Computer security software firm McAfee has agreed to pay a US$50 million fine to the Securities and Exchange Commission (SEC) in order to settle charges that it pumped up revenue and earnings during the dot-com craze. The fine will help McAfee settle charges that it exaggerated both sales and earnin...
Cisco Systems today announced plans to buy privately held Protego Networks, part of a year-long acquisition spree aimed at rounding out Cisco's network security offerings. Cisco said it would pay US$65 million in cash for Protego, which was founded in 2002 by two former Cisco executives and makes se...
Merger mania found its way back into the software space today, with security firm Symantec saying it would pay US$13.5 billion to acquire Veritas Software. The deal creates the fourth-largest software firm in the world and with Veritas' storage software and Symantec's strength in security, creates a...
Trend Micro is giving away its antivirus and anti-spam software for smartphones until June, the company announced today, but how necessary that software is remains unclear. "It's a solution in search of a problem," analyst Ed Moyle of SecurityCurve told TechNewsWorld. Moyle added, however, that the ...
With their bottom lines and corporate reputations at risk, many security professionals, tired of only being able to react to viruses, worms and compromised network performance are looking for ways to prevent degradation and infection. DeepNines Technologies has developed a scalable, platform-indepen...
The chief executive of Network Associates quashed speculation Tuesday that his company is in talks to be acquired by Microsoft, cutting into earlier gains made by the stock, which still managed to close up nearly 4 percent. Shares in the Santa Clara, California-based company ended off their best lev...
George Samenuk, chairman and CEO of Network Associates, sent an e-mail to all company staff reassuring them that rumors of a Microsoft takeover are not true. "Many of you have seen the article in Computer Reseller News (CRN) which says that Network Associates is being acquired by Microsoft," said th...
Oil prices dropped for the second straight day on news that inventories grew more than expected, while good earnings news helped lift U.S. stocks higher Wednesday. Crude oil prices fell after a U.S. report showed higher-than-expected inventory levels on hand heading into the peak of the summer vacat...
Networking giant Cisco and server-level antivirus specialist Trend Micro have announced an extension of their existing collaboration to provide worm and virus detection-and-prevention services. A rough year of worm outbreaks and other security issues increased pressure on the San Jose-based company ...
Like a city corner that has fallen victim to the graffiti tag signs of rival gangs, the Internet has now become the basis of a war of words and worms between virus writers, who are unleashing virus variants to eat one another's work and spread to more computers. The exchange among virus writers and ...
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