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

To: Conan who wrote (5563)	7/23/1999 2:21:00 PM
From: Hectorite	Respond to of 6021

TheStreet.com is can be interesting reading sometimes, but this snippet is really slanted: "until earlier this year was on track to have $1 billion in annual sales...Its second-quarter sales were all of $25 million, making it a $100-million company...The company reported about $200 million in receivables, meaning it has shipped to wholesalers roughly two years of merchandise for which it hasn't collected." This is written by a "journalist"??? I guess he couldn't be bothered with the minor detail of the $250 M revenue booked in Q1 alone. No matter how piggishly Billy stuffed the channel, does anyone really believe they still won't have at least 600M revenue by year end? A horrible performance by management to be sure, but no folks, this is NOT a $100M company. Some folks say TheStreet is a pump n' dump, trash n' short outfit. Those that are receptive to conspiracy theories might want to clip this article for their scrapbook.