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


To: Wheats who wrote (4848)4/8/1999 5:06:00 PM
From: Joanna Tsang  Respond to of 6021
 
Yea, right -- its always the CFO's fault when the Sales Force can't deliver. Grow up.
Yes, the sales force may not have met quotas and has a hand in the problems of the company. However, it's better from the investor's perception of the company to announce a bad earning for the quarter rather than hide it. The sales force has no control on making those numbers look good. The CFO does!!! He screwed up by using questionable accounting practices. This is not good business in my book!!!

BTW, NETA is probably a good buy around current levels -- doesn't mean it can't go lower. But a year from now it should better than it does today.
I don't disagree with you on this point, but things will NOT be better 'til next year when the Y2K issue is dealt with for most IT houses. This is not just a plague with NETA...it's with a lot of software companies that sell to the enterprise market...and NETA admits to being plague by the Y2K virus too!!!

Regards,
Joanna