replies (1) of 930

From thestreet.com yesterday afternoon: thestreet.com (Go down to the last sentence in the last paragraph. It appears CSCO has already acquired their darling security company): TEXT For Internet Security Systems, paranoia spells opportunity. Case in point: Shareholders fled Ascend (ASND:Nasdaq) stock Monday afternoon the moment word surfaced that some of the company's products have security holes. Addressing the problem on Tuesday, Ascend said that simple measures can patch whatever holes might exist, but in afternoon trading shares still wallowed at 33 1 3/16, down 1 3/16. Scares like the one Ascend is facing make Wall Street more fond of Internet Security Systems, or ISS Group, which is slated to go public March 24. Recent enthusiasm for Internet security offerings has helped boost interest in the ISS offering. On March 2, the company expanded the size of its offering to 3.0 million shares from 2.5 million shares. The offering's expected range is $14 to $16 per share. ISS software products detect both intruders and soft spots, alerting companies to potential problems with their Internet boxes -- and that includes the alleged problems found with Ascend gear. But, as with most good ideas involving network equipment, ISS faces stiff competition: the ubiquitous Cisco CSCO:Nasdaq). Cisco recently acquired WheelGroup, a closely held rival of ISS.

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