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Technology Stocks : Network Associates (NET)

NET 210.59

-1.4%

Nov 14 9:30 AM EST

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To: mrknowitall who wrote (4148)	2/4/1999 11:40:00 AM
From: Charlie Smith	Read Replies (1) of 6021

Mr: The product of the kind of merger-mad recipe of buy-shred-buy-shred-buy-shred ends up like a cake - once it's baked you can't see the ingredients and what's inside is covered up with frosting [accounting]. Terrific analogy. How thick is Larson laying it on? Note to Chuzz: you're right on the money re cash flow. Just to help you out a bit, the cash portion of the charges taken for the acquisitions ($339,772 - $219,229 = $120,543) more than covers the difference between operating income and operating cash flow ($210,237 - $92,982 = $117,255). Charlie

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