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

To: Joanna Tsang who wrote (4855)	4/8/1999 6:30:00 PM
From: AlienTech	Read Replies (1) \| Respond to of 6021

>>But won't this whole accounting practice contribute to investor's confidence? I mean, the analysts got cold water splashed in their faces... I would have more confidence in someone more if they own up to their mistakes and do something about it rather than sweeping it under the rug here.<< Why should anyone be blamed for something that was a standard business practice? It was not like they even hid the fact. The analyists just never bothered to make a big deal out of it since most of their favourite companies would be worth nothing other wise. There are a lot of standard business practices, which decent human beings will never do. Dont see much of a difference here. And I am sure the account business practice is not what is hurting any of them right now. Message 8777877 change names as appropriate!

To: Joanna Tsang who wrote (4855)	4/8/1999 8:23:00 PM
From: TraderGreg	Respond to of 6021

Someone screwed up big time here... Famous Greek saying: "The fish rots from the head." TG

To: Joanna Tsang who wrote (4855)	4/8/1999 8:24:00 PM
From: mrknowitall	Read Replies (4) \| Respond to of 6021

Joanna - and now it begins - two lawsuits - one of which I could qualify as a member of the "class" have been flashed onto the news wires. Good news seems to come in bunches, eh? I'll go back to something I said many, many months ago about Larson and NETA - the board is far too thin. No one on it heeded the warnings or tried to get people focused on making the company work - it has been a stock-trading game since Bill took over. He and a fairly large cadre of people are wealthy as a result. Is that wrong? Depends on your view of business goals. Is it ethical? Again, that depends on your view of business goals. Is it illegal? Certainly not. Did shareholders get hammered? Some, yes. Did those investors pay attention to the real day-to-day operation of the company? No - even though it was always "drive fast, take chances." Did they realize that it was primarily a growth engine as a result of acquisitions? Yes. Therefore - the only people investors and the starry-eyed sycophantic analysts have to blame are themselves. Still lurking in wait for a real board of directors . . . Mr. K.