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Technology Stocks : Network Associates (NET)
NET 77.68+2.8%4:00 PM EDT

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To: Tim Robbins who started this subject3/29/2002 1:30:05 AM
From: Ojing Eo  Read Replies (1) of 6021
 
nytimes.com
NETA tumbled 11 percent yesterday
after it disclosed that federal regulators had begun a
formal investigation into its accounting practices during 2000.

The inquiry and falling stock price caused Network
Associates to delay its $248 million offer to buy out its
former spinoff, McAfee.com. That news sent shares of
McAfee.com down 16 percent.

Ojing
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