June 17, 2004 |
The Securities and Exchange Commission on Wednesday filed civil charges of accounting fraud and insider trading against a former Network Associates Inc. chief financial officer. Prabhat Goyal was accused of overstating revenue and earnings from the second quarter of fiscal 1998 through the fourth quarter of fiscal 2000 and selling stock during that time, the SEC said in a statement.
January 27, 2004 |
A malicious program attached to seemingly innocuous e-mails was spreading quickly over the Internet, clogging network traffic and potentially leaving hackers an open door to infected personal computers. The worm, called "Mydoom" or "Novarg" by anti-virus companies, appears to be an e-mail error message. A small file is attached that, when launched on computers running Microsoft Corp.'
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.
March 27, 2003 |
Network Associates Inc., a security software company under investigation by the Securities and Exchange Commission, said Wednesday that the Justice Department also had launched a probe against it, sparking a drop in its shares. Chief Executive George Samenuk said Network Associates learned about the Justice Department investigation this quarter, although he declined to give any details. The Justice Department "is involved at this point," Samenuk told analysts in a conference call.
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.
October 11, 2002 |
EARNINGS * Network Associates Inc., a maker of computer security and anti-virus software, reported better-than-expected profit growth for the third quarter, sending its shares up 25%. Network Associates also said it cut 100 jobs and would shift one-third of the nearly 600 workers at its Santa Clara, Calif., headquarters to a facility near Dallas to reduce costs. Net income was $9.1 million, or 6 cents a share, contrasted with a net loss of $11.