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September 30, 2005 | From Bloomberg News
McAfee Inc., the No. 2 maker of anti-virus software, offered to pay a $50-million penalty to end a probe by U.S. regulators. The proposed settlement was worked out with the Securities and Exchange Commission staff and commissioners will vote on it soon, said Kent Roberts, general counsel of Santa Clara, Calif.-based McAfee. A portion of the $50 million may go to a shareholder compensation fund.
October 7, 1997 | Bloomberg News
McAfee Associates Inc. said in a preliminary results statement that its third-quarter earnings were 45 cents a share, just beating analysts' expectations, on sharply higher revenue from its anti-virus software. The Santa Clara-based software maker was expected to earn 44 cents a share in the third quarter, compared with 24 cents a share in the year-ago period.
August 24, 2002 | Associated Press
Antivirus company Corp. recommended its stockholders approve Network Associates Inc.'s $825-million bid for the 25% of McAfee not already owned by the network security firm. The latest offer represents a value of $17.18 a share based on Network Associates' price Friday. It's an 81% increase over the original offer made in March.
July 17, 1997 | (Bloomberg News)
McAfee Associates Inc. said it has won a contract worth more than $2 million to protect Defense Department computers from viruses, the largest contract the software maker has ever won. The Santa Clara-based company beat at least 16 other vendors for the deal to protect the world's largest institutional computer network, spokesman Mark Woodward said.
March 2, 2007 | From the Associated Press
McAfee Inc.'s former top lawyer pleaded not guilty Thursday in federal court in San Francisco to charges of stock options tampering in an alleged attempt to enrich himself at the expense of the computer security software maker's shareholders. A federal grand jury indicted Kent Roberts on Tuesday, nine months after McAfee fired him as its general counsel for improper handling of stock options issued in 2000 when the Santa Clara, Calif.-based company was known as Network Associates.
McAfee Associates agreed Monday to buy Network General Inc. for $1.3 billion in stock, creating one of the largest makers of software used to manage and protect computer networks. The deal is expected to help McAfee, the leading maker of anti-virus software, expand its presence in the growing area of computer network security and trouble-shooting.
September 4, 1994
Mildred McAfee Horton, 94, director of the WAVES during World War II and the first woman to receive a commission in the Naval Reserve. Mrs. Horton was president of Wellesley College in 1942 when she was asked to run the Women Accepted for Volunteer Emergency Service, a reserve unit of the Navy whose members performed clerical and secretarial duties so enlisted men could serve at sea. She took a leave of absence from Wellesley and received a commission in the Naval Reserve.
February 28, 2007 | From Times Staff and Wire Reports
A federal grand jury in San Francisco on Tuesday indicted Kent Roberts, former general counsel at McAfee Inc., accusing him of fraud in connection with alleged backdating of stock options. Roberts is the third executive to be indicted in Silicon Valley's backdating scandal. Two former executives at San Jose-based Brocade Communications Systems Inc. were indicted last summer.
July 8, 1992
The Chargers signed 11th-round draft pick Keith McAfee, a 6-foot, 214-pound running back from Texas A&M on Tuesday. McAfee, who gained 999 yards on 213 carries and averaged 4.8 yards a carry his senior year with the Aggies, was the Chargers' 12th choice in the NFL draft and the 285th overall selection. He became the second Charger draft pick to sign. Chris Mims signed June 5. BASEBALL Bill Almon, the Padres No.
June 10, 2006 | From Bloomberg News
Questions about improperly dated stock options widened Friday as Bay Area software makers McAfee Inc. and Intuit Inc. said their option practices were being investigated by the federal government. Media reports about the spreading probe prompted the California Public Employees' Retirement System to demand that 25 companies, including UnitedHealth Group Inc. and Comverse Technology Inc., start investigations into whether they backdated stock options granted to top executives.
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