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

To: AlienTech who wrote (4347)	3/18/1999 11:19:00 PM
From: kendall harmon	Respond to of 6021

It is also interesting to consider today's BBRS report in the light of the H and Q report for 3-10-99: Network Associates (NETA) BUY $47.00 FY98 E: 1.55 FY99 E: 2.13 Farrokh Billimoria fbillimoria@hamquist.com Quarter Appears Healthy Buy SEC Review Remains Open-ended We believe that the March quarter is healthy and that growth is broad-based across all products. Telesales continue to generate attractive growth in low-end products and the company has been effective in building out its VAR channel. Gross margins are also benefiting from a mix shift from hardware to software. However, the company's SEC review remains unresolved and there is a possibility that the restated charges may exceed previous estimates. Despite the SEC issues, we remain confident in the company's fundamentals and we reiterate our BUY recommendation.