Network Associates (NET) Message Board

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Technology Stocks : Network Associates (NET)

NET 200.07

-0.3%

12:16 PM EST

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To: Chuzzlewit who wrote (3943)	1/6/1999 1:41:00 PM
From: Chris Anderson	Read Replies (3) of 6021

Well everyone, the good news is that NETA has calmed down and is trading well off of the day's lows. I think the company is playing this fiasco well be painting a positive picture of the future, earnings up, etc. Perhaps there will be some institutional support from all of the brokerages with "buy" ratings on this stock: biz.yahoo.com The pessimistic side of me, however, worries about possible future write-offs. $220 mil over 5 years is $44 mil per year. If this is plowed straight into the bottom line, I think NETA's future EPS could drop by up to 15%. Anyone out there with an accounting background that could help us better assess the impact of these potential write-offs? Thanks! Chris p.s. Joanna, good luck on your house. I went through the same thing about a year ago. Dis something stupid, though. Signed the papers on the house and stayed in the market and watched it tumble! I was lucky to be able to close on the house once it was built and have some stock money left over!

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