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Technology Stocks : Security Dynamics SDTI -- How much money can they make?? -- Ignore unavailable to you. Want to Upgrade?

To: Doug who wrote (426)	4/17/1998 3:06:00 PM
From: Maverick	Read Replies (1) \| Respond to of 1614

Network Associates Inc. (NETA) 64 +3/16: Hambrecht & Quist initiates coverage of network and security management company with "buy" as company is becoming one-time shopping in network management and security; with the adoption of Windows NT as its platform, this will create opportunities in the management area; also, entry into the HelpDesk arena should give NETA another source for good growth potential; expects company to earn $2.40 a share in FY98 on revenues of $802.7 mln.[NETA has been eating SDTI lunch for customers prefer one stop shopping]

To: Doug who wrote (426)	4/17/1998 4:20:00 PM
From: Edward F. Horst Jr.	Read Replies (2) \| Respond to of 1614

My notes from the Robby Stephens Tech Conference in late February were very positive. The CEO was very encouraging stating "that business was never better". Besides the four equity positions they have, which I've posted, he also indicated they had sold their Netscape position. Other key points for 1998 were: [1] 60% revenue growth; [2] 24% margins; [3] $165M cash; [4] 650 employees; [5] 350 OEMs/VARs; [6] felt SDTI was strongly positioned in enterprise whereas NETA was more PC-centric; [7] SecureSight major initiative for '98. I came away intending to begin accumulating, which fortunately I waited until it broke to $29. I've added several times down to $24. I don't know what could have motivated them to make the statement creating all the uncertainty, but I feel it is the major factor overhanging the stock. I'm holding, with the belief that any modifications to 1998 plan are already factored into "hopefully an overreaction". FUD isn't recommended to hang on ones own stock! Hope this helps.