TITLE

UPDATE: McAfee Snaps Up Secure Computing for $413M

AUTHOR(S)
Schachter, Ken
PUB. DATE
September 2008
SOURCE
Red Herring;9/22/2008, p11
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports on the acquisition of Secure Computing by security software firm McAfee. On September 17, 2008, the share price of McAfee dropped by 1.6 percent while Secure Computing posted a 23.2 percent gain. Analyst Daniel Ives of Friedman, Billings, Ramsey & Co. thinks that McAfee was using weakness in the financial markets as an opportunity to boost its product line. McAfee's revenue increased by 26 percent to $397 million as of July 31, 2008, while its net income was $47.8 million.
ACCESSION #
36646785

 

Related Articles

  • SHARE WATCH.  // Electronics Weekly;4/13/2005, Issue 2189, p12 

    The article reports that the shares of 63 listed companies are monitored on a weekly basis after the close of trading on Wednesday. The EW Index was factored to 100 on August 26 1998 and includes all firms covered by Share watch. Amino's shares have been on the slide since the end of December...

  • Stock options. Craig, Malcolm // Director;Apr2006, Vol. 59 Issue 9, p73 

    Reports on the financial performance of Scottish & Southern Energy in Great Britain as of April 2006. Possible increase in the stock price of the company over the next six months; Pre-tax profit posted by the company for the period ending September 30, 2005; Growth of the company through its...

  • Iliad Punished for Good Results. Dreyfuss, Joel // Red Herring;11/6/2008, p8 

    The article reports on the financial performance of Iliad, operator of popular French Internet service provider (ISP) Free, in the third quarter of 2008. According to the article, the operator posted a 30.2 percent increase in revenues, but that did not keep the market from punishing the stock....

  • Merger possible for LB Icon and Framfab. Dudley, Dominic // New Media Age;11/17/2005, p12 

    The article reports on the speculation that LB Icon will possibly merge with digital agency Framfab. The share price of both companies increased in 2005. LB Icon owns 15% stake in Framfab. If the two companies decided to merge, it would create the largest specialist digital company in Europe,...

  • Acquisition Gives A Boost To Perrigo. Murphy, Kevin // Grand Rapids Business Journal;2/6/2006, Vol. 24 Issue 6, p9 

    Presents information on the financial performance of Perrigo Co. as of February 2006. Percentage of increase in the quarterly revenue of the company; Background on the acquisition of Agis Industries by Perrigo; Rise in the company's stock prices.

  • STOCKWATCH.  // Dow Theory Forecasts;2/12/2001, Vol. 57 Issue 7, p2 

    Presents updates on stock prices in the U.S. as of February 2001. Information on the dividends McGraw-Hill; Growth of corporate profits of BellSouth; Acquisition of Union Carbide by Dow Chemicals.

  • Cash Flow Multiples Shoot Up in the Spring.  // Mergers & Acquisitions: The Dealermaker's Journal;Aug2004, Vol. 39 Issue 8, p10 

    Reports on an increase in mergers and acquisitions cash flow multiples in the second quarter of 2004 in the U.S. Summary of the average multiples of earnings before interest, tax, depreciation and amortization; Performance of deal activity in the second quarter; Information on the moving...

  • Mergers should keep on rollin'. Cornell, Ryan // Crain's Cleveland Business;7/21/2003, Vol. 24 Issue 29, p1 

    The wave of corporate mergers washing over the country likely will sweep away a few more publicly traded companies in Northeast Ohio before it's over, say local experts involved in acquisition deals. A tight credit market, relatively low prices for many stocks, a desire among companies within an...

  • Nufarm positive. Skeffington, Robert; Heathcote, Andrew; Roberts, Craig // BRW;10/7/2004, Vol. 26 Issue 39, p80 

    Reports on the increase in the stock prices in the crop-protection company Nufarm Ltd. in Australia. Net profit from the business operations; Consolidation and merger activities.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics