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Technology Stocks : Network Associates (NET) -- Ignore unavailable to you. Want to Upgrade?

To: Chuzzlewit who wrote (5384)	6/20/1999 1:33:00 PM
From: Edwarda	Read Replies (1) \| Respond to of 6021

I remember hearing of a meeting at which an analyst was stonewalled by the CEO. The analyst, who worked for a buy-side institution, shot back, "I represent shareholders owning nearly 5% of the outstanding shares of your company. Now will you answer my question?"

To: Chuzzlewit who wrote (5384)	6/20/1999 3:30:00 PM
From: Edwarda	Read Replies (1) \| Respond to of 6021

Offhand, I would have to revise my opinion in the case of a cyclical company during periods of business downturns. My reasoning is that a share repurchase makes sense during a down cycle because there is no opportunity for economic investment and the share repurchase can be viewed as a return of capital. Actually, for a cyclical company in an industry such as the paper industry, there can be excellent opportunities to acquire capacity during down cycles and rationalize.