Network Associates (NET) Message Board

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Technology Stocks : Network Associates (NET)

NET 202.29

-0.1%

3:59 PM EST

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To: Chuzzlewit who wrote (1908)	1/22/1998 11:41:00 PM
From: puborectalis	Read Replies (2) of 6021

Investment highlights from ML::Increased exposure of mgmt and comfort with Q1 should significantly improve stock performance...Selling by momentum players appears to be over(a phenomenon that we didn't anticipate).This has caused a significant overhang on the stock for 6 months...Stock continues to trade at only 21x our '98 estimate.We believe a reasonable multiple would be in excess of 30x in line with the co's growth rate...No surprises in Q4 numbers..Maintaon estimates for '98 at 818M and $2.45....next 6 weeks has NETA presenting at 6 conferences(ML<Mtgy<Goldman<Robert-Stephens)..the docket is full...Completion of momentum players selling would be a clear positive..dated 1-20-98

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