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Technology Stocks : Network Associates (NET)

NET 207.89

-2.6%

3:59 PM EST

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To: Wigglesworth who wrote (2257)	3/25/1998 2:24:00 AM
From: Wigglesworth	Read Replies (1) of 6021

Analyst blindsided; Rumor and Fact both confounded man! Headline: Network Associates: Stock down on Acquisition Rumor-Reiterate Buy Author: Michael E. Stanek of Lehman Sisters Network Associates down $5 on Friday on what appears to be rumors of impending large acquisition. While no doubt NETA will be major consolidator in the industry, we do not expect any large acquisition, if any, until after the closing of the Trusted Information Systems acquisition in late April. End of quarter rumors appear, not coincidentally, the week company enters quiet period. Stock vulnerable to profit taking given huge run-up and fact that there is no expected news until the company reports in mid-April. Our belief is that the company is on target to meet our 1Q estimate of $0.54 and is already turning its attention to the June quarter. We would use the current weakness as an opportunity to scale into positions. 1-Buy reiterated. Full embarrassment: lehman.com

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