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

To: AlienTech who wrote (4801)	4/7/1999 3:02:00 PM
From: RealMuLan	Respond to of 6021

<<You would think after the last few weeks of high volume sell off's everyone who wanted to sell is done by now. >> It is the short sellers. They will have to cover at some point. I have no position, but was thinking to pick up some. Luckily, haven't. Good luck.

To: AlienTech who wrote (4801)	4/7/1999 3:03:00 PM
From: Just_Observing	Read Replies (2) \| Respond to of 6021

NETA misled analysts and they'll not forgive or forget soon. Yesterday, Chris Shilakes of Merrill had a conference call on NETA and reiterated a buy at 22 to 23 stating that NETA would hit their revenue numbers for the quarter. He was estimating 286 million for the quarter. On his comments, I put in a buy at 21 7/8 which did not get filled which I later cancelled. Also, the Morgan Stanley analyst stated that he expected NETA to hit his revenue projection of 283 million but was concerned about DSOs (I think I am remembering this right). Now the analysts have had their credibility shot. They will not forgive or forget soon. If NETA will recover, it'll have to do it without the backing of analysts. Steven Frankel of Adams Harkness who downgraded the stock at 67 is likely the first to upgrade the stock, if and when it happens.