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Technology Stocks : Security Dynamics SDTI -- How much money can they make?? -- Ignore unavailable to you. Want to Upgrade?


To: Norm Demers who wrote (339)4/2/1998 1:40:00 PM
From: Maverick  Read Replies (1) | Respond to of 1614
 
Prudential says the company's "RSA salesforce isn't as mature as the Street expected,"
April 2, 1998/FOOLWIRE/ -- Network and data security solutions
provider Security Dynamics Technologies (Nasdaq: SDTI) plunged $14 7/16 to
$28 1/16 after announcing that its first quarter results will fall short of
expectations due to failure to close some expected sales for the quarter.
Excluding the results of the acquisition of Intrusion Detection Inc.,
Security Dynamics anticipates earnings rising 17% to around $0.14 per share
versus $0.12 for the year-earlier period. Though the company still has a
majority market share in authentication, encryption, and identification
software, Prudential analyst Paul Merenbloom says the company's "RSA
salesforce isn't as mature as the Street expected," according to Bloomberg
News.