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Technology Stocks : Network Associates (NET)
NET 75.42+3.8%4:03 PM EDT

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To: Ojing Eo who wrote (6013)10/2/2004 9:40:20 AM
From: AlienTech   of 6021
 
Let me get this right... He made 1.4 million but only has to pay a fine of 250K? Heck crime does pay... But what about those who gave him the order.. Those who made the 100 millions... You know the others who are so good with lines... We kill em dead.. The clint eastwood types... Pizza anyone?

The charges against the former executive, Terry Davis, 41,
were the first to emerge from an investigation into conduct
at Network Associates after the company restated its
earnings last year for the years 1998-2000, according to the
United States attorney's office for the Northern District of
California.

A lawyer for Mr. Davis, who faces a maximum of 10 years in
prison, a fine of $250,000 and restitution for damages, said
his client was satisfied with the plea.

He also admitted making false statements to the company's
independent auditor, PricewaterhouseCoopers and earned about
$1.4 million from trading the company's stock using
nonpublic information, authorities said.
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