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

To: DRM who wrote (2477)	5/11/1998 9:49:00 PM
From: jkb	Read Replies (1) \| Respond to of 7150

<<Need to get some brockerage buy recommendations to equalize the selling pressure.>> They unfortunately have several upgrades already - not saying that their isn't room for new upgrades - but I don't think we'll see anything new in the short-term in upgrades. The MSFT announcement will likely give WS something to get excited about tomorrow - but this story doesn't really present anything majorly new in terms of the MSFT/CHKPF relationship. I don't see that sales in Check Point's core product will increase because of the statements - but if anything - the good should be that WS should feel reassured about Check Point's core product - and hopefully will allow CHKPF to trade on fundamentals as opposed to this 'herd mentality' we're witnessing. The notes from the release that I did like were the building of VPN's and their core protocol (IPsec) and the planning for one of the major features of Microsoft's upcoming NT 5.0 - the Active Directory - essentially reinforcing Check Point's new found marketing of "Policy Based Management". That seemed promising - but I still believe that Microsoft will embed certain security functions into NT 5.0 - I don't believe that they will ever compete in the enterprise security arena - but more in the workgroup security arena - more in the area of 50 nodes and less - which still carries a large enough space to be significant. Anyway to make a long story short - I believe WS will view the press release as reassuring - and they may really like it - but from a fundamental perspective for Check Point - it's just not that big of a deal - IMO. Now let's hope the stock does begin to trade back on fundamentals.