WatchGuard Technologies (WGRD)------Internet security solutions - 500 Beiträge pro Seite

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Profile:WatchGuard Technologies Inc. is a provider of Internet security solutions designed to protect enterprises that use the Internet for electronic commerce and secure communications. Thousands of large and small companies worldwide use the Company`s products and services, which include firewalls for access control, virtual private networks (VPNs) for secure communications and the ServerLock products for server content and application security. The Company`s core market includes small to mid-sized enterprises; large Internet-distributed enterprises (IDEs) with ultra-high-speed connections, supporting VPNs between the IDEs and their geographically dispersed branch offices and telecommuters; small and home offices with broadband connections; and telecommuters.

http://www.watchguard.com

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Watchguard Tech (WGRD) 5.15 +0.12: Pacific Crest upgrades to BUY from MARKET PERFORM; continues to believe that Watchguard is a viable company with solid products in a growing market and is well positioned to further penetrate its core enterprise customer base with its strong product suite; the current valuation warrants a look from speculative investors.

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WatchGuard Firebox Leads as the #1 Mid-Range VPN Hardware Solution
Infonetics Report Declares WatchGuard the Mid-Range VPN Hardware Leader
SEATTLE, May 23 /PRNewswire/ -- WatchGuard Technologies, Inc. (Nasdaq: WGRD - news) a leader in Internet security solutions, today announced it continues to maintain its revenue market share leadership in the mid-range VPN hardware market. According to the May 2001 Infonetics report, ``VPN Hardware and Software,`` WatchGuard owned 24% of the market in Q1 2001, earning the top spot as the #1 revenue-generating mid-range VPN hardware and up 4% from 2000.

``WatchGuard continues to maintain their leadership in the mid-range market,`` said Jeff Wilson, Executive Director of Infonetics. ``Their focus on ease of deployment and sophisticated VPN management tools is striking the right note with the mid-range enterprise and some larger customers.``

``We continue to drive the price/performance of our Firebox platform to a growing customer set in the mid-sized and large distributed enterprises,`` said Christopher Slatt, President and CEO of WatchGuard. ``We believe value, ease-of-deployment, and a reduced cost of ownership are our core advantages and we continue to refine that proposition for our VPN customers.``

WatchGuard protects customers in over 100 countries by delivering its Firebox System through a worldwide network of resellers and service providers. Additionally, organizations around the world can outsource the management of a WatchGuard Firebox by subscribing to a managed firewall and VPN service, available through over 70 service providers worldwide including Deutsche Telekom, Genuity (formerly, GTE Internetworking), Internet Initiative Japan (IIJ), RipTech and UUNet.

The Firebox System is a scalable firewall and VPN solution for small, mid-sized and large distributed enterprises. The comprehensive hardware and software solution delivers four key benefits: centralized management, comprehensive security protection (including firewall and Virtual Private Network), the LiveSecurity Service and a choice of plug-and-play Firebox security appliances. For distributed enterprises with multiple branch offices and telecommuters, WatchGuard`s VPN Manager enables administrators to simply and quickly create VPNs, reducing the complexity and costs associated with operating a network of VPN connections. For additional protection, WatchGuard ServerLock ``locks down`` operational servers, protecting against service outages caused by Web site defacements and server configuration threats (internal and external).

About Infonetics Research

Infonetics Research ( http://www.infonetics.com ) is a market research and consulting firm that provides worldwide market share services and U.S. and European demand-side research to network equipment and software manufacturers, service providers, the investment community, and chip and component manufacturers worldwide.

About WatchGuard Technologies, Inc.

WatchGuard is a leading provider of dynamic, comprehensive Internet security solutions designed to protect enterprises that use the Internet for e-business and secure communications. The Company is a pioneer in the creation of the plug-and-play Internet security appliance and offers solutions for any size organization-from large enterprises with geographically dispersed offices and telecommuting employees to home offices with a single broadband connection. The Company`s innovative LiveSecurity Service enables organizations and users to keep their security systems up-to-date and its ServerLock software ``locks down`` operational servers, protecting information and content against service outages caused by server configuration threats. For more information, please call 206-521-8340 or visit www.watchguard.com.

Certain statements in this press release are ``forward-looking statements`` within the meaning of the Securities Act of 1933, as amended. Forward-looking statements are based on the opinions and estimates of management at the time the statements are made and are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements. Factors that could affect WatchGuard`s actual results include, but are not limited to, the ``Factors Affecting our Operating Results, Our Business and Our Stock Price`` described in our quarterly report on Form 10-Q for the quarter ended September 30, 2000 and in our Securities and Exchange Commission filings from time to time. Readers are cautioned not to place undue reliance upon these forward-looking statements that speak only as to the date of this release.

NOTE: WatchGuard® and LiveSecurity(tm) are either a trademark or registered trademark of WatchGuard Technologies, Inc. in the United States and other countries. Firebox and ServerLock are trademarks of WatchGuard Technologies, Inc.

SOURCE: WatchGuard Technologies, Inc.

[Watcher42]

Ich bin auf die Aktie durch einen Börsenbrief aufmerksam geworden, weil diverse Insider im Mai knapp 180 000 Aktien erworben haben. Kennt jemand von euch die Firma und habt was positives oder negatives zu berichten ?

Sagt mal eure Meinung was Ihr von dieser Aktie haltet.

Im voraus vielen Dank

mfg Watcher

[Aktienkrieger]

Weis jemand weshalb die Aktie am Freitag bei sehr hohen Umsätzen gegen den allgemeinen Trend an der Nasdaq so stark gestiegen ist?

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NEWS STORY FOR WGRD 53 (Source: DJ)
07:15 *DJ Adams Harkness Ups WatchGuard To Buy From Mkt Perform

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Independent Testing Confirms Firebox® 1000 Delivers Leading VPN Performance


Secure, Wire-Speed Performance
The WatchGuard Firebox 1000 offers proven network security and VPN performance at the speeds enterprise-class businesses demand. WatchGuard led the field in a recent Internet security performance evaluation by the Tolly Group. The tests compared firewall and VPN appliances in the $5000 list price range, including the Firebox 1000, the Nokia IP330 and the SonicWALL PRO-VX.

Faster IPSec VPN Tunnels
In tests of 1400-byte, half-duplex UDP packets in an IPSec tunnel, the Firebox 1000 delivers 72 MBps, compared to 52 MBps from SonicWALL and 6 MBps from Nokia.

Faster Firewall Throughput Speeds
For 512-byte packets in a firewall configuration, the Firebox 1000 forwards 100 MBps of traffic compared to 99 MBps from Nokia and 84 MBps from SonicWALL. The Firebox 1000 performance produces no detectable throughput degradation.

What This Means for Companies Conducting Business on the Internet:
The Firebox 1000 proves that business don`t have to put up with slower network speeds to achieve strong network security. Companies can conduct business at today`s speeds with confidence that their data remains secure and their electronic communications with business partners, branch offices, and remote employees remain private.

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WatchGuard Offers Industry`s First Comprehensive, Bundled Security Solution Combining Anti-Virus, Mobile User VPN, LiveSecurity Service and VPN Management Software

New Bundles Strengthen Firebox® III and Firebox SOHO Family of Products

SEATTLE, WA - November 12, 2001 -- WatchGuard Technologies, Inc. (Nasdaq: WGRD), a leader in Internet security and virtual private network (VPN) solutions, today announced that all Firebox III 1000, 2500 and 4500 models will now include bundled anti-virus software, Mobile User VPN clients, VPN Manager and annual subscriptions to LiveSecurity and McAfee VirusScan AsaP anti-virus updates as part of the purchase price. WatchGuard is the first in the industry to offer value-added software bundles with such a comprehensive level of security, VPN and management capabilities at no additional cost to the end user.

All Firebox III 1000, 2500 and 4500 models will now include bundled McAfee anti-virus software, IPSEC Mobile User VPN clients, VPN Manager, and LiveSecurity Service as part of the purchase price. Firebox SOHO and SOHO|tc customers will receive a bundle containing McAfee anti-virus software, secure remote management and LiveSecurity Service. Firebox 700 customers will receive McAfee anti-virus software and LiveSecurity Service.

By including McAfee VirusScan ASaP anti-virus software, WatchGuard furthers its Defense-in-Depth strategy for protecting customer`s networks and desktops at multiple levels. Mobile User VPN software provides greater flexibility to work on the road or at home by allowing secure access to all of a company`s networked resources and now includes personal firewall capabilities. With the addition of VPN Manager software, customers benefit from WatchGuard`s patent-pending DVCP (Dynamic VPN Configuration Protocol) technologies that enable VPN setup in three easy steps, reducing the time required to build complex virtual private networks.

"This new bundle further implements our `Defense-in-Depth` strategy by providing an integrated, enhanced security solution," said Jim Cady, president and COO of WatchGuard. "By including additional security and management capabilities with every Firebox, WatchGuard takes an unprecedented step toward offering IT administrators one trusted source for their Internet security needs."

The software bundles augment the recently announced Firebox System 5.0 software, a comprehensive firewall and VPN solution that offers an advanced stateful packet filtering and transparent proxy architecture, as well as application layer protection against DNS (domain name service) attacks through an extensible application proxy. Open integration with third party intrusion detection systems allow immediate and automatic denial of access to intruders.

Pricing, Availability and Support
The new bundled solution is available at no additional cost with the purchase of any Firebox SOHO or Firebox III products. To access the software bundles, customers must activate a new LiveSecurity Service subscription and then download the software from the LiveSecurity Service site. For Firebox product pricing information, contact your local reseller at www.watchguard.com/sales

About WatchGuard Technologies, Inc.
WatchGuard (Nasdaq: WGRD) is a leading provider of dynamic, comprehensive Internet security solutions designed to protect enterprises that use the Internet for e-business and secure communications. The Company is a pioneer in the creation of the plug-and-play Internet security appliance, the Firebox®, and server security software. The Company`s innovative LiveSecurity™ Service enables organizations and users to keep their security systems up-to-date, and its ServerLock™ and AppLock/Web™ software provide server content and application security to protect critical data and services against unauthorized or unintentional access or manipulation. For more information, please call 206-521-8340 or visit www.watchguard.com.

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Certain statements in this press release are "forward-looking statements" within the meaning of the Securities Act of 1933, as amended. Forward-looking statements are based on the opinions and estimates of management at the time the statements are made and are subject to known and unknown risks and uncertainties and inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons, including the risks described under "Factors Affecting Our Operating Results, Our Business, and Our Stock Price" in our quarterly report on Form 10-Q for the quarter ended September 30, 2001, and in our Securities and Exchange Commission filings from time to time. Readers are cautioned not to place undue reliance upon these forward-looking statements which speak only as of the date of this release.

WatchGuard® and LiveSecurity™ are either a trademark

[icemen]

telezoo.com Introduces the First Web-Based Lead Management System (LMS) Designed Specifically for the Telecom & Networking Industry
Qwest, Siemens, Savvis & WatchGuard Praise Ease-Of-Use & Effectiveness
ARLINGTON, Va., March 18 /PRNewswire/ -- telezoo.com, the leading Internet marketing and procurement system for the telecom and networking industry, today announced the availability of the first Web-based Lead Management System (LMS) created specifically for this vertical. Telezoo`s Lead Management System and Forecasting Tool assist telecom and networking equipment manufacturers and service providers with tracking, managing and closing new business opportunities in the enterprise and carrier markets globally.

``LMS was designed in direct response to our customers, who for years have struggled with implementing CRM solutions that turned out to be very expensive and in many cases ineffective,`` said Elias Shams, Founder and CTO of telezoo.com. ``Top producing sales reps do not have the time or inclination to become data entry technicians in order to keep the company statistician satisfied,`` said Shams. ``With telezoo`s LMS, it takes less than a minute to access and update leads from any computer terminal with an Internet connection. This allows top producers to focus on closing deals and provides the information management needs to monitor responsiveness and forecast performance.``

``telezoo`s Lead Management System has empowered us to manage, track, and close high-margin transactions much more efficiently -- we received a 10x Return On Investment on our original investment in just three months, pretty unheard of in this industry,`` said Ken Ringgold, Channel Sales Manager of Qwest communications (NYSE: Q - news). ``There are many other lead management/CRM tools that we have used, but they are generally expensive, complex, and our sales reps are reluctant to even get started. On the other hand, the Web-based telezoo LMS is user-friendly and accessible to our global sales force 24/7 via the Internet, providing me with the control I need to manage and close these sales opportunities quickly.``

Christoph Knorn, Manager of Functional Requirements for Siemens ICN e-Marketing ( www.siemens.com/networks ), said, ``It`s not uncommon to run into a lot of resistance from a sales team when you try to implement a new tool for managing sales activity. However, because the telezoo LMS is web based and user friendly, we have found that our sales representatives are far more inclined to use this system than some of the cumbersome CRM software tools out there. Mr. Knorn added: ``Also, because it provides an easy way of creating multiple user groups and provides control over the access rights of each, we have found it to be a perfect tool for managing and controlling the sales team and channel partners -- allowing us to better track and close large & complex sales opportunities.``

The telezoo LMS, designed specifically for the telecommunications and networking industry, is a fully web-based solution that requires no software installation and eliminates many of the key barriers that hinder implementation and company-wide adoption of other systems. In addition to the simplicity and reliability of its user interface, telezoo`s LMS solves the following issues for telecom & networking suppliers, IT solution providers, and carriers:


-- Managing, tracking, and closing leads more efficiently
-- Establishing direct communications with sales representatives or
channel partners
-- Enhancing seller and buyer profiles
-- Performance forecasting
-- Realtime monitoring of direct sales rep & channel partner
responsiveness
-- Business intelligence to improve performance of direct sales reps and
channel partners


``I have found the telezoo LMS to be an extremely efficient and user friendly system that allows me to distribute and track leads via one source,`` said Jennifer Fitzharris, Program Manager of SAVVIS Communications (Nasdaq: SVVS - news). ``My sales reps like the fact that they can simply log in, quickly find the pertinent information they need and update me without requiring the use of additional applications. I am able to distribute leads around the globe and maintain control of opportunity progress.``

``telezoo.com`s LMS helps WatchGuard Technologies manage and deliver a timely response to every network security RFP or RFQ generated on telezoo`` says Chris Austin, Director of Field Strategy for WatchGuard Technologies (Nasdaq: WGRD - news).

About telezoo.com

telezoo.com is the leading web-based marketing and procurement system for the telecom and networking industry. telezoo helps manufacturers and service providers target, educate, and acquire customers through an integrated suite of marketing and sales tools that penetrate every critical stage of the buying cycle. IT professionals rely on telezoo to provide comprehensive, unbiased information on the networking solutions they need for their organizations and to simplify the procurement process. telezoo`s services can be accessed through the company`s website at http://www.telezoo.com or through the company`s network of online partners which include CMP Media`s Network Computing, Internet Week, and the Financial Technology Network; Advanstar`s Telecom Planet; EMAP Communications` Total Telecom; and PBI Media`s TelecomWeb Network. Headquartered in Arlington, VA, telezoo is celebrating its 3rd anniversary and is privately held.

SOURCE: telezoo.com

[icemen]

WatchGuard Technologies Completes Acquisition of RapidStream
SEATTLE--(BUSINESS WIRE)--April 2, 2002--WatchGuard Technologies, Inc. (Nasdaq:WGRD - news), a leading provider of Internet security solutions, today announced the consummation of its acquisition of RapidStream, Inc., a privately held provider of high-performance ASIC-based firewall and VPN appliances, for approximately $16.51 million in cash and approximately 4.92 million shares of common stock, which includes approximately 1.20 million shares of common stock that will be placed in escrow for one year to satisfy any indemnification claims by WatchGuard.

In addition, all options to purchase shares of RapidStream common stock outstanding at the effective time of the acquisition were assumed by WatchGuard and will be treated as options to purchase approximately 300,000 shares of WatchGuard common stock at a weighted average exercise price of approximately $3.87 per share.

``We are extremely excited to complete the acquisition of RapidStream,`` said Jim Cady, President and CEO of WatchGuard. ``The acquisition of RapidStream strengthens our position in the SME market and provides us with the opportunity to address a broader range of customers and offer an even more competitive security solution.``

Further details on the transaction, including financial guidance, will be discussed on WatchGuard`s regularly scheduled conference call for the first quarter of 2002.

About WatchGuard Technologies, Inc.

WatchGuard (Nasdaq:WGRD - news) is a leading provider of dynamic, comprehensive Internet security solutions designed to protect enterprises that use the Internet for e-business and secure communications. The Company is a pioneer in the creation of the plug-and-play Internet security appliance, the Firebox, and server security software. The Company`s innovative LiveSecurity Service enables organizations and users to keep their security systems up to date, and its ServerLock and AppLock/Web software provides server content and application security to protect critical data and services against unauthorized or unintentional access or manipulation. For more information, please call 206/521-8340 or visit www.watchguard.com.

Certain statements in this press release, including statements about the effects of the RapidStream acquisition on WatchGuard`s business, statements about the integration of RapidStream and other statements about our plans, objectives, intentions, and expectations are ``forward-looking statements`` within the meaning of the Securities Act of 1933, as amended. Forward-looking statements are based on the opinions and estimates of management at the time the statements are made and are subject to known and unknown risks and uncertainties and inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons, including the risk that the RapidStream acquisition does not result in the expected benefits to WatchGuard, the risk that WatchGuard cannot successfully integrate RapidStream, and the other risks described under ``Important Factors That May Affect Our Operating Results, Our Business and Our Stock Price`` in our annual report on Form 10-K for the year ended December 31, 2001, and in our Securities and Exchange Commission filings from time to time. Readers are cautioned not to place undue reliance upon these forward-looking statements, which speak only as of the date of this release.

WatchGuard, RapidStream, LiveSecurity, Firebox, ServerLock, and AppLock are either registered trademarks or trademarks of WatchGuard Technologies, Inc. or its subsidiaries in the United States and/or other countries.



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Contact:

WatchGuard Technologies, Inc., Seattle
Miles Goda, 206/613-0826

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REPEAT/WatchGuard Technologies and Check Point Software Technologies Partner to Deliver VPN/Security Appliances Integrating Check Point VPN-1/FireWall-1
High-Performance Appliances Set New Standards in Firewall and VPN Performance
SEATTLE--(BUSINESS WIRE)--April 22, 2002-- WatchGuard Technologies, Inc. (Nasdaq:WGRD - news), a leading provider of Internet security solutions, today announced a partnership with Check Point Software Technologies (Nasdaq:CHKP - news) to deliver a new class of high-performance VPN/security appliances integrating Check Point Next Generation software.

The RapidStream family of ``Secured by Check Point`` appliances were developed by RapidStream, Inc., a privately held provider of ASIC-based firewall and VPN appliances that was acquired by WatchGuard on April 2, 2002. Leveraging the Check Point SecureXL(TM) performance framework, the family of RapidStream ``Secured by Check Point`` appliances set new benchmarks in firewall and VPN performance. The RapidStream 11000 delivers 1.2 Gbps Check Point VPN-1® (3DES-SHA1) throughput from a single device and 2.0 Gbps Check Point FireWall-1® throughput. The RapidStream family of ``Secured by Check Point`` appliances also includes:

RapidStream 8100 (600 Mbps FireWall-1 and 300 Mbps VPN-1)
RapidStream 6100 (270 Mbps FireWall-1 and 160 Mbps VPN-1)
RapidStream 2100 (240 Mbps FireWall-1 and 70 Mbps VPN-1)
The RapidStream 8100, 6100, and 2100 appliances are available immediately, while the RapidStream 11000 is expected to be available early in the third quarter. Sales of the RapidStream ``Secured by Check Point`` appliances will be marketed under the RapidStream name and handled separately from the current WatchGuard offerings.

``We are excited to develop a relationship with Check Point,`` said Jim Cady, president and CEO of WatchGuard. ``With our RapidStream family of appliances, WatchGuard will now deliver a comprehensive, high-performance product line running Check Point VPN-1/FireWall-1. Check Point`s customers will now have a new solution that will significantly enhance their price/performance proposition.``

``We are pleased to work with WatchGuard to deliver industry-leading VPN/security appliances,`` said Asheem Chandna, vice president of business development and product management at Check Point Software Technologies. ``VPN-1/FireWall-1 integrated on the RapidStream high-performance `Secured by Check Point` appliances offer customers a comprehensive solution to secure networks with next generation performance requirements.``

About Check Point Software Technologies

Check Point Software Technologies is the worldwide leader in securing the Internet. It is the confirmed market leader of both the worldwide VPN and firewall markets. The company`s Secure Virtual Network (SVN) architecture provides the VPN and security infrastructure that uniquely enables secure and reliable Internet communications. SVN solutions, as delivered in the company`s Next Generation product family, secure business communications and resources for corporate networks, remote employees, branch offices and partner extranets. Extending the power of SVN is Check Point`s Open Platform for Security (OPSEC), the industry`s framework and alliance for integration and interoperability with ``best-of-breed`` solutions from over 300 leading companies. Check Point solutions are sold, integrated and serviced by a network of 2,000 certified partners in 203 countries. For more information, please call us at 800/429-4391 or 650/628-2000 or visit us on the Web at www.checkpoint.com or at www.opsec.com.

About WatchGuard Technologies, Inc.

WatchGuard is a leading provider of dynamic, comprehensive Internet security solutions designed to protect enterprises that use the Internet for e-business and secure communications. The Company is a pioneer in the creation of the plug-and-play Internet security appliance, the Firebox, and server security software. The Company`s innovative LiveSecurity Service enables organizations and users to keep their security systems up to date, and its ServerLock and AppLock/Web software provide server content and application security to protect critical data and services against unauthorized or unintentional access or manipulation. For more information, please call 206/521-8340 or visit www.watchguard.com.

Certain statements in this press release, including statements about the benefits of the partnership between Check Point and WatchGuard, the availability of ``Secured by Check Point`` products, and other statements about our plans, objectives, intentions, and expectations are ``forward-looking statements`` within the meaning of the Securities Act of 1933, as amended. Forward-looking statements are based on the opinions and estimates of management at the time the statements are made and are subject to known and unknown risks and uncertainties and inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons, including the risk that the partnership between WatchGuard and Check Point is terminated, the risk that the partnership between Check Point and WatchGuard does not result in the expected benefits to WatchGuard, the risk that WatchGuard cannot successfully integrate RapidStream-developed products, and the other risks described under ``Important Factors That May Affect Our Operating Results, Our Business and Our Stock Price`` in our annual report on Form 10-K for the year ended December 31, 2001, and in our Securities and Exchange Commission filings from time to time. Readers are cautioned not to place undue reliance upon these forward-looking statements, which speak only as of the date of this release.

WatchGuard, RapidStream, LiveSecurity, Firebox, ServerLock, and AppLock are either registered trademarks or trademarks of WatchGuard Technologies, Inc. or its subsidiaries in the United States and/or other countries. Check Point, FireWall-1, VPN-1 and SecureXL are either registered trademarks or trademarks of Check Point Software Technologies, Ltd. in the United States and/or other countries.



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Contact:

WatchGuard Technologies, Inc., Seattle
Miles Goda, 206/613-0826
[e-mail]

[carllito]

WatchGuard Announces Distribution Agreement With Westcon Group
SEATTLE--(BUSINESS WIRE)--April 23, 2002--WatchGuard Technologies, Inc. (Nasdaq:WGRD - news), a leader in Internet security, today announced that it has signed a distribution agreement with Westcon Group, Inc., a global channel provider of networking technology products.

Initially, the Westcon Division will focus its WatchGuard distribution efforts in the Americas with the intent to review global distribution expansion possibilities, particularly in the European and Asia Pacific markets.

``Westcon is a great distribution partner for WatchGuard, offering specialized security expertise, including sales, training and technical support, as well as access to resellers who are focused on the complete range of enterprise solutions,`` said Gary Franza, WatchGuard`s senior vice president of worldwide sales. ``Westcon has resellers qualified to sell the entire WatchGuard suite, including products and services that meet the needs of small to medium-sized businesses all the way up to security solutions for enterprise-class customers.``

``The addition of WatchGuard is a key new enhancement to Westcon`s comprehensive security portfolio,`` said Anthony Daley, general manager of Westcon Division. ``WatchGuard offers an award winning product suite capable of addressing the security needs of customers, large and small. WatchGuard`s products will enable us to continue providing tailored solutions to our customers` networking security needs.``

About Westcon

Westcon, Inc. is a channel provider of networking technology and a division of the global Westcon Group, Inc. The Company offers products and services for connectivity, remote access, Internet and e-business, IP telephony, virtual private networks, videoconferencing, wireless connectivity and network security. Westcon, Inc., is located at 520 White Plains Road, Suite 100, Tarrytown, NY, 10591-5167. Tel.: [phone]. Fax: [phone]. Internet: www.westcon.com/online.

About WatchGuard Technologies, Inc.

WatchGuard (Nasdaq: WGRD - news) is a leading provider of dynamic, comprehensive Internet security solutions designed to protect enterprises that use the Internet for e-business and secure communications. The Company is a pioneer in the creation of the plug-and-play Internet security appliance, the Firebox, and server security software. The Company`s innovative LiveSecurity Service enables organizations and users to keep their security systems up-to-date, and its ServerLock and AppLock/Web software provide server content and application security to protect critical data and services against unauthorized or unintentional access or manipulation. For more information, please call 206-521-8340 or visit www.watchguard.com.

WatchGuard, Live Security, Firebox, ServerLock and AppLock are either registered trademarks or trademarks of WatchGuard Technologies, Inc. in the United States and/or other countries.



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Contact:

WatchGuard Technologies, Inc.
Marla Kertzman, 206/613-6646
[e-mail]

[modjo]

WatchGuard Announces Availability of Firebox System Version 6.0 Software
SEATTLE--(BUSINESS WIRE)--July 1, 2002--WatchGuard Technologies, Inc. (Nasdaq: WGRD - News), a leading provider of Internet security solutions, today announced the availability of WatchGuard Firebox System 6.0 (WFS 6.0) for its Firebox III line of products. WFS 6.0 is a free software upgrade for current LiveSecurity subscribers and is available for download from WatchGuard`s website at www.watchguard.com.

WFS 6.0 is a complete firewall and virtual private networking (VPN) solution with advanced stateful packet filtering and transparent proxy architecture. Augmenting its capabilities to provide application layer protection for mail, web and FTP traffic, the software offers protection against DNS (domain name service) attacks through an extensible transparent application proxy capable of detecting and neutralizing some of the most dangerous threats.

WFS 6.0 also integrates a new Public Key Infrastructure (PKI) with built-in certificate authority, providing strong authentication for mobile and fixed site VPN connections. WFS 6.0 supports broadband connectivity for Cable and DSL lines through PPPoE and DHCP and includes improvements to Web content filtering capabilities within its transparent application proxies.

"These software upgrades reflect our continuing commitment to small- to medium-sized enterprise customers," said Peter Crosby, senior director of product marketing at WatchGuard. "With our proxy improvements and PKI, PPPoE and DHCP support, we are offering customers improved security and enabling the network administrator to authenticate users without relying on third party vendors, significantly extending the depth and simplicity of our solution for our SME customers."

About WatchGuard Technologies, Inc.

WatchGuard is a leading provider of dynamic, comprehensive Internet security solutions designed to protect enterprises that use the Internet for e-business and secure communications. The Company is a pioneer in the creation of the plug-and-play Internet security appliance, the Firebox, and server security software. The Company`s innovative LiveSecurity Service enables organizations and users to keep their security systems up-to-date, and its ServerLock and AppLock/Web software provide server content and application security to protect critical data and services against unauthorized or unintentional access or manipulation. The Company`s RapidStream "Secured by Check Point" product line is specifically designed to address the enterprise customer`s need for VPN performance, scalability, and flexibility in a Check Point appliance solution. For more information, please call 206-521-8340 or visit www.watchguard.com.

WatchGuard, RapidStream, LiveSecurity, Firebox, ServerLock, AppLock and LockSolid are either registered trademarks or trademarks of WatchGuard Technologies, Inc. or its subsidiaries in the United States and/or other countries. Check Point is a registered trademark of Check Point Software Technologies Ltd.



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Contact:

WatchGuard Technologies, Inc.
Miles Goda, 206/613-0826

[digex]

WatchGuard Increases Market Share in Core Small- to Medium Enterprise Market According to Infonetics Study
Study Ranks WatchGuard as the Fastest Growing Major Security Appliance-Focused Vendor
Thursday September 26, 9:01 am ET


SEATTLE--(BUSINESS WIRE)--Sept. 26, 2002-- WatchGuard Technologies, Inc. (Nasdaq:WGRD - News), a leading provider of Internet security solutions, today announced that it has expanded its market share in the small- to medium-sized business segment and was ranked the fastest growing major firewall and VPN appliance-focused vendor.
ADVERTISEMENT


According to the Infonetics Research report, "VPN and Firewall Products Quarterly Worldwide Market Share and Forecasts, Q2 2002," WatchGuard increased its unit volumes 19% in the small- to medium-sized enterprise market (appliances priced below $10,000). In the key mid-range segment of the SME market ($1,500 to $9,999), WatchGuard increased its unit volumes 28% and gained nearly 2.7 points in market share, moving to the number two position in this segment behind Cisco based on unit volumes.

"We expect to see strong growth in the mid-range segment of the SME market for VPN and firewall appliances," said Jeff Wilson, Executive Director at Infonetics Research. "WatchGuard is well-positioned within this segment to build significant market share based on their product offerings, depth of security, ease of management, and commitment to customer support."

"WatchGuard continues to see significant opportunity in the key mid-range segment of the SME market," said Jim Cady, President and Chief Executive Officer of WatchGuard. "One reason we believe we have been successful in this core segment is that we have produced innovative products and services that meet the specific needs of this growing customer base. SME customers are more knowledgeable about the security environment and are choosing WatchGuard products and services because they provide a comprehensive solution to their business needs. We target the SME market with our award-winning Firebox III line, the larger distributed enterprise with our Firebox Vclass products, and the Global 1000 with our RapidStream `Secured by Check Point` appliances. This customer-focused strategy is serving us well in the marketplace."

About Infonetics Research

Infonetics Research (www.infonetics.com) is a market research and consulting firm that provides worldwide market share services and US and European demand-side research to network equipment and software manufacturers, service providers, the investment community, and chip and component manufacturers worldwide.

About WatchGuard Technologies, Inc.

WatchGuard is a leading provider of dynamic, comprehensive Internet security solutions designed to protect enterprises that use the Internet for e-business and secure communications. The Company is a pioneer in the creation of the plug-and-play Internet security appliance, the Firebox, and server security software. The Company`s innovative LiveSecurity Service enables organizations and users to keep their security systems up-to-date, and its ServerLock and AppLock/Web software provide server content and application security to protect critical data and services against unauthorized or unintentional access or manipulation. The Company`s RapidStream "Secured by Check Point" product line is specifically designed to address the enterprise customer`s need for VPN performance, scalability, and flexibility in a Check Point appliance solution. For more information, please call 206/521-8340 or visit www.watchguard.com.

Certain statements in this press release, including statements about the expected growth or opportunity in specific Internet security market segments, the ability of WatchGuard to continue to increase market share and other statements about our plans, objectives, intentions, and expectations are "forward-looking statements" within the meaning of the Securities Act of 1933, as amended. Forward-looking statements are based on the opinions and estimates of management at the time the statements are made and are subject to known and unknown risks and uncertainties and inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons, including the risk that the expected growth or opportunity in specific Internet security market segments will not occur or exist or will be delayed, the risk that WatchGuard will not be able to increase market share in the future and the other risks described under "Important Factors That May Affect Our Operating Results, Our Business and Our Stock Price" in our quarterly report on Form 10-Q for the quarter ended June 30, 2002, and in our Securities and Exchange Commission filings from time to time. Readers are cautioned not to place undue reliance upon these forward-looking statements, which speak only as of the date of this release. WatchGuard, RapidStream, LiveSecurity, Firebox, ServerLock, and AppLock are either registered trademarks or trademarks of WatchGuard Technologies, Inc. or its subsidiaries in the United States and/or other countries. Check Point is a trademark of Check Point Software Technologies Ltd. All other trademarks are the property of their respective owners.



--------------------------------------------------------------------------------
Contact:
WatchGuard
Miles Goda, 206/613-0826
or
Porter Novelli for WatchGuard
Miz Nakajima, 503/478-1400



--------------------------------------------------------------------------------
Source: WatchGuard

[panik]

Major Foreign Government Selects WatchGuard High-Performance Firebox Vclass Model for Worldwide Deployment
Wednesday October 16, 8:33 am ET


SEATTLE--(BUSINESS WIRE)--Oct. 16, 2002--WatchGuard Technologies, Inc. (Nasdaq:WGRD - News), a leading provider of Internet security solutions, today announced that it has been selected to supply a major foreign government with more than 100 units of a mid-range model of the company`s Firebox Vclass line of high-performance, ASIC-based security appliances. The company has started deployment of the Vclass products in distributed locations worldwide to provide managed firewall and VPN functionality.
"A sale of this magnitude to a government customer with extremely robust security needs is a validation of our high-performance technology," said Jim Cady, WatchGuard president and chief executive officer. "Due to the nature of the installation, it`s important to protect customer confidentiality, but this order clearly demonstrates a high level of customer confidence in our solution and in WatchGuard`s ability to deliver to demanding specifications now and accommodate future needs."

Targeted at the larger, distributed enterprise market, the Firebox Vclass is specifically designed to address the performance, flexibility, and scalability requirements of a wide range of customers running large distributed networks and data centers. The Firebox Vclass, which includes the V100, V80, V60, and V10 models, achieves new benchmarks in performance, flexibility, and scalability through its custom-designed security ASIC and advanced security software.

About WatchGuard Technologies

WatchGuard is a leading provider of dynamic, comprehensive Internet security solutions designed to protect enterprises that use the Internet for e-business and secure communications. The Company is a pioneer in the creation of the plug-and-play Internet security appliance, the Firebox, and server security software. The Company`s innovative LiveSecurity Service enables organizations and users to keep their security systems up to date, and its ServerLock and AppLock/Web software provide server content and application security to protect critical data and services against unauthorized or unintentional access or manipulation. The Company`s RapidStream "Secured by Check Point" product line is specifically designed to address the enterprise customer`s need for VPN performance, scalability, and flexibility in a Check Point appliance solution. For more information, please call 206/521-8340 or visit www.watchguard.com.

WatchGuard, RapidStream, LiveSecurity, Firebox, ServerLock, and AppLock are either registered trademarks or trademarks of WatchGuard Technologies, Inc. or its subsidiaries in the United States and/or other countries. Check Point is a trademark of Check Point Software Technologies Ltd.



--------------------------------------------------------------------------------
Contact:
WatchGuard Technologies, Seattle
Investor Relations:
Miles Goda, 206/613-0826
[e-mail]



--------------------------------------------------------------------------------
Source: WatchGuard Technologies

[panik]

8:49AM Watchguard upped to Strong Buy at Brean Murray on valuation, target is $11 (WGRD) 3.45:

[panik]

WatchGuard Receives High Marks from Customers for Fulfilling Network Security Needs
94 Percent of Customers Polled Believe That WatchGuard Products and Services Met or Exceeded Their Expectations
Thursday October 17, 9:03 am ET


SEATTLE--(BUSINESS WIRE)--Oct. 17, 2002-- WatchGuard Technologies, Inc. (Nasdaq:WGRD - News), a leading provider of Internet security solutions, today announced results of an independent survey indicating significant customer approval ratings of the company, its products and its industry-leading LiveSecurity Service.
ADVERTISEMENT


Of the more than 600 WatchGuard customers worldwide participating in the survey conducted by research firm Market Trends, Inc., 94 percent responded that WatchGuard`s product/service solutions met or exceeded their expectations. Additionally, 93 percent of customers were either satisfied or more than satisfied with WatchGuard as a partner addressing their network security needs. In regard to the company`s products and services, survey respondents cited strengths that include ease of use and configuration, quality and value, and rated WatchGuard highest among a set of network security vendors.

"The depth of our LiveSecurity services offering is unique in the industry and it`s gratifying to get independent confirmation that our customers appreciate the value we deliver and enjoy a positive working relationship with WatchGuard," said Jean Nassar, senior vice president of marketing, WatchGuard. "The Market Trends research underscores the company`s commitment to providing simple-to-manage, superior security solutions that allow customers to concentrate on their business without worrying about the security of their network."

As a further enhancement to LiveSecurity, the company recently extended the hours of the service to provide customers with technical support coverage 12 hours a day, five days a week (Monday - Friday, 6:00 a.m. to 6:00 p.m. - in all time zones) on a worldwide basis.

LiveSecurity is a comprehensive suite of services that includes technical support, software updates, security broadcasts and self-help resources to support customers of WatchGuard Firebox III, Firebox SOHO, ServerLock, AppLock and Firebox Vclass systems. For customers that are heavily dependent upon the Internet for Web-based commerce or VPN solutions and require 24/7 support, WatchGuard offers the LiveSecurity Service Gold Program. The Gold Service upgrade can be purchased from any WatchGuard Authorized Reseller or through the company store at www.watchguard.com. LiveSecurity customers can contact WatchGuard Technical Support via the Web or telephone. Customers can also obtain further information and support at http://www.watchguard.com/support.

About Market Trends

Market Trends, Inc. is a full-service international research and consulting firm, specializing in customized qualitative and quantitative research, as well as advanced statistical analysis. Founded in 1982, Market Trends has become a global leader, providing a full range of research and consulting services to a worldwide technology and business-to-business client base, as well as other industries. Market Trends` success is due to the continual focus on clients` real-world business issues, including the decisions they must make, the time frame in which they must make them, and the importance of making the correct decision. More information can be found at www.markettrends.com.

About WatchGuard Technologies, Inc.

WatchGuard is a leading provider of dynamic, comprehensive Internet security solutions designed to protect enterprises that use the Internet for e-business and secure communications. The Company is a pioneer in the creation of the plug-and-play Internet security appliance, the Firebox, and server security software. The Company`s innovative LiveSecurity Service enables organizations and users to keep their security systems up to date, and its ServerLock and AppLock/Web software provide server content and application security to protect critical data and services against unauthorized or unintentional access or manipulation. The Company`s RapidStream "Secured by Check Point" product line is specifically designed to address the enterprise customer`s need for VPN performance, scalability, and flexibility in a Check Point appliance solution. For more information, please call 206/521-8340 or visit www.watchguard.com.

WatchGuard, RapidStream, LiveSecurity, Firebox, ServerLock and AppLock are either registered trademarks or trademarks of WatchGuard Technologies, Inc. or its subsidiaries in the United States and/or other countries. Check Point is a trademark of Check Point Software Technologies Ltd. All other trademarks are the property of their respective owners.



--------------------------------------------------------------------------------
Contact:
WatchGuard Public Relations
Sue Whitcomb, 206/613-6646
[e-mail]
or
Porter Novelli for WatchGuard
Christiaan Brown, 206/770-7011
[e-mail]



--------------------------------------------------------------------------------
Source: WatchGuard Technologies, Inc.

[zocku]

[panik]

WatchGuard Reports Record Revenue in the Fourth Quarter
Tuesday February 11, 4:05 pm ET
Achieves Record Gross Margins and Pro Forma Profitability


SEATTLE--(BUSINESS WIRE)--Feb. 11, 2003--WatchGuard Technologies, Inc. (Nasdaq: WGRD - News), a leading provider of Internet security solutions, today announced its financial results for the fourth quarter and year ended December 31, 2002.
ADVERTISEMENT


WatchGuard reported record revenues of $22.1 million for the fourth quarter of 2002, up 10% from $20.1 million in the previous quarter. Product revenue was $15.9 million, up 12% from $14.2 million in the previous quarter, and service revenue was $6.1 million, up 5% from $5.9 million in the previous quarter. For the full year, WatchGuard reported revenues of $75.5 million, up 17% from $64.3 million in 2001.

For the fourth quarter of 2002, WatchGuard reported record gross margins of 69%, up from 66% in the previous quarter. For the full year, gross margins were 66%, up from 59% in 2001.

Excluding non-cash stock-based compensation, amortization and impairment of acquisition-related intangible assets, and restructuring charges, pro forma net income for the fourth quarter was approximately $200,000 or $0.01 per share, up from a pro forma net loss of $2.1 million or ($0.06) per share in the previous quarter. For the full year 2002, the pro forma net loss was $9.8 million or ($0.32) per share, compared to a pro forma net loss of $12.9 million or ($0.48) per share for 2001.

On a GAAP basis, WatchGuard reported a net loss for the fourth quarter of $11.7 million or ($0.36) per share, and a net loss of $31.6 million or ($1.02) per share for the full year. In accordance with SFAS No. 144, the WatchGuard recorded a charge of $6.7 million for the impairment of capitalized software relating to its October 2000 acquisition of Qiave Technologies Corporation. In addition, WatchGuard also increased its reserves under its 2001 and 2002 restructuring plans by $3.8 million in connection with the sublease of excess facilities.

WatchGuard ended 2002 with $89.3 million in cash and securities.

WatchGuard recently announced:

The Tolly Group, an independent testing organization, reported that the Firebox V60, designed for the medium-sized enterprise, significantly outperformed comparable products from NetScreen and Cisco in a variety of tests simulating real-world use.
Infonetics Research ranked WatchGuard as the fastest growing major firewall and VPN appliance-focused vendor in all segments of the SME market, and reported that WatchGuard increased its revenue market share by 1.2 points, solidifying its number two position in the SME market.
Frontier Medical Research, Inc., a Kansas City-based clinical research organization, began implementation of Firebox Vclass appliances to provide the security infrastructure for its IP video conferencing application for clinical trials in the pharmaceutical industry.
The introduction of new features for the Firebox SOHO 6 and SOHO 6tc, including enhanced support for enforcing corporate security policies for telecommuters and branch offices, Internet connection failover protection, and meshed VPNs.
The introduction of active/active high availability with transparent state failover for its Firebox Vclass and RapidStream "Secured by Check Point" lines of appliances.
The worldwide availability of the RS 11000, which provides large enterprise and service provider data center customers with gigabit-plus VPN-1 and multi-gigabit FireWall-1 performance.
"We had another strong quarter with record revenues and gross margins, and we achieved pro forma profitability earlier than expected," said Jim Cady, President and Chief Executive Officer of WatchGuard. "We continued to meet or exceed our expectations for revenues, margins, EPS, unit shipments, cash flow, and DSOs. At the same time, we continued to roll out new product lines while improving our market share in our core SME segment. The market increasingly recognizes WatchGuard as one of the leaders in security innovation."

"During 2002, we strengthened every aspect of our business and expanded our market reach. We continue to bring enterprise-class performance to small to medium-sized enterprises. Businesses of all sizes continue to select the WatchGuard solution for its superior depth of security, simplicity of installation and management, and value-added proactive LiveSecurity service."

Conference Call Information

WatchGuard will host a public conference call today to discuss its fourth quarter and year-end results at 2:00 PM PST (5:00 PM EST). The call may be accessed at www.watchguard.com under "Investor Relations," or by calling 800/240-5318 (U.S. and Canada) and 303/205-0033 (International). The conference call ID number is 519402.

About WatchGuard Technologies, Inc.

WatchGuard is a leading provider of dynamic, comprehensive Internet security solutions designed to protect enterprises that use the Internet for e-business and secure communications. The Company is a pioneer in the creation of the plug-and-play Internet security appliance, the Firebox, and server security software. The Company`s innovative LiveSecurity Service enables organizations and users to keep their security systems up-to-date, and its ServerLock and AppLock/Web software provide server content and application security to protect critical data and services against unauthorized or unintentional access or manipulation. The Company`s RapidStream "Secured by Check Point" product line is specifically designed to address the enterprise customer`s need for VPN performance, scalability, and flexibility in a Check Point appliance solution. For more information, please call 206/521-8340 or visit www.watchguard.com.

Certain statements in this press release, including statements about possible or expected future operating results, trends in financial results and business plans, including those related to revenue growth and earnings growth and other statements about our plans, objectives, intentions, and expectations are "forward-looking statements" within the meaning of the Securities Act of 1933, as amended. Forward-looking statements are based on the opinions and estimates of management at the time the statements are made and are subject to known and unknown risks and uncertainties and inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons, including the risk that our future operating results will fall below expectations and the other risks described under "Important Factors That May Affect Our Operating Results, Our Business and Our Stock Price" in our quarterly report on Form 10-Q for the quarter ended September 30, 2002, and in our Securities and Exchange Commission filings from time to time. Readers are cautioned not to place undue reliance upon these forward-looking statements, which speak only as of the date of this release.

WatchGuard, RapidStream, LiveSecurity, Firebox, ServerLock, and AppLock are either registered trademarks or trademarks of WatchGuard Technologies, Inc. or its subsidiaries in the United States and/or other countries. Check Point is a trademark of Check Point Software Technologies, Ltd. All other trademarks are the property of their respective owners.

WATCHGUARD TECHNOLOGIES, INC.
PRO FORMA CONSOLIDATED STATEMENTS OF OPERATIONS
Excluding Amortization and Impairment of Goodwill and Intangibles,
Restructuring Charges, Stock-Based Compensation and Acquired
In-process Technology

(in thousands, except per share data)
unaudited

Three Months Ended Twelve Months Ended
--------------------------- ------------------
Dec. 31, Sept. 30, Dec. 31, Dec. 31,
2002 2002 2001 2002 2001
-------- --------- -------- -------- ---------
Revenues:
Product $15,918 $14,224 $7,548 $53,200 $46,893
Service 6,147 5,851 4,857 22,300 17,390
-------- --------- -------- -------- ---------
Total revenues 22,065 20,075 12,405 75,500 64,283
Cost of revenues:
Product 5,388 5,332 4,752 19,888 20,658
Service 1,394 1,509 1,440 5,969 5,824
-------- --------- -------- -------- ---------
Total cost of
revenues 6,782 6,841 6,192 25,857 26,482
-------- --------- -------- -------- ---------
Gross margin 15,283 13,234 6,213 49,643 37,801
Gross margin percent 69.3% 65.9% 50.1% 65.8% 58.8%
Operating expenses:
Sales and marketing 8,633 8,859 6,476 33,693 29,717
Research and
development 4,869 5,306 4,714 20,858 18,854
General and
administrative 1,988 1,786 1,931 7,804 7,726
-------- --------- -------- -------- ---------
Total operating
expenses 15,490 15,951 13,121 62,355 56,297
-------- --------- -------- -------- ---------
Pro forma loss from
operations (207) (2,717) (6,908) (12,712) (18,496)
Interest income, net 399 636 1,156 2,920 5,771
-------- --------- -------- -------- ---------
Pro forma income (loss)
before income taxes 192 (2,081) (5,752) (9,792) (12,725)
Provision for (benefit
from) income taxes - - (39) 29 157
-------- --------- -------- -------- ---------
Pro forma net income
(loss) $192 $(2,081) $(5,713) $(9,821) $(12,882)
======== ========= ======== ======== =========
Pro forma net income
(loss) per share:
Basic $0.01 $(0.06) $(0.21) $(0.32) $(0.48)
======== ========= ======== ======== =========
Diluted $0.01 $(0.06) $(0.21) $(0.32) $(0.48)
======== ========= ======== ======== =========

Shares used in per share
calculations:
Basic 32,540 32,341 27,011 31,029 26,723
======== ========= ======== ======== =========
Diluted 32,872 32,341 27,011 31,029 26,723
======== ========= ======== ======== =========


WATCHGUARD TECHNOLOGIES, INC.
RECONCILIATION OF THE ABOVE PRO FORMA AMOUNTS TO GAAP NET LOSS:
(in thousands, except per share data)
unaudited

Three Months Ended Twelve Months Ended
----------------------------- -------------------
Dec. 31, Sept. 30, Dec. 31, Dec. 31,
2002 2002 2001 2002 2001
--------- --------- --------- --------- ---------
Pro forma net income
(loss) $192 $(2,081) $(5,713) $(9,821) $(12,882)
Adjustments to
reconcile pro forma
net income (loss)
to net loss in the
financial statements:
Stock-based
compensation 148 288 899 1,450 9,433
Amortization of
goodwill - - 1,837 - 7,347
Amortization and
impairment of
other intangible
assets acquired 7,896 1,219 933 11,055 3,595
Acquired in-process
technology - - - 1,179 -
Restructuring
charges 3,819 - 820 8,091 3,720
--------- --------- --------- --------- ---------
Net effect of pro
forma adjustments 11,863 1,507 4,489 21,775 24,095
--------- --------- --------- --------- ---------
Net loss $(11,671) $(3,588) $(10,202) $(31,596) $(36,977)
========= ========= ========= ========= =========

Note: Pro forma information is presented for informational
purposes only and is not prepared in accordance with generally
accepted accounting principles. Pro forma results exclude:

-- non-cash stock-based compensation expenses originating from
employee stock options granted at less than fair value,
stock options granted to consultants and certain restricted
common stock and common stock subject to repurchase issued
in connection with the BeadleNet, LLC, Qiave Technologies
Corporation and RapidStream, Inc. acquisitions;

-- the amortization of goodwill and amortization and impairment
of other intangibles arising from WatchGuard`s acquisition
of BeadleNet, LLC in October 1999, Qiave Technologies
Corporation in October 2000 and RapidStream Inc. in April
2002;

-- acquired in-process technology; and

-- restructuring charges.


WATCHGUARD TECHNOLOGIES, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
unaudited

Three Months Ended Twelve Months Ended
----------------------------- -------------------
Dec. 31, Sept. 30, Dec. 31, Dec. 31,
2002 2002 2001 2002 2001
--------- --------- --------- --------- ---------
Revenues:
Product $15,918 $14,224 $7,548 $53,200 $46,893
Service 6,147 5,851 4,857 22,300 17,390
--------- --------- --------- --------- ---------
Total revenues 22,065 20,075 12,405 75,500 64,283
Cost of revenues:
Product 5,388 5,332 4,752 19,888 20,658
Service 1,394 1,509 1,440 5,969 5,824
--------- --------- --------- --------- ---------
Total cost of
revenues 6,782 6,841 6,192 25,857 26,482
--------- --------- --------- --------- ---------
Gross margin 15,283 13,234 6,213 49,643 37,801
Gross margin percent 69.3% 65.9% 50.1% 65.8% 58.8%
Operating expenses:
Sales and marketing 8,633 8,859 6,476 33,693 29,717
Research and
development 4,869 5,306 4,714 20,858 18,854
General and
administrative 1,988 1,786 1,931 7,804 7,726
Stock-based
compensation 148 288 899 1,450 9,433
Amortization of
goodwill - - 1,837 - 7,347
Amortization and
impairment of
other intangible
assets acquired 7,896 1,219 933 11,055 3,595
Acquired in-process
technology - - - 1,179 -
Restructuring
charges 3,819 - 820 8,091 3,720
--------- --------- --------- --------- ---------
Total
operating
expenses 27,353 17,458 17,610 84,130 80,392
--------- --------- --------- --------- ---------
Operating loss (12,070) (4,224) (11,397) (34,487) (42,591)
Interest income, net 399 636 1,156 2,920 5,771
--------- --------- --------- --------- ---------
Loss before income
taxes (11,671) (3,588) (10,241) (31,567) (36,820)
Provision for
(benefit from)
income taxes - - (39) 29 157
--------- --------- --------- --------- ---------
Net loss $(11,671) $(3,588) $(10,202) $(31,596) $(36,977)
========= ========= ========= ========= =========

Basic and diluted net
loss per share $(0.36) $(0.11) $(0.38) $(1.02) $(1.38)
========= ========= ========= ========= =========
Shares used in
computation of basic
and diluted net loss
per share 32,540 32,341 27,011 31,029 26,723
========= ========= ========= ========= =========


WATCHGUARD TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
unaudited

Dec. 31, Dec. 31,
2002 2001
------------ ------------
ASSETS

Current assets:
Cash, cash equivalents and short-term
investments $89,302 $113,743
Trade accounts receivable, net 8,813 6,363
Inventories 4,442 4,413
Prepaid expenses and other receivables 4,435 4,000
------------ ------------
Total current assets 106,992 128,519
Equipment and furniture, net 6,467 7,383
Goodwill, net 66,605 26,991
Other intangibles, net and other assets 9,234 10,138
------------ ------------
Total assets $189,298 $173,031
============ ============

LIABILITIES AND STOCKHOLDERS` EQUITY

Current liabilities:
Accounts payable 4,905 4,032
Accrued expenses and other liabilities 5,143 3,500
Accrued restructuring and acquisition
costs 9,035 1,486
Deferred revenue 18,451 15,709
------------ ------------
Total current liabilities 37,534 24,727
Total stockholders` equity 151,764 148,304
------------ ------------
Total liabilities and stockholders` equity $189,298 $173,031
============ ============



--------------------------------------------------------------------------------
Contact:
WatchGuard Technologies, Inc.
Miles Goda, 206/613-0826



--------------------------------------------------------------------------------
Source: WatchGuard Technologies, Inc.