1. Currently if you lose your password, you must send the box back to get
reset.
2. Apparently custom access control lists do not work the way one may
think they should work
3. If deployed for typical or generic Internet services they work fine,
but they can be easily disturbed with large amounts of normal traffic
4.Hard and Crunchy outside, but soft and chewy inside, the underlying
proprietary O/S really needs to be addressed in order to be an effective
security appliance.
5. They just got acquired by Efficient Networks..
PR attached..
EFFICIENT NETWORKS, INC. TO ACQUIRE BROADBAND INTERNET SECURITY LEADER
NETSCREEN TECHNOLOGIES, INC. IN A $905 MILLION STOCK TRANSACTION
Acquisition Expands Product Line and Strengthens Efficient's Move
into Secure
Broadband Networking
Santa Clara, CAALLAS (March 28, 2000) NetScreen Technologies, Inc., a
privately held
company based in Santa Clara, California, announced today that
Efficient Networks, Inc.
(Nasdaq: EFNT), a worldwide developer and supplier of high-speed
digital subscriber line
(DSL) customer premises equipment (CPE) for the broadband access
market, has signed a
definitive agreement to acquire the broadband internet security
system and appliance
company.
NetScreen Technologies is a leading developer of high performance
Internet security
products. NetScreen's ASIC-based products integrate wire-speed
firewall, Virtual Private
Network (VPN) and traffic-shaping features and are used by
e-businesses, enterprises and
web hosting and service providers.
Under terms of the agreement, which was approved by the boards of
directors of both
companies, Efficient will issue approximately 5.28 million shares of
Efficient common stock
in exchange for all of the outstanding stock and options of NetScreen
Technologies. Based
on the March 27, 2000 closing stock price for Efficient, the
transaction has an implied
value of approximately $905 million. Upon completion of the
transaction, NetScreen
shareholders and employees will own approximately 8% of the combined
company on a
fully diluted basis. NetScreen has an annualized revenue run rate of
$22 million based on
the expectations for the quarter ending March 31, 2000. NetScreen
currently has 125
employees.
The transaction, which is expected to be completed late in
Efficient's fourth fiscal quarter
ending June 30, 2000, will be accounted for as a purchase and is
intended to qualify as a
tax-free reorganization. Efficient expects the merger to be additive
to revenue per share.
Efficient also announced that Robert Thomas, chief executive officer
of NetScreen, will
oversee the integration of the two companies, while assuming the
position of president
and chief operating officer of Efficient. "We are very excited about
the opportunity to join
forces with Efficient," said Robert Thomas, chief executive officer
of NetScreen. "As more
content moves to web hosting centers and e-commerce sites, security
combined with high
performance is increasingly in demand. We will now combine our
efforts to develop
leading-edge products for broadband networking," he said.
"Combining high performance security products with high performance
DSL access
equipment is a natural fit," said Mark Floyd, chairman, president and
chief executive officer
of Efficient. "Efficient will benefit immediately by expanding our
solution set to include
NetScreen security devices. We will deliver speed, security and
value," he said.
The companies anticipate that NetScreen's management and employees
will remain with
Efficient following the transaction and manage the former NetScreen
operations as a
business unit of Efficient.
Both Efficient and NetScreen will continue to market, sell and
service their current product
lines. In addition, because Efficient and NetScreen each own
significant intellectual
property and have extensive hardware and software capabilities, the
combination of
technologies is expected to result in the introduction of new
networking products and
applications that combine NetScreen's security technology and
Efficient's DSL technology.
NetScreen offers high-performance Internet security appliances and
systems that
integrate firewall, VPN and traffic-shaping functions. The NetScreen
product line includes:
The NetScreen-100, targeted at e-businesses and large
enterprises, offers
wire-speed performance of 100 Mbps and can handle 128,000
simultaneous TCP
connections and 1,000 IPSec tunnels, with line-rate Triple DES
throughput.
The NetScreen-10, the company's mid-sized security appliance for
enterprises,
provides Ethernet performance of 10 Mbps, can handle 4,000
simultaneous TCP
connections and 100 IPSec tunnels.
The NetScreen-5, the company's cost-effective security appliance
for branch
offices and broadband telecommuters, can support workgroups of
10 or 25 users
with 10-Mbps performance.
NetScreen also recently announced the NetScreen-1000, NetScreen's
Gigabit Security
System for Application Service Providers (ASPs) and Internet data
centers. This product
incorporates NetScreen's GigaScreen ASIC, the fastest firewall and
encryption
acceleration engine available capable of handling 1 Gbps throughput,
500,000 concurrent
TCP sessions, and up to 25,000 IPSec tunnels.
The transaction is subject to customary closing conditions.
About NetScreen Technologies
NetScreen Technologies, Inc. develops ASIC-based Internet security
appliances and
systems that deliver high performance firewall, VPN and traffic
shaping functionality to
e-business sites, broadband service providers and application service
providers. This offers
customers record-breaking wire-speed performance, scalability, and
manageability in one
comprehensive security solution. NetScreen is a privately held
company with financial
backing from Technology Associates Management Co., Ltd., Sequoia
Capital, Sumitomo
Corporation and Hitachi Seibu Software. NetScreen sells exclusively
through strategic
partners such as Equinox Solution Through Partnership, Hitachi Seibu
Software, Patriot
Technologies, Inc., and WebZone Inc. NetScreen is located at 2860 San
Tomas
Expressway, Santa Clara, CA 95051. More information on the company
and its products
can be found at http://www.netscreen.com or by calling toll free at
1-800-638-8296.
About Efficient Networks, Inc.
Efficient Networks, Inc. is a leading provider of broadband access
products that employ
digital subscriber line (DSL) technology. Emphasizing ease of use,
the company's
SpeedStreamTM family of DSL products provides high performance remote
access for small
and medium businesses, branch offices, telecommuters and consumers.
Working with DSL
service providers worldwide, Efficient is enabling a new generation
of broadband
applications today. Efficient Networks is based in Dallas, Texas,
with sales and support
locations around the world. For more information, visit our web site
at www.efficient.com
or contact us at +1(972) 852-1000.
Statements in this press release regarding Efficient Networks, Inc.
that are not
statements of historical fact may include forward looking statements
within the meaning
of Section 27A of the Securities Act of 1933, as amended and Section
21E of the
Securities Exchange Act of 1934, as amended. Any such forward-looking
statements are
made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform
Act of 1995. Such forward-looking statements include statements
concerning the
completion of the transaction and the introduction of new products
and applications that
combine the technologies of the two companies. Important factors that
may cause
actual results to differ include: customary conditions to closing of
a transaction of this
nature and, assuming the closing, the ability of the combined company
to integrate the
disparate products and technologies of the two companies. For a
further discussion of
the other risks facing Efficient Network's business, please refer to
the documents filed by
Efficient Networks, Inc. with the United States Securities and
Exchange Commission from
time to time.
Mark Bentkower <[EMAIL PROTECTED]>
Sent by: [EMAIL PROTECTED]
04/03/00 11:49 AM
To: [EMAIL PROTECTED]
cc:
Subject: Any experience with Netscreens?
Greetings.
I am looking at firewall systems for one of our proposed new networks.
Speed/throughput is extremely important and I don't think that FW-1 is
going
to make the grade. I am looking at PIX's and also at a PIX competitor
called
NetScreen. I went out to their offices last week for a demo and liked what
I
saw. They claim to have some of the original PIX architects on their staff
and claim to have exceeded the PIX's capabilities at 1/3 the price.
So, okay, the sales guy got to have his say. Any of you folks out there
running these things? Any stories, good or bad?
Mark Bentkower
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