Check Point Software Technologies' Management Presents At Deutsche Bank DbAccess 2012 Technology Conference - Transcript

Check Point Software Technologies, Ltd. (CHKP)

Deutsche Bank dbAccess 2012 Technology Conference

September 11, 2012, 19:00 p.m. ET

Executives

Kip Meintzer - IR

Analysts

Tom Ernst - Deutsche Bank

Presentation

Tom Ernst - Deutsche Bank

Welcome back. Excited we are hosting Check Point Software, for next session I have Kip Meintzer, Kip is the Global Head of Investor Relations for Check Point. Welcome. Sorry I gave Kip a few options or things to start with. Do you want to start with the Safe Harbor?

Kip Meintzer

Safe Harbor statement. Obviously during the course of the conversation there maybe some forward-looking statements made, this is subject to risks and uncertainties that obviously beyond our control. We also take no duty to update any of those risks or any of the forward-looking statements we make during the course of the presentation or the discussion and on top of that I believe it's covered by the Securities and Exchange Act of 1934. So, with that I'll throw it back to Tom and we can go from there.

Tom Ernst - Deutsche Bank

You haven't been asking everybody this question, but let me insert the macro question for you given that you have roughly 40% exposure, how is Check Point prepared itself and hence a weaker European market and do you feel like expectations have set low enough that sort of thing with that kind of European exposure?

Kip Meintzer

Well. I don't want to comment on guidance or anything on that line. Obviously we widened it for the third quarter; it's been no secret that Europe has been weak for everybody in some way or another we talked about weakness in Europe in some form or another over the last 12 quarters. So, from that standpoint I don't know if it's going to get worse, don't know if it's going to get better. I think that all remains to be the same. But we will know when we got left two weeks less than the quarter. So, once we get to the end of the quarter we will find out.