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

To: Edwarda who wrote (4359)	3/19/1999 8:51:00 AM
From: kendall harmon	Read Replies (1) \| Respond to of 6021

NETA is gapping up from tomorrow's drubbing and should be carefully watched today. Someone on another thread is saying that Bear Stearns reiterated their buy this morning but I have not been able to confirm this. Can anyone help confirm this?

To: Edwarda who wrote (4359)	3/19/1999 11:01:00 AM
From: mrknowitall	Read Replies (2) \| Respond to of 6021

Edwarda - it would appear the largest problems are systemic to the way a "drive-fast-take-chances" software company conducts business with its end-users. Business entities, particularly large ones who used to be repeat/add-on buyers of Sniffers aren't getting the attention and service (i.e., technical support) they used to get and are letting competitors that they never would have considered before. From what I understand, NAI is fighting back with a lot of promises and more importantly to investors, even bigger discounts. Given that Sniffer sales were a substantial portion of the business historically, we can see how hard it would be to make the quarter under those circumstances. What can we learn as investors? -Glamour companies are volatile (duh!); -Glamour companies are not always what they seem - bean counters, attorneys, analysts and marketmakers know how to play the glamour game and we get caught up in their wake; -Highly stock-leveraged-compensation management's business decisions often reflect what is best for them in the short-to-near-term; -Buy-shred-burn works for a period of time, then reality sets in when the ultimate market authorities (customers with real $$) speak. The "Emperor's New Clothes" comes to mind. Mr. K.