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Security Software: Spending Continues On Protecting Your Stuff; Pacific Crest Upgrades Check Point, Websense

Posted on May 15, 2008

While IT budgets are being squeezed, spending on security software and hardware remains strong, Pacific Crest s Rob Owens asserted in a research note today. He notes that the vast majority of companies in the sector met or beat Q1 expectations. And he says checks on the quarter to date finds continued demand for security solutions, though he warns of some air pockets, in particular for the small-and medium-sized business segment and in the U.S. government sector.In connection with his larger take on the sector, Owens raised his ratings on both Check Point (CHKP) and Websens...

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