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

To: The Philosopher who wrote (5418)	6/29/1999 2:38:00 PM
From: Edwarda	Respond to of 6021

I do not mean to dodge your question and have posted it to myself as a PM to remind me. Looks like I'm going to be on a tight schedule so I can't give it the time it deserves.

To: The Philosopher who wrote (5418)	6/29/1999 10:16:00 PM
From: kormac	Read Replies (1) \| Respond to of 6021

Hi Christopher, I come to read NETA's board for the sentiment on this stock and saw your discussion with Edward about fair value. From what you have written, it seems that you have defined fair value in such a way that this term ought to be dropped from any objective analysis of a stock. It reminds me of a discussion I had with a friend about altruism. He said that a person who carries out altruistic acts does so to make him or herself feel good. Ergo, that person is not altruistic at all but moved by selfishness. This is a nonstarter and, if accepted, leads to banishment of the word from vocabulary. Your definition of fair value is so closely tied to the free market idea of a voluntary transaction that it does not allow one to even distinguish the value of stocks in the pump and dump operations. There must be a reasonable middle ground that allows some objective valuation. This has in fact been based on historical data on stocks. If I cannot answer what the fair value of Amazon.com is, it does not prove anything about the idea of reasonable definition of what a fair value is. This definition, of course, only gives some characteristics about what a fair value is, and is not as precise as, say the second law of thermodynamics. Sincerely, Seppo