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Analyst: Nokia's new product a "mild negative" for Check Point.
(From Israel Business Arena)
Byline: Avi Weinreb and Avishay Ovadia
Goldman Sachs today warned there was a "mild negative" development for Check Point (Nasdaq: CHKP) investors, citing Nokia's release of an internally developed virtual private network (VPN) solution.
On Monday, Nokia released the Nokia Secure Access System, a remote access solution using Secure Socket Layer (SSL) technology. According to Goldman Sachs, the product could compete in the long term with the more comprehensive Secure Internet Protol-based (IPSec) VPN offerings sold in partnership with Check Point.
Analyst Sarah Friar calculated that about 44% of Check Point's …
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