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Technology Stocks : Check Point Software (CHKP)

CHKP 189.64

+0.6%

Dec 26 9:30 AM EST

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To: Sabrejet who wrote (2079)	4/23/1998 6:38:00 PM
From: Danny Chan	Read Replies (2) of 7150

Check Point (NASDAQ:CHKPF) denies Microsoft Reuters, Thursday, April 23, 1998 at 17:34 Deborah Triant, president and chief executive of Check Point's U.S. subsidiary, told Reuters the Israeli company had a longstanding relationship with Microsoft as a partner in Microsoft's proxy server group. A proxy server mediates between an organization's communications network and the Internet. "We don't view them as direct competitors and ... we also view that the comments were taken out of context," she said. "We have a very cooperative and friendly relationship with the Microsoft proxy group and Microsoft in general." Triant said Check Point, a leader in security software, was mentioned in Microsoft corporate announcements and appeared on the company's Internet Web site. The report was "absolutely a non-event," she said, speaking by telephone from the U.S. headquarters in Redwood City, Calif. Check Point closed down 7-3/4 at 33-1/4 Thursday in very heavy trade. The company also reported first-quarter earnings after markets closed Wednesday of $0.45 a share against $0.20 for the year-ago period. Copyright 1998, Reuters News Service

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