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Technology Stocks : Network Associates (NET)
NET 196.70-2.8%3:59 PM EST
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To: kendall harmon who wrote (4346)3/19/1999 1:08:00 AM
From: Will Hou   of 6021
 
<<Summary and valuation. At its current price of $35.06, Network Associates is trading at a P/E of 16.4x our expected 1999 EPS estimate of $2.14 and at 4.0x expected 1999 revenues. Given our uncertainty about the current quarter, we are downgrading the stock to BUY. >>

This is rather interesting. It seems to me that the stock opened today at 41 and gradually dropped to 35 (steep drop around 11am) then 32.How can this happen?? I mean if the drop was caused by the downgrade (thus the report cited here), wouldn't you see a higher price (41?) cited in this report instead of 35??

Now don't tell me this was written some time last fall! LOL

Or, maybe it is not the downgrade that caused the drop today
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