An IPO That Loves the 'Love Bug,' The Internet Analyst News.Business Editors NEW YORK--(BUSINESS WIRE)--May 25, 2000 Not all industries were damaged by the "love bug" virus, and at least one actually expects to benefit from it. Valicert (VLCT-proposed) filed to go public just 11 days after the virus' much-publicized appearance. The four-year-old company offers a suite of products and services that organizations use to conduct secure e-transactions. The company, whose 1999 revenue was $1.64 million, currently serves Aetna (NYSE NYSE See: New York Stock Exchange :AET), Dell Computer (Nasdaq:DELL) and Visa, among others. It is building its business with the help of more than 30 strategic partners, including IBM (NYSE:IBM) and Netscape/Iplanet. Valicert lists Entrust Technologies (Nasdaq:ENTU) as both a partner and a competitor. Texas-based Entu is substantially larger, with net revenue of $29.1 million in the quarter ended March 31. On May 1, Entu received a strong endorsement for its services when Amazon.com (Nasdaq:AMZN AMZN Amazon.com (NASDAQ symbol) ) selected the company as its preferred supplier of intranet security solutions. The high-profile deal came on the heels of Entu's business-to-business partnering agreements with Oracle (Nasdaq:ORCL ORCL Oracle (stock symbol) ) and Ariba (Nasdaq:ARBA). Todd Raker of Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. recommends Verisign (Nasdaq:VRSN VRSN Verisign, Inc. (stock abbreviation, AMEX) VRSN Version Number (NEC) ), among Internet security companies. Early March is also the time that Check Point Software Technologies (Nasdaq:CHKP) hit its one-year high of $295. To find out more about this week's Analyst's IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. update, read the article in Multex.com's The Internet Analyst(sm), http://www.theinternetanalyst.com/min-tia/individual/000525sections/ipoupdate.html Companies profiled: Aetna (NYSE:AET) http://www.multexinvestor.com/af001215/tickersearch.asp?Ticker=aet Dell Computer (Nasdaq:DELL) http://www.multexinvestor.com/af001215/tickersearch.asp?Ticker=dell IBM (IBM) http://www.multexinvestor.com/af001215/tickersearch.asp?Ticker=ibm |
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