Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: tcd who wrote (1854)	3/23/1998 12:13:00 AM
From: George Sepetjian	Respond to of 7150

New IPO this week-more competition. Internet Security Systems Group this week plans to offer three million shares, including 315,000 by current shareholders, at $14-$16 each via Goldman Sachs, up from the original filing of 2.5 million shares at $9-$11. For the year ended December 31, 1997, the 141-employee company reported revenues of $13.5 million and a loss of $3.9 million. The company has never made money since it was founded in 1994 and warns that it "does not expect to achieve profitability in the foreseeable future." So, what's the big deal? For starters, the company's market share, which analysts peg at about 35%, and strong future demand for network security software. ISS Group already boasts pedigreed customers, including top names in financial services, technology and telecommunications, including: Charles Schwab, Merrill Lynch, Hewlett-Packard, IBM, Intel, Lucent Technologies, Microsoft, America Online, Bell Atlantic, Netcom Online Communications, NASA, U.S. Departments of Defense and State plus the U.S. Army and Air Force.