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Technology Stocks : Network Associates (NET)
NET 214.17-5.2%2:41 PM EST

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To: Chuzzlewit who wrote (4506)3/26/1999 2:44:00 AM
From: Wigglesworth  Read Replies (1) of 6021
 
<<This part of the article is frightening me:

Larson said then [Jan 6, 1999]that Network Associates could offset any reduction caused by a restatement with cost cutting and that the company remained comfortable with 1999 earnings estimates.

Question to the thread: does this make sense to anyone? ... So why would a rational CEO attempt to cut costs as a response?>>

What this thread needs is a fearless leader!
Would we want our rep to hide under the table whenever Larson opens his mouth? Our treasured analyst is literally a pussy but Larson's NO pitbull!!! :-)

The scary part makes perfect sense to me and seems to be totally harmless. Grammatically, the 'and' conjunction gives enough hint why he might want to cut cost.
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