Advertisement
YOU ARE HERE: LAT HomeCollectionsNetwork Associates Inc
IN THE NEWS

Network Associates Inc

FEATURED ARTICLES
BUSINESS
June 17, 2004 | From Reuters
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.
ARTICLES BY DATE
BUSINESS
March 10, 2005 | From Bloomberg News
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.
Advertisement
BUSINESS
January 4, 2001 | Bloomberg News
Network Associates Inc. named George Samenuk chief executive of the computer security software maker, replacing Bill Larson, who said he was leaving last week as the company's sales lagged forecasts. Samenuk, 45, has been president and CEO of closely held Tradeout.com, which links buyers and sellers of surplus industrial goods. He worked for IBM Corp. for 22 years.
BUSINESS
December 1, 2004 | From Bloomberg News
U.S. prosecutors on Tuesday charged a former chief financial officer at McAfee.com Corp. with trying to defraud shareholders by exercising stock options in 2000, when he knew the financial statements were wrong. Evan Collins, 42, exercised 30,000 shares of Network Associates Inc., which had spun off McAfee and later repurchased the company, and sold them for a profit of about $250,000, the Justice Department charged in San Francisco federal court.
BUSINESS
June 10, 1998 | Bloomberg News
Network Associates Inc., a fast-growing security-software company, agreed to buy Dr. Solomon's Group for $642 million in stock as it battles Symantec Corp. for leadership of the anti-computer-virus market. Network Associates would pay 0.82875 share for each American depositary receipt of Dr. Solomon's, Britain's leading maker of software that protects against viruses that damage computer files. That values each ADR at $34.81, about 8% over Monday's closing price.
BUSINESS
June 13, 2003 | From Times Wire Services
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.
BUSINESS
March 10, 2005 | From Bloomberg News
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.
BUSINESS
January 7, 2003 | From Associated Press
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.
BUSINESS
April 26, 2002 | Bloomberg News
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.
BUSINESS
June 17, 2004 | From Reuters
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.
BUSINESS
January 27, 2004 | From Associated Press
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.'
BUSINESS
June 13, 2003 | From Times Wire Services
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.
BUSINESS
March 27, 2003 | From Reuters
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.
BUSINESS
January 7, 2003 | From Associated Press
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.
BUSINESS
October 11, 2002 | Glenda McCarthy
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.
Los Angeles Times Articles
|