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Technology Stocks : Network Associates (NET)

NET 213.39

-5.5%

Nov 13 3:59 PM EST

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To: Chuzzlewit who wrote (5658)	8/16/1999 7:04:00 PM
From: Conan	Read Replies (3) of 6021

Chuz, Edwarda, Elephant, Alien, etc... The cash flow statement from the last quarter is now available on-line: biz.yahoo.com I'm looking forward to seeing some analysis from everyone here. Already I see that Accounts Receivable only decreased by $25M while the shrinkage in deferred revenues hit cash by almost $50M. Looks like when you ignore one time events like bad accounts and also the purchase of marketable securities that you still see about $100M of cash burned up by operations in the quarter. (But they have $250M of cash and equivalents and $350M of longer term investments). Seems to me that they still have a strong balance sheet but are no longer in shape to make major acquisitions. Regards, Conan

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