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Technology Stocks : CyberGuard Corp. (CYBG) -- Ignore unavailable to you. Want to Upgrade?

To: satchmo who wrote (1328)	3/17/1998 3:01:00 PM
From: stephen allen	Respond to of 2616

NEW YORK -(Dow Jones)- Shares of Cyberguard Corp., Check Point > Software Technologies Ltd. and Secure Computing Corp. advanced Monday on speculation the > network-security software companies could be the next to be swallowed up by a larger company. > Shares of Secure Computing (SCUR) jumped $2.063, or 17%, to close at > $14.00 in Nasdaq trading. Stock of Cyberguard (CYBG) rose 68.75 cents, > or 8.7%, to $8.50. Shares of Check Point (CHKPF) climbed $3.25, or 8.8%, > to finish at $40.125. > The network-security sector has been rife with merger and acquisition > activity as technology firms move to integrate security products into > their networking offerings and other companies demand one-stop shopping > and plenty of support from a large outfit. > Last month, Network Associates Inc. said it agreed to buy Trusted Information Systems Inc. for about > $300 million in stock, and Axent Technologies Inc. completed its acquisition of Raptor Systems Inc. for > roughly $250 million, two deals that accelerated a wave of consolidation > among computer-security concerns. Network Associates in particular has been on an acquisition binge > to add other products for protecting and > managing computer networks. > Like Cyberguard, Check Point and Secure Computing, Trusted > Information and Raptor make programs called firewalls that protect networks from intruders. Check > Point is the No. 1 firewall maker. > Security products - particularly firewalls - have become a hot > commodity with the rise of the Internet and some highly publicized > incidents of computer sabotage and hacker pranks. > The latest round of speculation appears to stem from a story in the > Washington Post Monday that profiled the network-security industry. The > Post profiled Trusted, Axent and V-One Corp. The Post said the most > recent deals were driven by the fact that corporate customers have begun > to view security products not as disparate utilities that can be picked > up from various vendors but as a central component that they want to buy > from a large firm. > Copyright (c) 1998 Dow Jones & Company, Inc. > All Rights Reserved. > ----------------------------