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REDWOOD CITY, Calif.-October 28, 2004 - Check Point Software
Technologies Ltd. (Nasdaq: CHKP), the worldwide leader in securing
the Internet, today announced that its Board of Directors has authorized
the repurchase of up to an additional $200,000,000 of its outstanding
common stock in the open market or through privately negotiated
transactions.
Under the repurchase program, share purchases may be made from
time to time depending on market conditions, share price, trading
volume and other factors. The repurchase program has no time limit
and may be suspended from time to time or discontinued. The share
repurchases will be funded from available working capital. As of
September 30, 2004, Check Point had approximately 258 million shares
of common stock outstanding on a fully diluted basis.
Safe Harbor Statement
Certain statements in this press release are forward-looking statements.
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: Check Point's ability to integrate Zone Lab's operations
effectively, the impact on revenues of economic and political uncertainties
and weaknesses in various regions of the world, including the commencement
or escalation of hostilities or acts of terrorism; the inclusion
of network security functionality in third-party hardware or system
software; any unforeseen developmental or technological difficulties
with regard to Check Point's products; changes in the competitive
landscape, including new competitors or the impact of competitive
pricing and products; a shift in demand for products such as Check
Point's; unknown factors affecting third parties with which Check
Point has formed business alliances; timely availability and customer
acceptance of Check Point's new and existing products, and other
factors and risks discussed in Check Point's Annual Report on Form
20-F for the year ended December 31, 2003, which is on file with
the Securities and Exchange Commission. Check Point assumes no obligation
to update information concerning its expectations.
About Check Point Software
Check Point Software Technologies Ltd. (www.checkpoint.com)
is the worldwide leader in securing the Internet. It is the confirmed
market leader of both the worldwide VPN and firewall markets. Through
its Next Generation product line, the company delivers a broad range
of intelligent Perimeter, Internal and Web security solutions that
protect business communications and resources for corporate networks
and applications, remote employees, branch offices and partner extranets.
The company's Zone Labs (www.zonelabs.com)
division is one of the most trusted brands in Internet security,
creating 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), 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 2,300 Check Point partners
in 92 countries.
### ©2004 Check Point Software
Technologies Ltd. All rights reserved.
Check Point, Application Intelligence, Check Point Express, the
Check Point logo, ClusterXL, ConnectControl, Connectra, FireWall-1,
FireWall-1 GX, FireWall-1 SecureServer, FireWall-1 XL, FloodGate-1,
INSPECT, INSPECT XL, InterSpect, IQ Engine, Open Security Extension,
OPSEC, Provider-1, Safe@Office, SecureKnowledge, SecurePlatform,
SecureXL, SiteManager-1, SmartCenter, SmartCenter Pro, SmartDashboard,
SmartDefense, SmartLSM, SmartMap, SmartUpdate, SmartView, SmartView
Monitor, SmartView Reporter, SmartView Status, SmartViewTracker,
SSL Network Extender, UAM, User-to-Address Mapping, UserAuthority,
VPN-1, VPN-1 Accelerator Card, VPN-1 Edge, VPN-1 Pro, VPN-1 SecureClient,
VPN-1 SecuRemote, VPN-1 SecureServer, VPN-1 VSX, Web Intelligence,
TrueVector, ZoneAlarm, Zone Alarm Pro, Zone Labs, the Zone Labs
logo, AlertAdvisor, Cooperative Enforcement, IMsecure, Policy
Lifecycle Management, Zone Labs Integrity and Smarter Security
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 and 6,496,935 and may
be protected by other U.S. Patents, foreign patents, or pending
applications. |
