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   Technology StocksNetwork Associates (NET)


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To: Ojing Eo who wrote (6000)3/1/2002 5:32:02 AM
From: AlienTech
   of 6021
 
You mean they can sue me for saying their crappy program crashed my machine and prevented its normal operation? And that I lost 2 friends over my recommendation to use their program as it trashed their computers??

Hey its one way to prevent people from complaining about crap.

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To: AlienTech who wrote (6002)3/1/2002 5:37:18 AM
From: AlienTech
   of 6021
 
Time to read the fine print? Heres a part from the article..

accounting tricks to watch for

It's getting mighty difficult for small investors to pick stocks these days when even pros trained in scrutinizing balance sheets are getting snowed by the likes of Enron.

"It's the old dilemma: Reveal vs. conceal."

And here's the kicker: If a company is bent on fooling investors and Wall Street, there's little one can do to detect it, experts said.

1. Earnings are rising, but cash flow is flat or declining. When a company's profits are going up, its cash flow should be moving in tandem

It's important to remember that earnings are not the same as cash flow.

Cash flow, however, only measures the money going in and out of a company.

A company could ship more goods to retailers than they ordered and book it all as sales. This inflates revenue, resulting in higher profits on the income statement - but not cash. Instead, these extra products appear as an increase in accounts receivable - bills a company expects or hopes its customers will pay.

"It's very common, especially in the tech world," Sellers said.

Check Securities and Exchange Commission filings - the 10-K for yearly and 10-Q for quarterly reports - at Freeedgar.com for a company's cash flow and income statements, as well as balance sheet.

2. Sales or revenue per employee soars. A good way to find out if a company is inflating the top line is to calculate the total sales or revenue per employee

The figure will vary by industry, but a general rule of thumb is to suspect any number over $500,000 per worker, he said.

An ever-climbing sales per employee number shows that a company's business might be booming but it hasn't hired more workers in proportion to handling the extra load. Be wary.

3. Boosting earnings from an "over-funded" pension plan.

A company that's desperate to boost earnings can, for example, increase the expected rate of return - which will result in a larger value for the pension plan.

As a result, the firm just saved some extra money - boosting profits.

4. Taking too many "extraordinary" or "non-recurring" gains or losses.

So the firm will "write off everything but the kitchen sink," he said.

5. Suspicious "related-party transactions" It's smart to read the footnotes in a company's financial reports pertaining to "related-party transactions," Sellers said. You might be surprised at what you find. Verisign (VRSN: news, chart, profile), for one, allegedly boosted sales by investing in a small start-up business that turned around and used the cash infusion to buy products and services from Verisign, he said.

Deborah Adamson is a reporter for CBS.MarketWatch.com in Los Angeles.

marketwatch.com

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To: AlienTech who wrote (6003)3/18/2002 9:57:08 PM
From: Death Sphincter
   of 6021
 
hangin around the old graveyard? just had to check in on this thread after a few years. remember the good old days in the late 90's? when many were doubting that liar Larson's bullcrap and taking profits at higher level...and some were talking doom and gloom... and bubble.. and how can companies like this with 15%-20% growth be trading at 70-100PE. and the likes of Chizzletwit were constantly puking BUY AND HOLD BUY AND HOLD...DON'T SELL THAT YOU FOOL!!!! WHY ARE YOU TRYING TO TRADE THIS STOCK..YOU IDIOT YOU CAN'T TIME A MARKET.....NOBODY CAN!!!

take a trip down memory lane:
Message 7429126

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To: Death Sphincter who wrote (6004)3/24/2002 11:11:42 PM
From: Ojing Eo
   of 6021
 
I remember the good old days when techstocks.com
could keep the ticker symbols current, too.

MCAF, NETG -> NETA and all.

Ojing

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To: Ojing Eo who wrote (6005)3/24/2002 11:15:39 PM
From: Ojing Eo
   of 6021
 
Cheque from Rosenthal & Co. received,
re litigation against NETA and execs.
Pennies on the dollar for me, millions for the sharks.

Ojing

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To: Tim Robbins who started this subject3/29/2002 1:30:05 AM
From: Ojing Eo
   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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To: Tim Robbins who started this subject3/25/2003 12:44:02 AM
From: Ojing Eo
   of 6021
 
Got another class action settlement cheque
this month.

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To: Ojing Eo who wrote (6008)3/26/2003 2:10:12 AM
From: Conan
   of 6021
 
Hey, you were the only poster in the past year. Amazing how dead this once high flyer is now. Watching the whole Bill Larson insanity play out over the years starting in 1996 was truly a spectacle of greed, lies, manipulation, and hyper ego. Billy boy should have been in that bunker with Saddam when the bombs landed.

Conan

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To: Ojing Eo who wrote (6007)3/27/2003 8:59:12 PM
From: Victor Lazlo
   of 6021
 
Network associates provides the hosting and site maintenance for al jeezeera.

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To: Victor Lazlo who wrote (6010)3/28/2003 9:46:33 AM
From: deeno
   of 6021
 
Yea, probably booked in the Dinar as Dollars "by mistake" so they can restate earnings one more time. This managment aint any different then the Larsen group. I'm so glad I dumped this stock awhile back. Probably should remove the bookmark, but ilke looking here for old time sake. Good luck.

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