Frank, here's another. But this one I think should only be bought on a pull back.
Pilot (PILT) took flight earlier in the week when they announced a partnering deal with GE Capital. On the announcement the stock lofted ~30%. Pilot is in internet security. The following press release pretty much tells it all.
Related Quotes
PILT
12 3/4
-3/8
delayed 20 mins - disclaimer
Tuesday January 12, 8:30 am Eastern Time
Company Press Release
SOURCE: Pilot Network Services, Inc.
GE Capital IT Solutions Launches Distribution of Pilot Secure Electronic Commerce Services
NORTHERN, Ky., Jan. 12 /PRNewswire/ -- GE Capital Information Technology Solutions, a premier worldwide provider of IT products and services, and Pilot Network Services, Inc. (Nasdaq: PILT - news), the Security Utility Service pioneer, today announced a joint effort to provide Pilot Secure Internet Services™ to GE Capital IT Solutions customers. Available now from GE Capital IT Solutions, Pilot Secure Internet Services uses technology to build the security directly into the network to help businesses take advantage of e-commerce and e-business opportunities rapidly, safely, and cost-effectively.
Pilot Secure Internet Services are designed for secure hosting services suitable for a wide range of corporate e-commerce initiatives, including Internet web or application deployment, enterprise Internet access, intranets, extranets, and online catalog applications. The services include high-performance secure connectivity, telecommunications, bandwidth, hardware, software, and professional services. For companies turning to the Internet to cut costs and raise productivity, Pilot Secure Internet Services offer the time and resource advantages of a comprehensive solution.
Built into all Pilot Secure Internet Services is the protection of the Pilot Security Utility Service, based on Pilot's Dynamic Security Infrastructure. This infrastructure combines a multi-layered, distributed security architecture, and 24 x 7 monitoring by security engineers. At Pilot's nationwide Network Security Centers, the system evolves continuously to detect and repel potential new attacks. Any new defense enhancements are immediately propagated to all customers, including GE Capital IT Solutions Secure Internet Services customers. ''This process of evolutionary improvement is unparalleled in the security marketplace today,'' said Fred Pugh, executive vice president, global marketing and product management, GE Capital IT Solutions. Pilot will work together with GE Capital IT Solutions to configure, deliver, and support the offering for each customer.
''For our customers, the teamwork between GE Capital IT Solutions and Pilot means the convenience of comprehensive e-business and e-commerce services with the peace-of-mind of Pilot's built-in security,'' said Pugh. ''We decided to team up with Pilot's Security Utility Services to enable e-commerce and e-business initiatives within our global customer base.''
According to Marketta Silvera, Pilot founder and chief executive officer, ''Pre-configured security measures such as firewalls have failed to provide the multi-layered defense necessary for e-commerce. Pilot's built-in security enables companies to focus on their core businesses without having to divert resources and dollars to integrating and maintaining in-house security systems. Now customers of GE Capital ITS can leverage those benefits directly.''
About GE Capital IT Solutions
GE Capital IT Solutions, headquartered in Northern, Kentucky, is a premier worldwide provider of IT products and services, including full life cycle services that provide customers with cost-effective control and management of their information systems. The company has 14,000 employees and customers in North and Latin America, Europe, and Asia-Pacific.
GE Capital, with assets of more that US$280 billion, is a global diversified financial services company with 28 specialized businesses. A wholly owned subsidiary of General Electric Company, GE Capital, based in Stamford, Conn., provides equipment management, mid-market and specialized financing, specialty insurance, and a variety of consumer services, such as car leasing, home mortgages and credit cards. General Electric is a diversified manufacturing, technology and services company with operations worldwide.
About Pilot Network Services, Inc.
Pilot, the Security Utility pioneer, enables secure e-commerce through services with built-in security to protect enterprise applications and networks. Services include secure e-commerce hosting; secure Internet access and gateways; and Extranet/VPN with encryption, authentication, access control, virus scanning, and web filtering -- all protected by the Pilot Heuristic Defense Infrastructure. Pilot connects corporations to the Internet through Network Security Centers located in the San Francisco Bay Area, Los Angeles, Chicago, New York, Boston, Washington DC, and London. Headquartered in Alameda, Calif., Pilot can be reached at 888-40-PILOT or online at pilot.net and info@pilot.net.
Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ materially, including potential fluctuations in results of operations, the new market for Internet security monitoring, detection and defense services, impact of competitive products and services, and risk factors listed in Pilot's registration statement on Form S-1 dated August 10, 1998.
SOURCE: Pilot Network Services, Inc |
