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: P.M.Freedman who wrote (2051)	4/23/1998 11:58:00 AM
From: av ram	Respond to of 7150

The drop is due to (old) worry from big bully MSFT. "Check Point (NASDAQ:CHKPF) off on Microsoft competition Reuters, Thursday, April 23, 1998 at 11:42 NEW YORK, April 23 (Reuters) - Israel's Check Point Software Technologies Ltd. (NASDAQ:CHKPF) dropped in heavy trade Thursday after Microsoft Corp. (NASDAQ:MSFT) warned it would compete with the network security company. Check Point fell 5-7/8, or 14.3 percent, to 35-1/8 in mid-morning. Volume was four times normal daily levels, and the shares were among the most active on the Nasdaq exchange. Traders and analysts said Check Point was hurt by comments from Steve Ballmer, Microsoft's executive vice president, that the software giant was ready to compete with Check Point in the network security software market. "That's always been the worry with Check Point -- that one of the big boys would enter the market," a trader said. Israel's Globes business newspaper quoted Ballmer as telling an audience in Tel Aviv that Microsoft was starting to develop products that would soon compete with Check Point. He said Check Point should coordinate development of its products with Microsoft if it wanted to avoid direct competition. "If they want to cooperate, to create products for our platforms, we will be happy to tell them our plans," Globes quoted Ballmer as saying in its Tuesday edition. "If they wish to compete, they are invited to compete with us." The story was available on the newspaper's Internet Web site. Copyright 1998, Reuters News Service "

To: P.M.Freedman who wrote (2051)	4/23/1998 12:02:00 PM
From: Kiron Shah	Respond to of 7150

Check Point (NASDAQ:CHKPF) off on Microsoft competition Reuters, Thursday, April 23, 1998 at 11:42 NEW YORK, April 23 (Reuters) - Israel's Check Point Software Technologies Ltd. (NASDAQ:CHKPF) dropped in heavy trade Thursday after Microsoft Corp. (NASDAQ:MSFT) warned it would compete with the network security company. Check Point fell 5-7/8, or 14.3 percent, to 35-1/8 in mid-morning. Volume was four times normal daily levels, and the shares were among the most active on the Nasdaq exchange. Traders and analysts said Check Point was hurt by comments from Steve Ballmer, Microsoft's executive vice president, that the software giant was ready to compete with Check Point in the network security software market. "That's always been the worry with Check Point -- that one of the big boys would enter the market," a trader said. Israel's Globes business newspaper quoted Ballmer as telling an audience in Tel Aviv that Microsoft was starting to develop products that would soon compete with Check Point. He said Check Point should coordinate development of its products with Microsoft if it wanted to avoid direct competition. "If they want to cooperate, to create products for our platforms, we will be happy to tell them our plans," Globes quoted Ballmer as saying in its Tuesday edition. "If they wish to compete, they are invited to compete with us." The story was available on the newspaper's Internet Web site. Copyright 1998, Reuters News Service Companies or Securities discussed in this article: Symbol Name NASDAQ:CHKPF Check Point Software Tech Ltd NASDAQ:MSFT Microsoft Corp