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To: SusieQ1065 who wrote (61455)	7/22/2002 9:29:52 AM
From: 2MAR$	Respond to of 208838

Check Point says to match estimates for second half NEW YORK, July 22 (Reuters) - The chief executive of Check Point Software Technologies Ltd. <CHKP.O> on Monday said he expects the Internet security company to match analysts' earnings estimates for the third and fourth quarters but said revenue was harder to predict amid an unpredictable technology spending environment. Speaking on a conference call with analysts, Gil Schwed said he expects the Israeli company to match analysts' estimates for earnings of 25 cents a share in the third quarter and 27 cents in the fourth quarter. But he also said customers continue to curtail their technology spending amid the tough economic climate, making revenue hard to predict. He said he expects third-quarter revenue to be little changed from the second quarter's $108.6 million. For the fourth quarter, he said the company was hoping for a "slight uptick" in revenue from the third quarter. Earlier on Monday, Check Point posted a second-quarter net profit of $64.7 million, or 26 cents a share, compared with net $86.8 million, or 33 cents per share, a year earlier. The company is the leading maker of firewall protection and virtual private network software used to block intruders from corporate networks. Shares of Check Point rose to $14.85 in pre-open trade on Monday from a Nasdaq close of $13.86 on Friday. (( Siobhan Kennedy, New York Technology Desk, (646) 223-6194 )) REUTERS * end of story *