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Technology Stocks : Network Associates (NET)
NET 200.93-1.6%Dec 5 9:30 AM EST
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To: The Rancher who wrote (4169)2/4/1999 5:19:00 PM
From: Chuzzlewit  Read Replies (1) of 6021
 
Rancher, the accounting is what is supposed to allow us to assess the quality of the business' management. It is the only way business has to communicate with its owners concerning management effectiveness. Based on what I have seen, I simply don't know where this company is.
Some time ago some posters asked me what it would take for NETA stock to begin showing signs of acting like certificates of ownership in a growth company. I responded that it would take several quarters of clean accounting (meaning no more pooling of interest acquisitions). I still hold to that view.

I have not overlooked the future. Because of my belief in the future I continue to own the stock. Unfortunately, it is simply a belief (or perhaps a wish) at this point, because the accounting has so obfuscated the operating results that it is difficult if not impossible for any outsider to tell where the company is.

You are correct when you say ... the strategic gains are what will drive growth in the future. But those strategic gains need to be quantified by accounting. In looking at the numbers, what strategic gain, if any, was actually realized by the acquisition of Network General (for which we NETA shareholders paid a huge premium)?

TTFN,
CTC
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