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Technology Stocks : WatchGuard Technologies, Inc. (WGRD) -- Ignore unavailable to you. Want to Upgrade?


To: W Sheffield who wrote (38)9/7/1999 3:08:00 PM
From: mdfrazzi  Read Replies (1) | Respond to of 52
 
Tuesday September 7, 10:09 am Eastern Time
Company Press Release
SOURCE: Wit Capital Corporation
Wit Capital Internet Analyst Elliot S. Prince, CFA, Initiates Coverage on WatchGuard Technologies with a BUY Rating
NEW YORK, Sept. 7 /PRNewswire/ -- This release has been issued by Wit Capital Corporation, a registered broker-dealer and member of National Association of Securities Dealers, CRD number 41499, and SIPC.

Wit Capital Research Analyst Elliot S. Prince, CFA, today initiated coverage on WatchGuard Technologies (Nasdaq: WGRD - news) with a BUY rating. Seattle, Washington-based WatchGuard Technologies provides Internet security solutions tailored to the needs of small- to medium-sized enterprises, government agencies and Internet Service Providers (ISPs). WatchGuard's security solutions consist of hardware and software systems that are affordable as well as easy to install and maintain.

``In our opinion, WatchGuard's shares represent a compelling opportunity to capitalize on the growth in demand for reliable, efficient and effective Internet security for small- and mid-sized enterprises,' commented Prince. ``We believe that the utility and value of the WatchGuard platform will increase substantially with the continued propagation of Internet connectivity, explosive growth in e-commerce sites and the growing trend toward the use of the Internet to transfer business critical information.'

Wit Capital (Nasdaq: WITC - news), was founded in 1996 as the first online investment banking firm. With offices in New York and San Francisco, Wit Capital is an issuer-driven, Internet-centric company that offers a rapidly expanding array of investment banking services, including underwriting for public offerings, private equity services, strategic advisory, and institutional quality research. Wit Capital also offers individual investors online brokerage services which include access to IPOs and other securities offerings.

This report and others are available at witcapital.com.

This release has been issued by Wit Capital Corporation, a registered broker-dealer and member of NASD and SIPC.

SOURCE: Wit Capital Corporation

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