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Technology Stocks : Network Associates (NET)

NET 199.58

-0.5%

Dec 30 3:59 PM EST

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To: Joanna Tsang who wrote (3941)	1/6/1999 12:10:00 PM
From: Chuzzlewit	Read Replies (2) of 6021

Thank you ma'am! Actually, this is one of my two bete noires - the other one being the use of employe stock options in lieu of salaries. The problem is that just about every tech company uses this gimmick. Why is it a gimmick? Because it allows the company to avoid showing the "expense" on its income statement. You can only ferret this stuff out by examining the statement of shareholder equity, and even there the cost isn't stated. I still like the company but I hate all of these gimmicks! TTFN, CTC

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