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

To: Jim Fraser who wrote (4693)	4/6/1999 3:04:00 PM
From: zx	Respond to of 6021

i agree and bought a little more long shares after it gapped down. will add more at 20. as long as at thinks they are okay . he is an expert on this company.

To: Jim Fraser who wrote (4693)	4/6/1999 3:08:00 PM
From: Narotham Reddy	Read Replies (3) \| Respond to of 6021

Repeat of CHKP Yesterday, CHKP collapsed for no reasons. Today, the CEO reassured the markets of their earnings and the stock recovered some. Narotham

To: Jim Fraser who wrote (4693)	4/6/1999 3:22:00 PM
From: Chuzzlewit	Read Replies (1) \| Respond to of 6021

The MSDW fears seem to be associated with several areas: 1. Amortization of goodwill as a result of SEC-mandated restatements; 2. Slower growth of security market than anticipated; 3. Lower operating margins (but a good portion of this relates to amortization of goodwill as a cost) 4. Lowered second half growth But there is a lot in the report that smacks me as being fatuous. For example, the claim is made that revamping IPR&D rules will impede mergers and acquisitions because they will be less accretive. Well I got news for Phillips: they were never accretive. It is only through accounting gimmicks that you make them appear accretive. Downgrading a stock on that basis alone is silly, yet outside of the slower growth issue which may be related to a combination of Y2K lockdowns and some longer-term generalized security market conditions he lowered his rating to neutral. But the company, according to the report, is expected to grow at 26% (down from 30%) because it will find it difficult to acquire other companies. This is just a first pass at what I read. I'll need to think more about the issues. TTFN, CTC