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


To: Mark Wise who wrote (4714)4/6/1999 4:44:00 PM
From: Taby  Respond to of 6021
 
Ya, however, NETA has dropped from 67 to 20. How long the stock price of the number one security software will remain at these levels?



To: Mark Wise who wrote (4714)4/6/1999 4:49:00 PM
From: Carlsay  Read Replies (2) | Respond to of 6021
 
This is a classic buy opportunity, rather than to sell. People are easy to be panic and forget the reality and fundamentals.

The security sector may have a little slow-down, just like other software sectors. But the leader is normally survived and will recover quickly. If CHKP can be at 30, NETA should be 35. This is what I expect.

There is no new news on today's sell. Accounting problem? It is the same thing which drove the NETA from $60 to $30. Today's sell is definitely a buy opportunity. I bought some at 29 last time and loaded more today. I am very confident of being profit from investing Network Associates.

Network Associates has broad products from networking security to virus software. These products will not be affected much due to Y2K issues. Companies can not cut these necessary expenses on these products. McFee virus products are still the best.

The accounting investigation covers more than 100 companies in the sector. It is not just Network Associates.

Current price is far below 54 week's low. Be comfortable, people.

The time will tell us the above statement is correct.