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

To: Narotham Reddy who wrote (1829)	12/30/1997 9:16:00 PM
From: Narotham Reddy	Read Replies (1) \| Respond to of 6021

NETA drops lawsuit against Symantec Tuesday December 30, 7:30 pm Eastern Time Network Associates drops lawsuit against Symantec SANTA CLARA, Calif., Dec 30 (Reuters) - Network Associates Inc., formerly McAfee Associates Inc., said Tuesday it dropped its $1 billion defamation lawsuit against rival software company Symantec Corp. Separately, a federal court last week rejected Symantec's request to stop shipments of McAfee PC Medic, a software product that Symantec says is based on stolen Symantec programming code. Network Associates and Symantec have been embroiled in lawsuits for the past year. Symantec, a publisher of utility software and network management programs, had accused Network Associates of stealing its software code and basing products on it. Symantec had asked the court to stop Network Associates from shipping those products. In return, Network Associates had countersued Symantec for defamation, seeking $1 billion in damages. On Dec. 19, the U.S. District Court in San Jose, Calif., rejected a second Symantec request for an injunction, officials of both companies said. The ruling essentially ends all outstanding Symantec requests for preliminary injunctions against Network Associates products, Network Associates said. In light of the ''favorable ruling,'' Network Associates dropped its defamation lawsuit, the company said. Symantec said it will continue to pursue its infringement lawsuit. ''We're going to take this to trial,'' said Symantec Chief Executive Gordan Eubanks. A trial is scheduled for September. Eubanks also said Network Associates made the ''appropriate'' move by dropping its defamation action. ''They had no case,'' he said.

To: Narotham Reddy who wrote (1829)	12/30/1997 9:26:00 PM
From: Dennis G.	Read Replies (1) \| Respond to of 6021

Interesting. Maybe I was wrong about the selloff not being company specific. Maybe someone dumped on leaked info last week. Really has no effect on SYMC business. Was just a denial of the injunction. Doesn't say if the case is over, but dropping the ludicrous slander suit is certainly OK with me. I think they should both drop all lawsuits and get back to business. SYMC can compete with anyone and they're doing just fine right now. The sooner they stop spending money on lawyers the sooner that will help the bottom line. Dennis