Printer Friendly
The Free Library
19,607,059 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Check Point Software Announces Conference Calls for Third Quarter Financial Results and Acquisition of Sourcefire, Inc.; Provides Update on Third Quarter Results.


REDWOOD CITY Redwood City, city (1990 pop. 66,072), seat of San Mateo co., W Calif., on San Francisco Bay; inc. 1868. Manufactures include commmunications, electrical, electronic, and medical equipment. , Calif. -- Check Point(R) Software Technologies Ltd. (Nasdaq:CHKP CHKP Check Point Software Technologies Ltd. (stock abbreviation, AMEX) ), the worldwide leader in securing the Internet, today announced that it will hold two conference calls with investors and analysts to discuss business updates.

The company will report full third quarter financial results on October 28 before the U.S. financial markets open and will discuss the results in a conference call with the investment community. Third quarter results are expected to be within guidance. Total revenues for the third quarter are anticipated to be in the range of $140 million to $141.5 million. Earnings per share for the third quarter, excluding acquisition-related charges, is expected to be in the range of $0.31 to $0.32. The company's guidance provided on July 19 was for total revenues in the range of $140 million to $150 million and earnings per share, excluding acquisition-related charges, in the range of $0.30 to $0.33.

Check Point also announced today that it has signed a definitive agreement to acquire Sourcefire, Inc., the creator of Snort An open source network intrusion detection system (NIDS) that is noted for its effectiveness. Developed by Martin Roesch, Snort can also be used just as a packet logger or packet sniffer. For more information, visit www.snort.org. See IDS. , and a leading provider of intrusion prevention See IPS and IDS.  and real-time network access solutions for a total consideration of approximately $225 million. Check Point believes the acquisition of Sourcefire is an important step in providing the most comprehensive internal security solutions portfolio and another milestone in achieving its vision of a unified security architecture. Please reference today's release titled "Check Point Software Technologies to Acquire Sourcefire" for more details.

Sourcefire Acquisition Conference Call and Webcast Information

Check Point will host a conference call to discuss the acquisition of Sourcefire with the investment community today, October 6, 2005 at 9:00 AM ET/6:00 AM PT. Please dial (973) 935-8512 and reference confirmation code 6579459 to access the live call or visit the company's website at www.checkpoint (programming) checkpoint - Saving the current state of a program and its data, including intermediate results, to disk or other non-volatile storage, so that if interrupted the program could be restarted at the point at which the last checkpoint occurred. .com/ir for the live webcast.

Third Quarter of 2005 Financial Results Conference Call and Webcast Information

Check Point management will host a conference call with the investment community at 8:30 AM ET/5:30 AM PT on October 28. A live webcast of the call will be hosted on the company's website at http://www.checkpoint.com/ir. Replays will be available via webcast or by calling (973) 341-3080, pass code #6558970.

Safe Harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 Statement

Certain statements in this press release are forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
. Forward-looking statements include statements regarding Check Point's preliminary results for the third quarter ended September 30, 2005 and Check Point's beliefs regarding the benefits of the proposed acquisition of Sourcefire. Because such statements deal with future events, they are subject to various risks and uncertainties and actual results could differ materially from Check Point's current expectations. Factors that could cause or contribute to such differences include, but are not limited to: the risk that Check Point's actual results may be different from the preliminary results as a result of final determination of revenues, operating expenses Operating expenses

The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted.
 and charges, and as a result of the quarterly review by the Company's independent public accountants; the parties' ability to consummate the transaction; the conditions to the completion of the transaction may not be satisfied, or the regulatory approvals required for the transaction may not be obtained on the terms expected or on the anticipated schedule; unanticipated expenses associated with the merger; the possibility that the parties may be unable to achieve all of the benefits of the merger within the expected time-frames or at all and to successfully integrate Sourcefire's operations and technology into those of Check Point; operating costs operating costs nplgastos mpl operacionales , customer loss and business disruption (including, without limitation, difficulties in maintaining relationships with employees, customers, clients or suppliers) may be greater than expected following the transaction; the retention of certain key employees at Sourcefire; and the other factors described in Check Point's Report on Form 20-F for the year ended December 31, 2004 which is on file with the Securities and Exchange Commission. Check Point assumes no obligation to update the information in this communication, except as otherwise required by law. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof.

About Check Point Software Technologies Ltd.

Check Point Software Technologies Ltd. (www.checkpoint.com) is a leader in securing the Internet. It is a market leader in the worldwide enterprise firewall, personal firewall and VPN (Virtual Private Network) A private network that is configured within a public network (a carrier's network or the Internet) in order to take advantage of the economies of scale and management facilities of large networks.  markets. Through its NGX NGX Natural Gas Exchange Inc. (Canada)
NGX Next Generation X
 platform, the company delivers a unified security architecture for a broad range of perimeter, internal, Web, and endpoint security solutions that protect business communications and resources for corporate networks and applications, remote employees, branch offices and partner extranets. The company's ZoneAlarm product line is the highest rated personal computer security suite, comprised of award-winning endpoint security solutions that protect millions of PCs from hackers, spyware and data theft. Extending the power of the Check Point solution is its Open Platform for Security (OPSEC (OPerations SECurity) The U.S. military term for concealing critical information as part of a counterintelligence plan. A form of "security by obscurity," OPSEC determines what information adversaries can obtain or piece together from observation and to provide measures for ), the industry's framework and alliance for integration and interoperability with "best-of-breed" solutions from over 350 leading companies. Check Point solutions are sold, integrated and serviced by a network of more than 2,200 Check Point partners in 88 countries and its customers include 100% of Fortune 100 companies and tens of thousands of businesses and organizations of all sizes.

(C)2003-2005 Check Point Software Technologies Ltd. All rights reserved.

Check Point, Application Intelligence, Check Point Express, the Check Point logo, AlertAdvisor, ClusterXL, Cooperative Enforcement, ConnectControl, Connectra, CoSa, Cooperative Security Alliance, Eventia, Eventia Analyzer, Eventia Reporter, FireWall-1, FireWall-1 GX, FireWall-1 SecureServer, FloodGate-1, Hacker A person who writes programs in assembly language or in system-level languages, such as C. The term often refers to any programmer, but its true meaning is someone with a strong technical background who is "hacking away" at the bits and bytes.  ID, IMsecure, INSPECT, INSPECT XL, Integrity, InterSpect, IQ Engine, NGX, Open Security Extension, OPSEC, Policy Lifecycle Management, Provider-1, Safe@Home, Safe@Office, SecureClient, SecureKnowledge, SecurePlatform, SecuRemote, SecureXL Turbocard, SecureServer, SecureUpdate, SecureXL, SiteManager-1, SmartCenter, SmartCenter Pro, Smarter Security, SmartDashboard, SmartDefense, SmartLSM, SmartMap, SmartUpdate, SmartView, SmartView Monitor, SmartView Reporter, SmartView Status, SmartViewTracker, SofaWare, SSL (Secure Sockets Layer) The leading security protocol on the Internet. Developed by Netscape, SSL is widely used to do two things: to validate the identity of a Web site and to create an encrypted connection for sending credit card and other personal data.  Network Extender See Media Center Extender, bus extender and DOS extender. , Stateful Clustering, TrueVector, Turbocard, UAM UAM Universidad Autónoma de Madrid (Spain)
UAM Universidad Autonoma Metropolitana (México)
UAM Uniwersytet im.
, User-to-Address Mapping, UserAuthority, VPN-1, VPN-1 Accelerator Card, VPN-1 Edge UTM-1 Edge (formerly VPN-1 UTM Edge and VPN-1 Edge) is a line of firewall and VPN appliances developed by SofaWare Technologies, a Check Point company.

The Check Point VPN-1 UTM Edge product line is designed for enterprise branch offices and for teleworkers.
, VPN-1 Pro, VPN-1 SecureClient, VPN-1 SecuRemote, VPN-1 SecureServer, VPN-1 VSX (Verification Suite for X/Open) A testing procedure from X/Open that verifies compliance with their endorsed standards. VSX3 has over 5,500 tests for compliance with XPG3. See XPG.

VSX - Verification Suite for X/open.
, VPN-1 XL, Web Intelligence, ZoneAlarm, ZoneAlarm Pro, Zone Labs, and the Zone Labs logo, are trademarks or registered trademarks of Check Point Software Technologies Ltd. or its affiliates. All other product names mentioned herein are trademarks or registered trademarks of their respective owners. The products described in this document are protected by U.S. Patent No. 5,606,668, 5,835,726, 6,496,935, 6,873,988 and 6,850,943 and may be protected by other U.S. Patents, foreign patents, or pending applications.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:Oct 6, 2005
Words:1072
Previous Article:City of Atlanta Selects Tescom to Ensure Successful Implementation of Enterprise Resource Planning.
Next Article:Tally-Ho Ventures Acquires Master Finance Europe.
Topics:



Related Articles
Sourcefire Extends Interoperability Strategy with OPSEC Certification from Check Point Software.
Check Point Software Technologies Reports Third Quarter Financial Results.
Check Point Software Reports Financial Results for the First Quarter of 2005; 2005 First Quarter Revenues Increased 19% over First Quarter of 2004.
Check Point Software Technologies to Acquire Sourcefire; Next Generation Intrusion Prevention Solutions to Extend Unified Security Architecture.
Check Point Software Provides Update on Sourcefire Acquisition.
Check Point Software Technologies Ltd. Announces Preliminary First Quarter 2006 Results; Updates Guidance for Full Year 2006.
Check Point Software Reports Financial Results for the Second Quarter of 2006.
Check Point Software Reports Financial Results for the Third Quarter of 2006.
Check Point Software Reports Financial Results for the First Quarter of 2007.
Sourcefire(R) Announces 2007 First Quarter Results.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles