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

To: Joanna Tsang who wrote (2232)	3/24/1998 4:57:00 PM
From: Chuzzlewit	Read Replies (2) \| Respond to of 6021

IBM Regards, Paul

To: Joanna Tsang who wrote (2232)	3/24/1998 5:02:00 PM
From: Kris	Read Replies (1) \| Respond to of 6021

If you can't beat 'em, buy 'em out!!! ;-) I like that, if that's what they are doing, then the next one should be : Symantec (SYMC) or Dr.Solomon (SOLLY). Kris

To: Joanna Tsang who wrote (2232)	3/24/1998 6:13:00 PM
From: Shelia Jones	Respond to of 6021

Until they run out of money? See 2nd article from February. >>How many companies are NETA planning to buy out this year, anyway? I know they're building some treasure chest to buy out a bunch of companies and all... Any ideas what company might be next? << Network Associates (NASDAQ:NETA) to buy Magic Solutions Reuters, Tuesday, March 24, 1998 at 17:34 SANTA CLARA, Calif, March 24 (Reuters) - Network Associates Inc. said Tuesday it agreed to buy Magic Solutions Inc. in a cash deal valued at about $110 million. The company said the deal, which is expected to close in its second quarter, will establish it as the world's largest provider of internal help desk applications for the Microsoft NT operating environment, and the second largest provider of client/server service desk solutions over all. "It will be a significant charge in the second quarter," Chief Financial Officer Probhet Goyal said. "It could be pretty significant, over $100 million definitely but (likely) in the $180 million to $190 million range." Chairman and Chief Executive William Larson said the acquisition would be non-dilutive to earnings and would not change the company's guidance to analysts on earnings estimates adding that he is "very comfortable with analysts estimates for earnings. We have no change in guidance for the quarter." Analysts expect the company to report first quarter earnings of $0.54 a share, according to First Call. Paramus, New Jersey-based Magic Solutions pioneered the internal support market with the introduction of the industry's first packaged support application in 1988. Under the terms of the deal, Network Associates will pay to the Magic Solutions' stock and option holders cash of about $110 million. Both boards have approved the merger, which will be accounted for as a pooling of interests. Santa Clara, California-based Network Associates was formed by the merger of McAfee Associates and Network General. Copyright 1998, Reuters News Service **************************************************************** **************************************************************** Companies or Securities discussed in this article: Symbol Name NASDAQ:NETA Network Associates (NASDAQ:NETA) to raise $300 mln debt Reuters, Tuesday, February 10, 1998 at 08:08 SANTA CLARA, Feb 10 (Reuters) - Network Associates Inc said it will raise up to about $300 million through a private offering of zero coupon convertible subordinated debentures to qualified institutional buyers. The company said it will use the net proceeds of the offering, together with its existing, year-end cash balances and short term investments of approximately $350 million, to provide greater financial flexibility in connection with future business opportunities, and for working capital and general corporate purposes. No other terms were disclosed. Company officials were not immediately available to comment further. Copyright 1998, Reuters News Service