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To: Johnny Canuck who wrote (41243)6/2/2004 10:51:51 AM
From: Johnny Canuck  Read Replies (1) | Respond to of 69233
 
07:45 RBC initiates coverage of internet security stocks

RBC initiates Symantec with an Outperform and $55 target. Co is leveraging its traditional anti-virus dominance in consumer, SMB, and large enterprise markets to pursue an aggressive campaign of consolidation and conquest to own the security landscape. The firm expects the increasing adoption of broadband subscribers and increases in subscription pricing will drive long-term growth... The firm initiates on a number of internet security stocks: CHKP (Outperform, $28 tgt); ISSX (Sector Perform, $18 tgt); NET (Sector Perform, $19 tgt); NETE (Underperform; $12 target); RSAS (Outperform, $22 tgt); SCUR (Outperform, $12 tgt); VRSN (Sector Perform, $20 tgt); WBSN (Outperform, $38 tgt).