Network Associates was up 11.6% in preopen Island trading. After the close Thursday, the computer security company reported a second-quarter loss of 2 cents per share, narrower than the 6-cent loss analysts were expecting. A year earlier, the company posted a profit of 24 cents per share. The results do not include charges or the company's stake in security software maker McAfee.com (MCAF) .

Lehman Brothers raised its 12-month price target for Network Associates to $18 from $16, saying it "strongly recommends" buying the stock at current levels.

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