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

To: Chuzzlewit who wrote (3659)	11/30/1998 10:58:00 AM
From: AlienTech	Respond to of 6021

BancBoston Robertson Stephens Upgrades Network Associates to a Strong Buy Rating SAN FRANCISCO, Nov. 30 /PRNewswire/ -- The following is being issued by BancBoston Robertson Stephens, a member of the National Association of Securities Dealers, CRD number 41271: BancBoston Robertson Stephens senior networking software analyst John F. Powers today upgraded Network Associates (Nasdaq: NETA) to a Strong Buy rating from a Buy. Network Associates, located in Santa Clara, California, is a leading vendor of anti-virus and network management software. Due to aggressive acquisitions and distribution efficiencies, Network Associates is the 10th largest software company in the world and one of the most profitable. "In our opinion, Network Associates' business fundamentals remain very strong," said Powers. "At the end of last quarter, the company exhibited greater optimism about current business trends, and we believe that the pipeline continues to improve . Consequently, we remain very comfortable with our current quarterly estimates of $266.7 million in total revenue and $0.45 in EPS and we believe that that near-term catalyst will continue driving the stock price higher. "Compelling valuation merits a rating upgrade to Strong Buy," said Powers. "At its current price of $51, Network Associates is trading at a P/E of 24x our $2.14 expected 1999 EPS estimate and at 6x expected 1999 revenues. With a building pipeline and with management focused on executing, not acquiring, we believe that revenue and EPS growth in Q4:98 will grab investor attention. We would expect Network Associates to trade at the 30x forward-year multiple that would match EPS growth. We are establishing a target price of $80 and we rate Network Associates a Strong Buy." BancBoston Robertson Stephens is a leading international investment-banking firm focused on emerging growth companies. The firm's 55 senior research analysts cover over 575 companies. The information contained herein is not a complete analysis of every material fact respecting any company, industry or security. Although opinions and estimates expressed herein reflect the current judgment of BancBoston Robertson Stephens, the information upon which such opinions and estimates are based is not necessarily updated on a regular basis; when it is, the date of the change in estimate will be noted. In addition, opinions and estimates are subject to change without notice. This Report contains forward-looking statements, which involve risks and uncertainties. Actual results may differ significantly from the results described in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, those discussed in "Investment Risks." BancBoston Robertson Stephens from time to time performs corporate finance or other services for some companies described herein and may occasionally possess material, nonpublic information regarding such companies. This information is not used in the preparation of the opinions and estimates herein. While the information contained in this Report and the opinions contained herein are based on sources believed to be reliable, BancBoston Robertson Stephens has not independently verified the facts, assumptions and estimates contained in this Report. Accordingly, no representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information and opinions contained in this Report. BancBoston Robertson Stephens, its managing directors, its affiliates, and/or its employees may have an interest in the securities of the issue(s) described and may make purchases or sales while this report is in circulation. BancBoston Robertson Stephens International Ltd. is regulated by the Securities and Futures Authority in the United Kingdom. This publication is not meant for private customers. The securities discussed herein are not FDIC insured, are not deposits or other obligations or guarantees of BankBoston N.A., and are subject to investment risk, including possible loss of any principal amount invested. NOTE: Clients interested in receiving reports, please contact your salesperson directly. /CONTACT: Michelle Duron of Blanc & Otus, 415-693-3334, or 415-512-0500, or mduron@bando.com, for BancBoston Robertson Stephens/ 09:37 EST

To: Chuzzlewit who wrote (3659)	11/30/1998 10:59:00 AM
From: AlienTech	Read Replies (1) \| Respond to of 6021

Network Associates and KPMG Team to Assist Organizations With Service Level Monitoring and Management Companies Sign Agreement to Provide Services Based on Network Associates' Network Informant Reporting Tool SANTA CLARA, Calif., Nov. 30 /PRNewswire/ -- Network Associates (Nasdaq: NETA) today announced that leading IT consultant KPMG Peat Marwick LLP will use Network Associates' Network Informant enterprise reporting solution to facilitate KPMG's new business service to provide customers with increased network visibility. The service is designed to help businesses better manage and measure the complexities of third party and internal IT services, to ensure cost control, successful implementations and contract fulfillment. Network Informant is a key component of Network Associates' Total Network Visibility suite of products, delivering superior network management for corporate environments. KPMG's oversight methodology, based on Network Associates' Network Informant advanced reporting technology, will allow organizations to establish and track service levels with IT service organizations and outsourcers, and provide data in business-oriented reports instead of raw technology data, to ensure agreements are truly being met. In turn, the methodology allows IT service vendors, organizations and outsourcers to track their own progress and help clients measure their success based on fair practices and mutually pre-determined goals. According to Larry Rodda, principal with KPMG Peat Marwick LLP, a company's visibility into service levels provided by both internal and external IT organizations is essential to maintain the confidence, support and investment in technologies critical to its business. With its highly customizable and flexible web-based reports for service level management and cost control, Network Informant will help make KPMG's new service and oversight methodology possible. Using this methodology and technology, KPMG is enabling companies that use outside IT services, or depend upon their internal IT organizations, to better gauge whether their contracts and expectations are being fulfilled. This service will also help companies and departments that provide IT services to more effectively measure and maintain customer satisfaction, track self progress and service levels and overcome customer dissatisfaction that would be typically hard to quantify. "Our clients absolutely require a higher and more sophisticated degree of business-relevant reporting to make effective judgments about the services provided by internal IT organizations or outsourcing providers," said James Mowrer, senior manager at KPMG. "Network Informant enables us to collect the data required to effectively measure and manage service levels provided by today's mix of clients and servers working together in a complex network environment. This allows our customers to manage service levels from a business perspective and evaluate the data to ensure they receive exactly the service required." "KPMG is demonstrating the power of enterprise scalability and flexibility of the Network Informant reporting tool," said Joanne Evans, executive vice president of Worldwide Field Operations, Network Associates. "The same technology that network managers of large enterprises trust to monitor their networks, measure service levels and control costs will help IT organizations become more accountable to their clients while helping them to maintain customer satisfaction and accurately measure progress of IT implementations." Network Informant's key features include: * Distributed Polling Architecture. Network Informant provides enterprise scalability allowing it to collect data from any LAN or WAN network device by polling for SNMP MIB data across the enterprise to produce reports on demand that give visibility into service level performance. Network Informant also has an extensible polling engine that makes it a more efficient and cost-effective monitoring device, only accessing the WAN for the scheduled uploading of polling data to better utilize network bandwidth. * Flexible Reporting Capabilities. Network Informant incorporates industry standard Crystal Reports, enabling end users to create new customized business reports, or modify the packaged report sets to their unique business needs. * Service Management Reports. Network Informant produces standard reports that document network availability and service levels. They compare current activity to baseline values collected to enable users to identify trends that require management attention and action. * Cost Control Reports. Network Informant tracks WAN utilization levels to identify over- and under-utilized links. Accountability reports analyze network congestion within the service provider's cloud to ensure that all bandwidth being purchased is received and available. Network Informant is a key component of Network Associates' Total Network Visibility Suite, providing users with the best of breed network and application management tools for enterprise problem resolution. Leveraging the company's award-winning Sniffer technology, TNV combines network fault management, reporting and planning into one integrated suite, enabling companies to support the entire lifecycle of network applications across today's leading and legacy technologies. With headquarters in Santa Clara, California, Network Associates, Inc. is a leading supplier of enterprise network security and management solutions. Network Associates' NetTools Secure and NetTools Manager offer best-of-breed, suite-based network security and management solutions. NetTools Secure and NetTools Manager suites combine to create NetTools that centralizes these point solutions within an easy-to-use, integrated systems management environment. For more information, Network Associates can be reached at 408-988-3832 or on the Internet at nai.com. For more information on KPMG's involvement with this press release, contact James Mower at 916-554-1631 or visit KPMG on the Internet at us.kpmg.com. /CONTACT: Tony Welz of Network Associates, Inc., 408-346-3021; or Kevin Kempskie of Copithorne & Bellows, 415-975-2227, for Network Associates; or James F. Mowrer of KPMG, 916-554-1631/ 08:00 EST