I work for one of the major ISP's on the West
coast that f5 claims to have as a client. We kicked
them out months ago and replaced them with Arrowpoint
switches. f5's boxes are too slow and their engineers are a
pain in the ass.
Robert Chamberlain, the CFO of F5 was the
Co-President of a Seattle company called
Photodisc is a company that puts photographic images on CD
to be used by graphic artists.
Bob sold the
company to London-based Getty Images, which is now the
world's largest resource of stock photographic
Bob made a boatload of money on that sale, he really
does'nt have to work at all.
Bob's a really smart
Bob's the CFO of F5.
THE SUMMER STOCK rally could pick up more steam
next week as earnings and economic data pour in.
On the economic front, three reports will get most
of the attention. Two inflation indicators, the
producer price index and the consumer price index, will be
reported before the market opens Wednesday and Thursday,
respectively. Brian Jones, an economist at Salomon Smith
Barney/Citibank, says these reports will show that inflation
remained tame last month. He figures that the PPI and CPI
rose just 0.1% in June, reflecting increases in food
prices and flat energy prices.
The third report,
on June retail sales, will be released Wednesday
before the market opens. Jones sees retail sales rising
just 0.1% (excluding autos), but says that this
estimate could be low considering the strong sales gains
reported Thursday by most retailers. But even a more
robust report would probably still represent a slowdown
in retail sales from May, when they were up 1%,
Jones says. "These reports should give the bond market
a lift," he says, since they would give more
evidence that the economy can power ahead without
inflation. And when bond prices go higher, stocks usually
Friday's report on industrial
production should also give more evidence that economic
growth is strong. That is an index that measures the
output of the country's factories, mines and utilities.
Mark Zandi, chief economist at Regional Financial
Associates, expects the index to rise 0.2% for June, the same
rate as in May.
The big event for the markets
will be on July 22, when Federal Reserve Chairman Alan
Greenspan speaks before the House Banking Committee. Zandi
expects Greenspan to reiterate his concerns about the
tight labor market and accelerating inflation.
7/9/99 3:40:00 PM
By Raymond Bolger,
SEATTLE, WA, July 9 (dbusiness.com) -- F5 Networks, a
developer of Internet traffic management software, has had
a very good week on the stock market. In fact, it's
had a brilliant run of it since going public in
The company's shares (Nasdaq: FFIV) currently are
trading at $48 plus change, up from around $37 at the
start of the week. The stock gained 12 percent this
morning alone, rising from yesterday's close of $43.90 to
$48.75 as of 1 P.M.
On June 30, three firms
initiated coverage of F5 with either a buy or strong buy
rating. These include BancBoston Robertson Stephens,0
Dain Rauscher Wessels and Hambrecht & Quist.
provides Internet traffic management solutions designed to
improve the performance of mission-critical
Internet-based servers and applications. The company's products
monitor and manage local and geographically dispersed
servers, and direct traffic to the server best able to
handle a user's request.
The company's list of
over 400 customers includes PSINet, MCI WorldCom,
Alaska Airlines, Microsoft, Bank of America, Fidelity,
Bell South, Compaq, Motorola, Oracle, Excite@Home,
RealNetworks, USA Today, NASA, the Internal Revenue Service and
the U.S. Navy.
For 1998, the company reported
revenues of $4.9 million, a 2,000 percent growth over the
year before. Net loss for the year was $3.7 million.
F5 employs around 140 people.
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