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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.
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BUSINESS
December 18, 2007 | Jessica Guynn, Times staff writer
The Young Turks who made their mark as early backers of Facebook Inc. have raised a second investment round more than four times as large as their first, signaling their growing clout as an alternative to venture capitalists on Silicon Valley's Sand Hill Road. Founders Fund Management, led by a quartet of wealthy and connected entrepreneurs behind such success stories as online payment service PayPal Inc.
BUSINESS
September 23, 2008 | From Times Wire Services
Security software company McAfee Inc. agreed to buy Secure Computing Corp. for about $465 million to add products for protecting corporate networks and e-mail systems. The price of $5.75 a share is 27% more than Secure's closing price Sept. 19, said McAfee, based in Santa Clara, Calif. Secure, based in San Jose, will add more than 22,000 customers in such industries as healthcare, banking and government to McAfee's 100,000-plus clientele. Shares of McAfee fell $1.60 to $35.71. Secure advanced $1.06 to $5.58.
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
June 28, 1999
Walter M. Reeves has been named senior vice president and director of national accounts for First American Title Insurance Co. in Santa Ana. He had been vice president and director of national accounts since 1998. * Deborah Ranier has joined Edison Capital in Irvine, the investment and financial service subsidiary of Edison International, as vice president of administration. Most recently, Ranier was senior vice president human resources for ConAgra Grocery Products.
BUSINESS
July 14, 1998 | From Times Wire Services
A coalition of the largest computer and software companies on Monday unveiled a plan that would allow the federal government access to encrypted computer software while protecting the privacy of customers who buy the programs. The new plan, led by Cisco Systems Inc.
BUSINESS
April 24, 2002 | DAVID COLKER, TIMES STAFF WRITER
Once the giddy jamboree of the dot-com craze, Internet World opens its doors today at the Los Angeles Convention Center with a topic capitalizing on post-Sept. 11 concerns. The theme of "Security Matters" covers topics such as "Cyber-Terrorism," "The Top 10 Hacking Techniques" and "Security Trends." A focus on a hot information topic--rather than the sheer frenzy of the Internet explosion that permeated the event in the late 1990s--is Internet World's attempt to adapt to diminished expectations.
BUSINESS
July 18, 1998 | From Reuters
In the latest gravity-defying initial public offering of Internet start-ups, shares of Broadcast.com Inc. on Friday skyrocketed to more than four times the initial offering price on their first day of trading. That gave the Dallas-based company, whose technology broadcastsaudio and video programming to computer screens over the Web, including NFL Super Bowls and Stanley Cup playoffs, the sharpest percentage rise for an IPO ever, according to Securities Data Inc., which tracks stocks.
BUSINESS
April 13, 1996 | JULIE PITTA, TIMES STAFF WRITER
Demonstrating that Wall Street's love affair with the Internet remains hot as ever, Yahoo! Inc., a Silicon Valley start-up that makes software for searching the global computer network, sold stock to the public for the first time on Friday and saw its price more than double in a day of frenzied trading. Yahoo! shares were priced at $13 on Thursday, opened at $24.50, and soared as high as $43 before closing at $33 on Nasdaq--giving the company a market value of $848 million.
BUSINESS
May 27, 1996 | From Bloomberg News Service
Cold War technology is finding a hot new market in protecting information on the Internet and corporate computer networks. Harris Computer Systems Corp., SecureWare Inc. and others are selling corporations on high-tech gear that once foiled computer break-ins at the U.S. Defense Department. Those same safeguards appeal to companies that use linked computers known as "intranets" to transfer sensitive data.
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