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

To: Chuzzlewit who wrote (5641)	8/7/1999 1:26:00 PM
From: AlienTech	Read Replies (1) \| Respond to of 6021

>>It seems to me that the problem is that inventory was dumped into the channel, and sales were recorded without any enforceable agreement regarding payment.<< How can you enforce channel stuffing? I mean the guy comes to my house and dumps stuff I dont want taking up my space and then expects me to pay for it? Hey man I got my own problems. Get this junk out of here or I am going to throw it out and charge you for the disposal fees.

To: Chuzzlewit who wrote (5641)	8/7/1999 1:41:00 PM
From: Edwarda	Respond to of 6021

Hi, Chuzz! Surely you are not expecting me to defend Billy the Kid?! I have to check on this, but as I recall, A/R for the quarter were $199 million, down from $203. The $32 million charge had to to with one large European distributor. Inventory in the channel supposedly is down to 8 to 12 weeks, still a bit heavy IMO but a vast improvement from the first quarter's 4 to 5 months! (laughing wildly here) the company expects to get DSOs down to 100 in the third quarter. My best estimate for this year (fingers crossed and thanking the heavens that I don't own this puppy) is a loss of about 50 cents.