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Technology Stocks : Check Point Software (CHKP) -- Ignore unavailable to you. Want to Upgrade?

To: P.M.Freedman who wrote (6554)	2/28/2002 11:41:32 PM
From: Analog Kid	Read Replies (1) \| Respond to of 7150

forbes.com

To: P.M.Freedman who wrote (6554)	3/4/2002 4:43:37 PM
From: khacha	Read Replies (1) \| Respond to of 7150

Today's Goldman Sachs report: "We continue to believe that Check Point will show strong growht RELATIVE to the overall technology sector in 2002 given overall increased focus on security spending and underpenetrated markets; several new product cycles : NG, S-Box and numerous OEM VPN appliances hitting the market could be the key growht drivers and ; profitability and positive cash flow will remain very high on both absolute and relative levels. In addition based on converstions with management and several channels, it appears that S-Box targeted at the lower end SOHO market is gaining good early traction". "In our view Check Point is acounting for SofaWAre even more conservatively than required, by running almost all of SofaWAre's R&D expenses through its P&L as a means to wirte down its curent 2.5mil investment. Since Check Point owns less than 50% of SofaWare it is not allowed nor required to consolidate full results" Gartner group predicts spending on security to double as a proportion of revenue from 2% in 2000 to 4% in 2002 of revenues. Information week: lots of companies are considering creating the position of Chief Security Officer, and as a result spending on security will get much higher priority. With economic upturn very vigourous (not lackluster or tepid as propaganda everywhere tells us) as evidenced by the NAPM new orders of 62 (compared to 65 at the hight of the so called bubble) this bodes very well for Check Point in near term.