To: ed taylor who wrote (1420 ) 4/4/1998 6:23:00 PM From: Saulamanca Respond to of 2616
Pretty nice piece done on CYBG from ragingbull.com from Thursday: Commercial network security and electronic commerce developer, CyberGuard (CYBG) bounded for a +1 13/16 gain,18.7%, to close out the day at 11 « on news that the company's OASIS eCommerce application won the "Best of Class" award for utilities, energy, and telecommunications category for The Internet Open Program at the Internet Commerce Expo (ICE) in Boston last week. This award comes only a day after the company announced that its CyberGuard™ Firewall Release 4 enterprise security software solution earned the prestigious Software Publishers Association 1998 Excellence in Software Award, "SPA Codie Award'', for the Best Network Security Product. For those not in the software industry, according to Ken Wasch, president of the Software Publishers Association, "winning a Codie Award is a coveted honor for any software company.'' CyberGuard is a key player in the rapidly emerging electronic commerce market. Here are a few of the other players: Internet Security Systems' (ISSX) has been on a rampage since its recent IPO. Its current market cap stands at a staggering $728.4 million. Also red hot since a recent IPO, has been VeriSign, Inc. (VRSN). VRSN sports an even bigger market cap, at just over $892 million. CYBG's market cap of $95.4 million seems a bit on the measly side when compared to the others. Why is CYBG undervalued compared to its competitors? One reason is CYBG's lack of partnerships with significant leaders in the E-Commerce industry. VeriSign, for example, has a "Who's Who" list of partners including Cybercash, Maithean, RSA Data Security, Terisa Systems, and VeriFone. Investors may also be looking to move their monies into newcomers they hope will provide breakthrough technology. Either way, this industry will continue to grow, as its success remains vital to the growth of electronic commerce (projected to be a $200 billion market by 2001). With CYBG's hot new products and a significant partnership here or there, CYBG could be on its way to treading water with the bigger "younger" boys. ISSX was off -3/16 to close at 44 «. VSRN hit a new high in intra-day trading at 49, but couldn't sustain the momentum finishing the day down -3 _ to 44 ¬.