February 24, 1998 |
Network Associates Inc. said it will buy Trusted Information Systems Inc. for about $300 million in stock, which would make Network Associates the largest provider of security products for corporate networks. Santa Clara-based Network Associates makes software that helps companies secure and monitor their computer linkups. It would pay about 32 cents a share for each Trusted Information share, valuing Glenwood, Md.-based Trusted Information at $20.19, or 60% more than Friday's close.
March 10, 2005 |
Ingram Micro Inc., the world's largest distributor of computers and related parts, said it received requests for information related to federal investigations of Network Associates Inc. Ingram Micro received subpoenas from the U.S. attorney's office for the Northern District of California in connection with a grand jury probe of transactions with Network Associates, Santa Ana-based Ingram Micro said in a filing with the Securities and Exchange Commission.
January 7, 2003 |
Computer virus fighter Network Associates Inc. said that it bought Deersoft Inc., the maker of SpamAssassin, software designed to stem the tide of unwanted e-mail swamping corporate computer networks. The Santa Clara, Calif.-based company paid an undisclosed amount for privately held Deersoft of San Mateo, Calif.
April 26, 2002 |
Network Associates Inc. shares fell 20% after the anti-virus software maker said it will restate 1999 and 2000 results after finding accounting errors, and the company withdrew its $225-million offer for the rest of McAfee.com Corp. The shares dropped $4.86 to $18.89 on the New York Stock Exchange. They sank as low as $17.40, paring as much as $931.8 million from the company's market value. McAfee.com tumbled $4.57, or 25%, to $13.97 on Nasdaq.
July 14, 1999
Network Associates Inc., the No. 1 maker of security software, said it settled a patent lawsuit against rival ISS Group Inc. that was intended to block ISS from selling its flagship product. The settlement has no adverse effect on either company's business or finances, the companies said in a joint statement. Terms weren't disclosed. A little more than a year ago, Network Associates sued ISS Group, asking a federal court to bar its rival from selling its RealSecure software.
June 13, 2003 |
A former executive of Network Associates Inc. has pleaded guilty to securities fraud in connection with a scheme to overstate the software maker's revenue and earnings from 1998 to 2000, prosecutors said Thursday. Terry W. Davis, 41, a vice president of the Santa Clara, Calif.-based company until April 2002, entered the plea Wednesday in federal court in San Francisco. As part of the plea agreement, the former executive agreed to cooperate with the Justice Department's investigation.