Comments on: NitroSecurity files for IPO http://www.infosecpodcast.com/2007/08/nitrosecurity-files-for-ipo/ Information Security related news, opinions and ramblings Sun, 25 Jul 2010 08:44:08 -0600 hourly 1 http://wordpress.org/?v=3.0 By: Chris Harrington http://www.infosecpodcast.com/2007/08/nitrosecurity-files-for-ipo/comment-page-1/#comment-27866 Chris Harrington Wed, 15 Aug 2007 18:03:06 +0000 http://www.infosecpodcast.com/security/2007/08/nitrosecurity-files-for-ipo/#comment-27866 I've never made it down the IPO road before. I was working for Uncle Sam during most of the boom so most of it is somewhat foreign to me. I'll take your word for it :) Damn it! I have to shmooze a client tonight. Why does that always happen??? Have fun tonight....I'll try harder to make the next one. --Chris I’ve never made it down the IPO road before. I was working for Uncle Sam during most of the boom so most of it is somewhat foreign to me. I’ll take your word for it :)

Damn it! I have to shmooze a client tonight. Why does that always happen??? Have fun tonight….I’ll try harder to make the next one.

–Chris

]]> By: Christofer Hoff http://www.infosecpodcast.com/2007/08/nitrosecurity-files-for-ipo/comment-page-1/#comment-27864 Christofer Hoff Wed, 15 Aug 2007 17:45:43 +0000 http://www.infosecpodcast.com/security/2007/08/nitrosecurity-files-for-ipo/#comment-27864 I am sure their revenue is higher this year...it better be. But there's a baseline set of table stakes when filing and they're based upon one critical element...predictability. While some might suggest that the guidelines have relaxed a little (not as bad as in the boom days) the fact is that the market wants to see sustained growth that offers a smooth curve, NOT a quarter-on-quarter or YOY hockey stick. Given the last set of published financials, even if they did 5 times the revenue, it's just NOT a good story, IP be damned. I hope for the best for NS and more specifically for YOU, but this is just screwy. To me, this is just a way of saying "Hey, look over here..." I know all about the IP and the defensive strategy involved with it (read: lawsuits for enforcement) but let's call a duck a duck. Enough beating a dead horse. You coming to BeanSec! tonight? I am sure their revenue is higher this year…it better be. But there’s a baseline set of table stakes when filing and they’re based upon one critical element…predictability.

While some might suggest that the guidelines have relaxed a little (not as bad as in the boom days) the fact is that the market wants to see sustained growth that offers a smooth curve, NOT a quarter-on-quarter or YOY hockey stick.

Given the last set of published financials, even if they did 5 times the revenue, it’s just NOT a good story, IP be damned.

I hope for the best for NS and more specifically for YOU, but this is just screwy.

To me, this is just a way of saying “Hey, look over here…” I know all about the IP and the defensive strategy involved with it (read: lawsuits for enforcement) but let’s call a duck a duck.

Enough beating a dead horse.

You coming to BeanSec! tonight?

]]> By: StillSecure, After All These Years http://www.infosecpodcast.com/2007/08/nitrosecurity-files-for-ipo/comment-page-1/#comment-27822 StillSecure, After All These Years Wed, 15 Aug 2007 02:57:29 +0000 http://www.infosecpodcast.com/security/2007/08/nitrosecurity-files-for-ipo/#comment-27822 <strong>Killing the goose that lays the golden eggs...</strong> Like many of you out there, I have been encouraged this past year to see the return of the IPO as a potential liquidity event for technology and even security companies. Companies like Sourcefire, Aruba Networks and Blade Logic have... Killing the goose that lays the golden eggs…

Like many of you out there, I have been encouraged this past year to see the return of the IPO as a potential liquidity event for technology and even security companies. Companies like Sourcefire, Aruba Networks and Blade Logic have…

]]> By: Chris Harrington http://www.infosecpodcast.com/2007/08/nitrosecurity-files-for-ipo/comment-page-1/#comment-27814 Chris Harrington Wed, 15 Aug 2007 01:02:17 +0000 http://www.infosecpodcast.com/security/2007/08/nitrosecurity-files-for-ipo/#comment-27814 Chris, I think their revenue numbers are quite a bit higher this year. Maybe that could have something to do with it? There is a lot on the financials of running a company that I just have not had exposure to. I'm the techie not the bean counter :) Nitro has some outstanding intellectual property. Now that they have added a product to their portfolio that really takes advantage of their IP I think it is a different ball game. I guess we will have to wait and see. Thanks for the comment. --Chris Chris,

I think their revenue numbers are quite a bit higher this year. Maybe that could have something to do with it? There is a lot on the financials of running a company that I just have not had exposure to. I’m the techie not the bean counter :)

Nitro has some outstanding intellectual property. Now that they have added a product to their portfolio that really takes advantage of their IP I think it is a different ball game. I guess we will have to wait and see.

Thanks for the comment.

–Chris

]]> By: Christofer Hoff http://www.infosecpodcast.com/2007/08/nitrosecurity-files-for-ipo/comment-page-1/#comment-27813 Christofer Hoff Wed, 15 Aug 2007 00:46:46 +0000 http://www.infosecpodcast.com/security/2007/08/nitrosecurity-files-for-ipo/#comment-27813 Chris -- you've got to be raising your eyebrows at this, no? Not for nothing, but even in today's InfoSec starved IPO market, how do you go out unprofitable (let alone -$10.4MM) and with only $2.3MM in revenues? Did someone put the decimal in the wrong spot? This has got to be April Fools, right!? If you want to advertise you're for sale, this is certainly one way of doing so... Wow. /Hoff Chris — you’ve got to be raising your eyebrows at this, no?

Not for nothing, but even in today’s InfoSec starved IPO market, how do you go out unprofitable (let alone -$10.4MM) and with only $2.3MM in revenues?

Did someone put the decimal in the wrong spot?

This has got to be April Fools, right!? If you want to advertise you’re for sale, this is certainly one way of doing so…

Wow.

/Hoff

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