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

To: Chuzzlewit who wrote (4524)	3/26/1999 8:43:00 PM
From: deeno	Respond to of 6021

No No its a REALLY good hedge ;-). <EOM>

To: Chuzzlewit who wrote (4524)	3/26/1999 9:01:00 PM
From: AlienTech	Read Replies (1) \| Respond to of 6021

>>So, buy the put, sell the stock and sell the put. But I would think you would need a lot of stock to push the price around, and this strategy really depends on having bought the stock at a lower price. Why do you think the same person did both trades?<< He hasent sold the puts yet, But some one saw it and panicked causing the sudden drop near the end.

To: Chuzzlewit who wrote (4524)	3/26/1999 11:06:00 PM
From: AlienTech	Respond to of 6021

Always find someone else to write what you wanted to but didnt know how to. NETA's Is A Poorly Run Co. by: SecVet 5198 of 5259 It is highly unlikely that MSFT would even consider acquiring NETA. While I wish NETA luck, it important to be cognizant of NETA's shortcomings. And a stock doesn't go up after it craters just because it has done so in the past. NETA's problems include: -Poor Products- With the exception of anti virus, where they are the hands down leader, all of NETA's other products are bottom of the barrel. The product line consists of a hodgepodge accidentally collected through corporate acquisition. Fortune 500 customers are keenly aware that NETA products don't integrate and don't work in large enterprises. The stories abound about NETA sales people having to give back partial refunds to large customers. The problem with NETA products is that they were created by as many as 45 different development teams over a 7 year period. Since none of these people are even still employed by NETA, the products have not changed with the times. -Staffing: They have an inadequate staff to run the co but yet continue to lay off people every chance they get. NETA's revenues per employee are very high. With 1600 employees reported and 1 billion in revenues, that's $625K per employee. Very few co.s have this high a ratio. This could be interpreted a number of ways, but I think they they are clearly understaffed. This doesn't bode well for the future and having a strategic vision. -Management: Doesn't have a good grasp of what security customers want. NETA does however have smart aggressive business people in senior mngmt roles. But they have taken some risky accounting strategies. For e.g., expensing 1997 SuperBowl commercials as part of acquisition costs? (When Mcafee and Network General merged). Hello!!!! This is trouble just waiting to happen. -Fundamentals: While profits have historically been good, they have all come through acquisition. Mngmt doesn't know how to fundamentally operate a successful business the old fashioned way: Offering industrial strength products, strong sales teams, strategic planning, etc. Just my thoughts