Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Conan who wrote (5540)	7/22/1999 3:46:00 AM
From: RFF	Respond to of 6021

I think the CC was a little more upbeat than that... I'm too tired to post it all right now, but I think all the bad news was factored into this one and they indicated that the problems were not going to strech into future qtrs...... I guess we find out tomorrow how the Street liked or disliked the company's spin about the next few qtrs.........

To: Conan who wrote (5540)	7/22/1999 8:17:00 AM
From: Just_Observing	Read Replies (1) \| Respond to of 6021

Why can we not get a number for DSOs? If NETA gave just a range, I don't like it. Why are we getting such a vague answer such as 8 to 12 weeks? Symantec just revealed that their DSOs fell to 31 days from 41 days the previous quarter. And Symantec's corporate sales rose to 46% of revenue. If Symantec had 0 days DSOs for retail, their corporate sales DSOs would still be only be 67.4 days (67.4 * 0.46 = 31). So I am uneasy with NETA's explanation that since their sales are to the enterprise (instead of retail), their DSOs should be in the 90 day range. I know that Peoplesoft and Baan and other enterprise companies have such high DSOs. But their software takes many months, if not years to install. Does NETA's software take that long to install? I don't think so. But I am willing to listen to reasons why I am wrong. In any case, good luck with NETA today.

To: Conan who wrote (5540)	7/22/1999 4:03:00 PM
From: Chuzzlewit	Read Replies (5) \| Respond to of 6021

Conan, I have looked in vain for a balance sheet for Q2. The fact that they have not released it (or hidden it well -- I have not found it on their website) is a further indication to me that NAI is playing fast and loose with shareholders. The huge drop in revenues was supposed to be explained by a large decrease in the channel inventory, but with company statements like 8 - 12 weeks in the channel it is doubtful that much of the inventory disappeared. I would like to see the A/R and cash numbers. It would also be interesting to see how much inventory they are carrying. While I could have gotten a couple of dollars more per share had I held a few more weeks, I am glad to be out of this stock. I simply don't trust Larson, nor do I trust NAI's accounting. Good luck to all of you longs. I am well rid of this company. TTFN, CTC