SoylentNews is people
SoylentNews
U.S. cyber agency says SolarWinds hackers are 'impacting' state, local governments
And... the market rewards them
'What's the alternative?' SolarWinds boosts security firms' bottom lines
Cybersecurity providers including FireEye Inc and Microsoft Corp could not prevent a huge network breach disclosed this month by numerous U.S. agencies and companies, yet their shares are soaring for a second straight week.
...
Wall Street is betting that governments and businesses - having invested years in moving to digital infrastructure - will only accelerate purchases of the latest IT tools.“What’s the alternative?” said Venkatesh Shankar, marketing professor at Texas A&M University.
Airbag recalls or Listeria outbreaks tend to affect shares within a narrow supply chain, from restaurants and auto dealers down to parts and ingredients suppliers, he said.
At the time of writing, the SolarWind stock price dropped on YtY from $18.55 a year ago, to $15.75 now. Crazy as it may sound after being hacked, the recommendation is "Buy", because "What's the alternative?"
(Score: 2) by barbara hudson on Thursday December 31 2020, @04:17AM
They've outsourced most of their development, so it's basically a shell. A zombie. The undead. But KKR likes the undead.
SoylentNews is social media. Says so right in the slogan. Soylentnews is people, not tech.