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Technology Stocks : Network Associates (NET)

NET 173.44

+0.1%

Jan 23 9:30 AM EST

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To: Patric who wrote (5750)	9/12/1999 8:42:00 PM
From: Mort	Read Replies (1) of 6021

Good news, but we knew this didn't we. PALO ALTO, Calif. (Dow Jones)--Confidence that Network Associates Inc. (NETA) will make Wall Street's earnings estimates for its third quarter drove its shares up 8.1%. The company's stock climbed 1 17/32 Friday to close at 20 11/32 on Nasdaq volume of 8 milion shares. Average daily volume is 4 million shares. Network Associates' rise also may have been helped by the news it plans to unveil an alliance with Sun Microsystems Inc. (SUNW) on Monday as part of a company product announcement. A First Call survey of 17 analysts expects the company to earn 9 cents a share in the third quarter. -By Mark Boslet; 650-496-1366 Quote for referenced ticker symbols: NETA, SUNW ¸ 1999 Dow Jones & Company Inc, Inc. All Rights Reserved.

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