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Technology Stocks : Network Associates (NET)
NET 231.20-0.7%2:41 PM EST

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To: Conan who wrote (5874)1/28/2000 2:21:00 PM
From: Chuzzlewit  Read Replies (1) of 6021
 
Conan, there is indeed something very funny about NETA's reporting.

In the most recent press release deferred revenues are $153,241,000, up from $119,124,000 for the previous period. The $119MM figure is also reported in the company's most recent 10-Q. That's an increase of $34,117,000.

But in the press release issued Oct 18 the company reported deferred revenues of $148,816,000 for Q3, which would be an increase of only $4,425,000.

Frankly, I don't trust these guys.

TTFN,
CTC
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