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

To: John Carragher who wrote (3493)	11/2/1998 12:08:00 AM
From: Richard Haugland	Read Replies (2) \| Respond to of 6021

AT Goin' Crazy about NETA on Yahoo Board: Network Associates Inc. 'Buy' at Jefferies & Co. by analyst Bruce D. Smith at Jefferies & Co. The 12-month target price is $80.00 per share. 'Buy' at Sands Brothers by analyst Aaron M. Scott at Sands Brothers & Co Ltd. The price target is $75. 'Strong Buy' at Loewenbaum in new coverage by analyst Frederick D. Ziegel at Loewenbaum & Company Inc. The new long-term rating was also ''strong buy.'' The price target is $65-75 per share. 'Buy' at BBH in new coverage by analyst Dawn S. Simon at Brown Brothers Harriman & Co. The new long-term rating was also ''buy.'' 'Buy' at Lehman Brothers by analyst Michael E. Stanek at Lehman Brothers. The 12-month target price is $75.00 per share. 'Buy' at Gerard Klauer by analyst Arthur Newman at Gerard Klauer Mattison & Co. 'Attractive' at Bear Stearns in new coverage by analyst Bob Lam at Bear, Stearns & Co. Lam has a price target of $45-$50 per share. 'outperform' by analyst Charles E. Phillips at Morgan Stanley Dean Witter. 'Buy' at Merrill by analyst Christopher Shilakes at Merrill Lynch & Co. The 12-month target price is $65.00 per share. The long-term rating was also reiterated ''buy.'' 'Buy' at BancAmerica RS by analyst John F. Powers at BancAmerica Robertson Stephens. 'Buy' at NMSI by analyst Paul J. Dravis at NationsBanc Montgomery Securities. Research firm Hurwitz Group released a bulletin naming Network Associates the leading security-management software provider. 'Buy' at Hambrecht & Quist by analyst Farrokh Billimoria at Hambrecht & Quist. 'Focus List' at Soundview by analyst Michael Karfopoulos at SoundView Financial Group. 'Strong Buy' at BT Alex. Brown by analyst Mary A. McCaffrey at BT Alex. Brown Incorporated.

To: John Carragher who wrote (3493)	11/2/1998 4:46:00 AM
From: Edwarda	Respond to of 6021

John, this comment is pulled directly from a posting I made on the CA thread. I know how you feel, but... But there are a couple of things that should be kept in mind. First, the stock grants were approved years ago and were based on the stock's achieving and maintaining a price. We, the shareholders, knew this (if we did our homework), yet we bid the stock up and kept it there. We gave them the stock grant. Second, and more important, keep in mind that these guys had the option of having the taxes deducted from the total grant. They elected to borrow to pay the taxes and take all the stock. Now think of the bath they took when the stock cratered on their summer caution about a slowdown in mainframe software. A tax bill based on the value of the shares at the time of the grant and interest on borrowing that tax amount. I am no special fan of Charles and Sanjay, but I think that this time they were definitely shooting straight. And have been clobbered for it. As I understand it, what happened was that they heard about large mainframe software deals stretching out, going away, getting smaller, etc. for reasons with which you are already familiar at a high-level sales meeting. The Board was informed the next day and the conference call took place the following day. And they took a bath personally. Now other companies that were scoffing at the notion of Y2K remediation issues (PeopleSoft, Baan, Manugistics, need I continue? Not to mention macroeconomic issues and maybe the Euro) have been brought to their knees. SoundView just held a conference call to discuss how technology companies, hardware as well as software, are finding the trajectories of their revenue stream affected by Y2K alone. This company's history may not be the most savory, but everybody should be given a moment's credit for being grown up.