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

To: P.M.Freedman who wrote (1835)	3/20/1998 1:16:00 AM
From: Analog Kid	Read Replies (2) \| Respond to of 7150

Just read this on the ASND News thread: Scares like the one Ascend is facing make Wall Street more fond of Internet Security Systems, or ISS Group, which is slated to go public March 24. Recent enthusiasm for Internet security offerings has helped boost interest in the ISS offering. On March 2, the company expanded the size of its offering to 3.0 million shares from 2.5 million shares. The offering's expected range is $14 to $16 per share. ISS software products detect both intruders and soft spots, alerting companies to potential problems with their Internet boxes -- and that includes the alleged problems found with Ascend gear. But, as with most good ideas involving network equipment, ISS faces stiff competition: the ubiquitous Cisco (CSCO:Nasdaq). Cisco recently acquired WheelGroup, a closely held rival of ISS. ISS backers, however, are not deterred. The Internet security concern has a good lead on WheelGroup, and its recent revenue record is robust. In addition, many Wall Streeters believe that ISS could quickly become an attractive target. Along with Cisco's recent purchase, Network Associates (NETA:Nasdaq) said it will purchase Trusted Information Systems (TISX:Nasdaq), or TIS. It also said that ISS is losing money and is expected to continue losing money. ( I was always amazed that CHKPF was immediately profitable after going public, unlike the usual hot IPOs like Verisign and now ISS). They also mentioned some other intrusion-detection companies like Axent. Anybody familiar with these companies?