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Tom Taulli Return Risk +3.57% MID Tracked Blogger Profile & Performance Subscribe to author

Symbol Sentiment Start Return Closed IT n/a MS n/a JPM n/a DB n/a Via BloggingStocks:   Filed under: JPMorgan Chase (JPM), Morgan Stanley (MS), Initial public offerings As companies get more reliant on technologies, the risks increase substantially because of the explosion of security threats. As a result, spending on information technology (IT) security software continues to grow at a hefty rate -- despite the recession. One of the clear beneficiaries is Fortinet, which launched its IPO today. The company issued 12.5 million shares at $12.50 each (the price range was $9 to $11). The underwriters on the deal included Morgan Stanley (MS), JP Morgan (JPM) and Deutsche Bank Securities (DB). What makes Fortinet different? Keep in mind that the traditional approach to IT security is to implement a variety of different products, like firewalls, filtering, etc. However, this can be expensive and bog down network performance. Continue reading Investors feeling secure with Fortinet Investors feeling secure with Fortinet originally appeared on BloggingStocks on Wed, 18 Nov 2009 14:30:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments   Read the rest of original post »

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