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

To: Chuzzlewit who wrote (1727)	11/26/1997 4:59:00 PM
From: Terry Davis	Read Replies (1) \| Respond to of 6021

Paul, I will concede that the response to the merger has been less than spectacular. But let's all face it, it's a done deal. My intent was merely to point out that McAfee is a train running out of track. They have made a point of warning of increased competitiont in their 10Qs. Look at the qtr-to-qtr top line growth of MCAF over the last few quarters it's gone from 24% to 18% to low single digits in the most recent quarter. I hear all this talk about 80% growth, where is it? EPS is projected to grow by approximately 40% in the coming year. You provided a well thought out DCF and CAPM argument which is great, but you know very well that it's market multiples and comparable M&A transactions that drive deals, not finance theory. 5 times TTM revenues is not a huge number, nor is 35 to 40% an unreasonably high premium for a company growing in the 20 - 30% range. Cheers, Terry

To: Chuzzlewit who wrote (1727)	11/26/1997 10:34:00 PM
From: puborectalis	Respond to of 6021

Another phone call from Mcafee requesting return of the proxies! Vote appears to be a nailbiter..let's hope the shareholders reject what's obviously not good for our company.Has Mr.Larson forgot that the shareholders OWN the company in a capitalist arrangement?