Where is the company headed in terms of the public-key infrastructure (PKI) business?
Baltimore was flying high prior to 2000, and acquiring companies. Back in 2000, we were still a Fortune 1000 company and everything was going right. Our stock was valued in excess of $10 billion dollars. In 2001, it was $80 million to $120 million. If your strategy is based on the strength of your stock price, and it drops, you’re in the middle of a construction site. One acquisition of particular importance in terms of PKI was the purchase of GTE’s CyberTrust group in January 2000 for $150 million. That gave you two PKI products: CyberTrust and your own UniCERT. What’s the outcome of that? CyberTrust had its own software which is very suitable for hosting PKI services. At the end of March, we’ll stop selling it. UniCERT captures that functionality. There’s no point in having two competing PKI Certificate Authority products. When Baltimore bought CyberTrust, there was some question whether a foreign-owned company would be able to sell the type of high-security product like PKI to the U
