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Technology Stocks : Network Associates (NET)

NET 196.70

-2.8%

3:59 PM EST

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To: Chuzzlewit who wrote (5715)	8/19/1999 2:00:00 PM
From: Conan	of 6021

Chuzzlewit: I'll have to check but I'm sure you are right. It was late and I wasn't too alert as I wrote that piece. Still, the conclusion appears to be negative cash flow for the first 6 months. Even if the next two quarters are good they are likely to be negative in cash for the year. And as we've discussed many times, accounts receivable (and DSO's) haven't been significantly reduced. So holding back on revenue recognition has hurt the stock price without helping the balance sheet or the business fundamentals. Not encouraging. These next 2 quarters had best be blowouts. Conan

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