Strange: I got a DIFFERENT VERSION:
Network Associates tops its target
By Mike Tarsala, CBS MarketWatch
Last Update: 7:10 PM ET Oct 18, 1999
SANTA CLARA, Calif. (CBS.MW) -- Network Associates on Monday reported a slim loss but still bested the numbers that Wall Street analysts expected. The company, best known for its McAfee brand software, reported a net loss of $241,000, putting it at the break-even point on a per-share basis. But excluding various charges related to an adjustment in employee stock options, the company reported adjusted per-share earnings of 10 cents, besting the 9-cent First Call estimate. Revenue dropped 24 percent to $195.2 million from $242.4 million in the year-ago quarter. Shares of Network Associates fell 7/16 to 16 15/16 ahead of the company's report. Shares rose to 18 in after-hours trading. On the rebound
"Our turnaround story has begun, and it all starts with the numbers," said Bill Larson, the company's chairman and chief executive. (See two-year stock chart below.) "We have a very strong balance sheet going into the fourth quarter." To be sure, the company's overall financial health is much better than in its June quarter, when Network Associates lost $1.05.
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