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Technology Stocks
Blue Coat Inc.
An SI Board Since October 1999
Posts SubjectMarks Bans Symbol
218 20 0 BCLT
Emcee:  Glenn Petersen Type:  Moderated
Blue Coat Inc.

On June 2, 2016, Bl8ue Coat Inc. filed a registration statement to go public: sec.gov

From the registration statement: We are a leading provider of advanced web security solutions for global enterprises and governments. Our mission is to protect enterprises and their users from cyber threats – whether they are on the enterprise network, on the web, in the cloud or mobile. Enterprise users have expanded beyond employees working exclusively in a corporate office operating behind a network firewall, to mobile workers capable of accessing many corporate applications in the corporate data center or in the cloud using any device. The expanding enterprise network has increased the vulnerability of corporate networks at a time when the number and severity of cyber-attacks has escalated significantly. Threats that target users are particularly damaging and increasing in frequency. We believe as web traffic continues to grow exponentially, the proportion of web traffic that currently flows through the SSL as encrypted traffic will increase rapidly, and currently exceeds 50% of all web traffic in certain industries. Many organizations do not have adequate decryption capabilities and therefore encrypted web traffic can be used to hide malicious activities. At the same time, organizations are undergoing fundamental shifts in technology, including rapid adoption of cloud-based applications, increased remote user connectivity, and consumerization of IT. These shifts have required a new paradigm in security that is focused on the user and user activities, as the traditional network- and device-centric security models face significant limitations. A security solution in the cloud generation must be able to continuously categorize changing websites, inspect all traffic running through an organization, allow users to utilize modern applications and technologies, and secure users wherever they are and however they access data in the expanding enterprise network.

Company website: bluecoat.com

SEC filings: sec.gov

Company History

When the company went public on November 19, 1999, it raised $138 million through the sale of 5,750,000 shares at a price of $24 per share ($120 per share when you adjust for a subsequent reverse split). The stock started trading at $110 per share, up $86 from its offering price, and closed the day at $126.38. The stock subsequently traded as high as $182.19 per share ($910.95 per share when you adjust for a subsequent reverse split). When the Bubble burst, the stock traded as low as $.45 per share before executing a one-for-five reverse split on September 16, 2002.

The company was named CacheFlow, Inc. when it went public 1n 1999, and was self-described as “a leading provider of Internet caching appliances that accelerate and manage the flow of information over the Internet. We focus exclusively on designing, developing, marketing and supporting products that are specifically designed, or purpose-built, for high-performance Internet caching.” By 2002, the company had changed its business plan, morphed into its current incarnation and changed its name to Blue Coat Systems Inc.

Thomas Bravo acquired the company in December 2011 for $1.3 billion, taking it private. In March 2015, Bain Capital purchased the company for $2.4 billion.
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218Blue Coat's planned IPO is off the table as the company is being acquired: Glenn Petersen-6/12/2016
217Late last year: Blue Coat acquires cloud security startup Elastica for $280M (UGlenn Petersen-6/6/2016
216Blue Coat Systems, which was purchased by Bain Capital last year for $2.4 billioGlenn Petersen-6/6/2016
215Blue Coat has changed hands again, doubling in value. I would not be surprised tGlenn Petersen-3/11/2015
214Thoma Bravo Acquires Blue Coat Systems for $1.3 Billion By EVELYN M. RUSLI DeGlenn Petersen-12/9/2011
213HPQ wins the battle for PAR: <b>HP wins 3PAR for $2.4 billion, Dell bows Glenn Petersen-9/2/2010
212HP tops Deall's bid for 3Par by 33% <b>HP makes $1.5B bid for 3Par, tGlenn Petersen-8/23/2010
211Yeah, I saw that... Dell's paying a huge premium...JakeStraw-8/16/2010
210DELL to acquire PAR: <b>Dell to buy storage systems provider 3Par for $1.Glenn Petersen-8/16/2010
209<b>Company's Software And Hardware Speed Up System Networks</b> Glenn Petersen-4/1/2010
208PAR up today on takeover rumors...JakeStraw-12/28/2009
207I've put FIRE on my watchlist. I keep waiting for the market to pull back. FGlenn Petersen-12/15/2009
206FIRE - It's current valuation is a little rich; but if they can keep performJakeStraw-12/15/2009
205<i>Do you follow FIRE as well..?</i> Not until you mentioned the coGlenn Petersen-12/15/2009
204Hey Glenn, Do you follow FIRE as well..?JakeStraw-12/14/2009
203BCSI up on news: <b>InPlay 6:34 AM Blue Coat announces strategic plan to Glenn Petersen111/5/2009
202<b>InPlay</b> 4:07PM <b>Blue Coat misses by $0.02, reports revGlenn Petersen-6/3/2009
201<b>Blue Coat's in-line guidance helps lift shares</b> Thursday Glenn Petersen-2/28/2009
200BCSI beats expectations for the second quarter but lowers its guidance for the tGlenn Petersen-11/25/2008
199blankmind, Blue Coat provides one to three year service and maintenance contracGlenn Petersen-11/25/2008
198Glenn, - would u happen to know if Blue Coat earns any recurring revenues fromblankmind-11/24/2008
197[t]BCSI[/t] has agreed to acquire Packetter in an all cash deal worth $268 milliGlenn Petersen-4/21/2008
196BCSI's third quarter non-GAAP earnings came in at $.38 per share versus the Glenn Petersen-2/21/2008
195BCSI beats the first quarter street estimate by $.08 and adjusts its second quarGlenn Petersen-8/22/2007
194BCSI is expecting a strong first quarter: <i>For the fiscal quarter endinGlenn Petersen-7/10/2007
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