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Journal by c0lo

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?"

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The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 2) by Azuma Hazuki on Friday January 01 2021, @01:47AM

    by Azuma Hazuki (5086) on Friday January 01 2021, @01:47AM (#1093456) Journal

    Eeeee-yup. I realize even if I do get to Canada it's not guaranteed to be survivable, but that's why I'm aiming for Halifax, since it's out of the way enough to support itself independently if it really has to. We're living in awful times.

    --
    I am "that girl" your mother warned you about...
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