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Cyberguard Corp

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August 25, 1998 | Reuters
Internet-security specialist CyberGuard Corp. said its accounts were unreliable and that it was suspending its chief executive and chief financial officer. The boardroom turmoil, along with news that CyberGuard's auditors had quit, sapped the Fort Lauderdale, Fla.-based software maker's shares of more than two-thirds of their value and drew inquiries from U.S. regulators. CyberGuard's stock fell $4.31 to close at $1.88 on Nasdaq after touching a 52-week low of $1.50.
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BUSINESS
July 13, 2004 | From Associated Press
CyberGuard Corp., a provider of information-technology security systems, said it had made an unsolicited bid to acquire Secure Computing Corp. for $297 million. Fort Lauderdale, Fla.-based CyberGuard sent its offer to Secure a week after Secure, which is based in San Jose, said it would miss its second-quarter earnings targets. Based on Friday closing prices, CyberGuard's offer of a 1-for-1 stock swap represents a 22% premium for Secure shareholders.
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BUSINESS
July 13, 2004 | From Associated Press
CyberGuard Corp., a provider of information-technology security systems, said it had made an unsolicited bid to acquire Secure Computing Corp. for $297 million. Fort Lauderdale, Fla.-based CyberGuard sent its offer to Secure a week after Secure, which is based in San Jose, said it would miss its second-quarter earnings targets. Based on Friday closing prices, CyberGuard's offer of a 1-for-1 stock swap represents a 22% premium for Secure shareholders.
BUSINESS
August 25, 1998 | Reuters
Internet-security specialist CyberGuard Corp. said its accounts were unreliable and that it was suspending its chief executive and chief financial officer. The boardroom turmoil, along with news that CyberGuard's auditors had quit, sapped the Fort Lauderdale, Fla.-based software maker's shares of more than two-thirds of their value and drew inquiries from U.S. regulators. CyberGuard's stock fell $4.31 to close at $1.88 on Nasdaq after touching a 52-week low of $1.50.
BUSINESS
July 16, 2004
* A U.S. appeals court agreed to consider the tobacco industry's challenge of a lower court ruling that declined to limit the $280 billion in penalties the government was seeking in its racketeering case against the industry. * Secure Computing Corp. said its board had rejected an unsolicited buyout offer from CyberGuard Corp. * Marvel Enterprises Inc. filed suit against Walt Disney Co.
BUSINESS
September 29, 1998 | JUBE SHIVER Jr., TIMES STAFF WRITER
With stocks rocketing upward again, the head of the Securities and Exchange Commission on Monday called for a government and industry crackdown on businesses suspected of contributing to the market's euphoria by exaggerating their earnings. "I fear that we are witnessing an erosion in the quality of earnings and, therefore, the quality of financial reporting," SEC Chairman Arthur Levitt said in prepared remarks released before his speech at New York University.
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