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Security Software: Spending Continues for Protecting Stuff

Posted on May 15, 2008

While IT budgets are being squeezed, spending on security software and hardware remains strong, Pacific Crest s Rob Owensasserted in a research note today. He notes that the vast majority ofcompanies in the sector met or beat Q1 expectations. And he says checkson the quarter to date finds continued demand for security solutions, though he warns of some air pockets, in particular for the small-andmedium-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 Websense (WB...

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